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Despite the continuing political interest in the usefulness of tax competition and tax coordination as well as the wealth of theoretical analyses, it still remains open whether or when tax competition is harmful. Moreover, the influence of tax differentials on multinationals' decisions is still...
Persistent link: https://www.econbiz.de/10012718008
In the first era of financial globalization (1880-1914), global capital market integration led to substantial net capital movements from rich to poor economies. The historical experience stands in contrast to the contemporary globalization where gross capital mobility is equally high, but did...
Persistent link: https://www.econbiz.de/10003655033
Does international financial integration boost economic growth? The empirical literature has not yet established a robust link between openness to the international capital market and economic growth. In this paper we turn to the economic history of the first era of financial globalization...
Persistent link: https://www.econbiz.de/10013139547
Persistent link: https://www.econbiz.de/10012991852
During the past decades, corporate law and corporate governance debates have generally been skeptical of elements of economic ‘Nationalism’ or ‘protectionism.’ Arguably, globalization and convergence in corporate governance have resulted in a reduction of protectionist policies. However,...
Persistent link: https://www.econbiz.de/10013300950
The comparison of the key features of trade integration processes and the economic outcomes in China and India reveals that while much has already been achieved in both these economies, the Chinese reforms, especially with respect to manufacturing trade, have gone further and that this is likely...
Persistent link: https://www.econbiz.de/10011807627
: 1) globalization is a process of continuing integration of the countries of the world that is beneficial, inevitable and … irreversible. No any country can afford to remain isolated from the world economy. 2) some of small countries might have higher …
Persistent link: https://www.econbiz.de/10010296788
inflows of portfolio debt, portfolio equity, and FDI, controlling for country's stock of short-term external debt and … probability. Higher stock of short term external debt has been associated with a substantial negative effect on the probability of … a takeoff, and the effect of the short terms debt overhang is largest for Latin American countries. Yet, virtually all …
Persistent link: https://www.econbiz.de/10010287770
A major question in the globalization debate is whether outsourcing and offshoring activities are beneficial to the home country. This paper investigates the effects on productivity and trade from the perspective of transaction costs, using a recent theory on trade in tasks. A production...
Persistent link: https://www.econbiz.de/10011373831
In the first era of financial globalization (1880-1914), global capital market integration led to substantial net capital movements from rich to poor economies. The historical experience stands in contrast to the contemporary globalization where gross capital mobility is equally high, but did...
Persistent link: https://www.econbiz.de/10010299133