We examine the impact of the last five decades of financial globalization on world GDP and income distribution, using a … pattern Unbalanced Financial Globalization. We then simulate a counterfactual trajectory of the world economy where the RKO … wedges are fixed at their pre-globalization levels. We find that unbalanced financial globalization led to a worsening of …

The Latin American export in the manufacturing sector is 18% lower than the world average. Although between the 1980s … other raw materials. This article evaluates and quantifies the impact of human capital, globalization, and the role of the …