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Globalization and pressure from increased competition have led to "splintering" of in-house services from formerly …
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distinct impact of financial integration and globalization on several dimensions of real activity. We find that: (a) financial … financial integration predict better growth prospects; (c) both advances in financial integration and globalization are … financial integration and globalization indeed foster countries' growth, and there appears to be no trade-off between these …
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significant impediment to growth but religious and linguistic heterogeneity have not. Further, while economic globalization has … more from global integration. This suggests the importance of globalization in redressing the detrimental impact of ethnic …
Persistent link: https://www.econbiz.de/10010282215
We set up a dynamic stochastic model of a stylized economy comprising a final output sector (with traditional and modern firms) and an intermediate goods sector. It is shown that market integration reduces the volatility of the rate of return of capital invested in modern firms. The induced...
Persistent link: https://www.econbiz.de/10011753105
Development economists' disfavour with services as a viable engine of growth has been expressed both through theoretical and empirical analysis. One of the stylized facts of development economics is that share of services in employment increases only with the rise in per capita incomes. The...
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channels and linkages through which globalization affects the poor. After introducing four different concepts used to measure … trends in world income inequality, it examines first the ‘growth’ conduit through which globalization affects poverty …-growth-inequality-poverty is scrutinized, link by link. The paper then moves on to examine other channels in the globalization-poverty nexus that …
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The process of globalization encompasses economic and financial integration. Abolition of capital controls and …
Persistent link: https://www.econbiz.de/10010320377