Globalization is the economic policy of integration of national economies with global economy on the basis of free market competition. It is a neoliberal prescription for industrialization and growth of the emerging economies of the South and a project of capital accumulation for the capitalist...

We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using a panel of annual data that spans 151 countries over 1963-2014. We find that tariff increases lead, in the medium term, to economically and statistically significant declines...

We examine the relationship between trade and financial globalization and the rise in inequality in most countries in recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited overall impact of globalization reflects two offsetting...

This paper addresses the role of bilateral free trade agreements in U.S. trade policy and how their increased use has affected the multilateral trade system. It also considers the effects of bilateral trade deals on developing countries in terms of power bargaining and movement toward reciprocal...

There has been a growing concern of developing industrial clusters in developed nations and emerging economies in the past two decades to strengthen economic growth and development. The concept of properly organised industrial clusters has not yet been heavily implemented in developing nations,...

For over several years, since 2007, India and the European Union (EU) have been negotiating a free trade agreement (FTA). The nation is trying to tie-up the largest trade and investment deal. It deals with the liberalisation of goods in trade, the deregulation of services, investment and...

Economic planning is a term used to describe the long term plans of an incumbent government to manage the economy. Planning is defined as conceiving, initiating, regulating and controlling economic activity by the state according to set priorities with a view to achieving well-defined objectives...

We take a fresh look at the aggregate and distributional effects of policies to liberalizeinternational capital flows-financial globalization. Both country- and industry-level resultssuggest that such policies have led on average to limited output gains while contributing tosignificant increases...

This paper examines the role of multinationals and international business in poverty alleviation, based on an analysis of articles in the top journals in business, economics, and policy. We develop a conceptual cross-disciplinary framework that maps and disentangles the impact of different types...

We examine the relationship between trade and financial globalization and the rise in inequality in most countries in recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited overall impact of globalization reflects two offsetting...