In this chapter, the author first provide a brief survey of broad trends in the integration and disintegration of the international economy. He then focuses more specifically on the impact of globalization on labour, which is the theme of this volume, concentrating on the last great wave of...

The "regionalism trend" has been an important feature of the global economy since the mid-1980s and is becoming increasingly important at the turn of the century. The object of this paper is to review and assess the regionalism trend, consider its future as an integral component of the emerging...

As contemporary globalization of the world economy continues, each nation enjoys the benefits of greater exploitation of scale economies and of specialization and exchange. But equally true, globalization causes greater dependence among regions, nations, and localities and this necesserily...

There is considerable disagreement on how one should define globalization, and some disagreement as to whether the world economy is truly global. However, despite the disagreement regarding the definition, there is more agreement regarding globalization's main effects on developing countries....

We show that even under socially constant returns to scale indeterminacy, i.e., a continuum of dynamic general equilibrium paths converging to a common steady state, can arise in a dynamic Heckscher-Ohlin model with production externality and endogenous time preference in which production is...

This paper connects a traditional topic in trade theory with a new topic in economic dynamics in a simple two(-country) by two(-good) dynamic general equilibrium (dge) model by showing that the transfer paradox, or the donor-enrichment and recipient-impoverishment transfer, is possible if and...

This paper assesses the facts of the matter, searches for their implications for national economies, and considers the scope and need for local and national policies that provide a basis for balanced growth. The first section will summarize the evidence and implications leading to the conclusion...

There is already some degree of policy convergence between countries in the area of competition policy and corporate governance and more is likely to occur in fuure trade negotiations and in initiatives undertaken by the World Bank. For bankruptcy policy, practive is more varied and there is...

Using a small VAR of the current account and investment, we identify two categories of shocks: permanent vs. transitory and country-specific vs. global. Our approach involves only the most minimal identifying assumption. Using data from the G7n countries, we find that the predictions of the...

Purpose – This paper aims to analyze the influence of international trade of goods of Croatia in the period from 2001 till 2010. The study shows contribution of exports and imports of goods on the real GDP growth, in time which represented the global economic crisis, of Croatia in comparison...