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This note aims to shed light on the possible consequences of globalisation for the global economy. It assesses the effects of international financial and trade integration, migration and remittances on economic growth, as well as those of protectionist trade policies, with special attention to...
Persistent link: https://www.econbiz.de/10012893160
Malaysia's integration into global value chains has played a crucial role in the recent development of the economy, helping to promote its diversification into higher value added and services-based manufacturing. Globalisation has also enabled technological advances and higher investment. This...
Persistent link: https://www.econbiz.de/10012893170
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export induced (i.e., all labor demand created by foreign entities buying products exported by the home country)—we provide … measures is associated with: international coordination of macroeconomic policies (export-induced labor demand), currency …
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The legacy of Adam Smith leads to a false confidence on the optimality of laissez faire policies for the global market economy. Instead, the polarized character of current globalization deeply affects both developed and underdeveloped economies. Current globalization is characterized by factor...
Persistent link: https://www.econbiz.de/10013044505
The political hyperglobalisation trilemma asserts that a government cannot simultaneously opt for deep international integration, national sovereignty and democratic politics, but rather is constrained to choosing two of the three at most. This paper presents a new and comprehensive...
Persistent link: https://www.econbiz.de/10013315304
This paper examines the effects of globalisation on the pace of governments implementing international travel restrictions during the recent coronavirus pandemic. We find that more globalised countries experienced a longer delay in implementing international travel restriction policies with...
Persistent link: https://www.econbiz.de/10012242056
The political hyperglobalisation trilemma asserts that a government cannot simultaneously opt for deep international integration, national sovereignty and democratic politics, but rather is constrained to choosing two of the three at most. This paper presents a new and comprehensive...
Persistent link: https://www.econbiz.de/10012260990
Despite the best efforts of the West, the economic sanctions have failed to be as effective as expected, an unsurprising result if we take into account the fact that not all countries (for example, China, India, Israel, Turkey) have joined these sanctions, and those countries (this primarily...
Persistent link: https://www.econbiz.de/10014260724