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Due to the interdependence of the contemporary world economy, the great American crisis of 2008-2010 rapidly has become the global crisis. However, it is not just another, only larger than before crisis. It is a fundamental crisis of the capitalist market economy based on neoliberalism....
Persistent link: https://www.econbiz.de/10010575269
uncertainty and the benefits of skill upgrading associated with globalization are twin to each other. We provide empirical …
Persistent link: https://www.econbiz.de/10010575274
The Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States was released on January 27th, 2011. The strong political differences within the commission prevented the draft of a shared report. In addition to the majority report, two...
Persistent link: https://www.econbiz.de/10010575293
Using confidential microdata from the US Census, we find that the fraction of manufacturing plants that export rose from 21% in 1987 to 39% in 2006. It has been suggested that similar trends in other countries may have been caused by declining costs of entering foreign markets. Our study tests...
Persistent link: https://www.econbiz.de/10010575338
In recent decades, globalisation has stirred up a number of positive and negative developments in national and international environments. An important feature of globalisation is the rise of the economic, social, cultural and political power of corporations. While corporate activities may...
Persistent link: https://www.econbiz.de/10010575499
We use time-varying regression to model the relationship between returns in the Shanghai and New York stock markets, with possible inclusion of lagged returns. The parameters of the regressions reveal that the effect of current stock return of New York on Shanghai steadily increases after the...
Persistent link: https://www.econbiz.de/10010575691
Climate change is the most complex challenge that humankind has had to face in recent times. With each successive generation, redressing the imbalance will be more difficult. Diverse and complex requirements of maintaining life on Earth, collectively called the environment, can be caused both by...
Persistent link: https://www.econbiz.de/10010575957
This paper has multiple objectives. I set out linkages of a causal model to portray how globalization influences … international terrorism. The paper and conclusions present perspectives on developments of terrorism in the context of globalization …
Persistent link: https://www.econbiz.de/10010577680
This paper examines the impact of globalization on wage inequality using Chinese Urban Household Survey data from 1988 … World Trade Organization (WTO) in 2001, we analyze whether regions more exposed to globalization experienced larger changes …
Persistent link: https://www.econbiz.de/10010577690
1978–2006, and explores their conditionality upon external economic constraints, such as globalization and European … these effects seem to decrease as globalization progresses, and to disappear in the run-up to EMU. This implies that, while … partisan cycles can emerge under a certain domestic political setting, the sensitivity of an economy to globalization pressures …
Persistent link: https://www.econbiz.de/10010578059