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The strikingly different labor market performance of major industrial countries suggests that neither globalization nor skill-biased technological change necessarily result in rising unemployment or declining wages of low-skilled workers. Rather, globalization and technological change cause...
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The paper discusses the pros and cons of capital account liberalization. Rather than contrasting liberalization and regulation of capital flows as irreconcilable antagonisms, we argue that capital account liberalization requires institutional and regulatory safeguards. Even though the...
Persistent link: https://www.econbiz.de/10010265483
Die überraschend schnelle wirtschaftliche Erholung der asiatischen Krisenländer (Indonesien, Korea, Malaysia, die Philippinen und Thailand) ging mit makroökonomischen Anpassungsmaßnahmen und strukturellen Reformen im Finanz- und Unternehmenssektor einher. Gleichwohl unterscheiden sich die...
Persistent link: https://www.econbiz.de/10010460039
The paper discusses the pros and cons of capital account liberalization. Rather than contrasting liberalization and regulation of capital flows as irreconcilable antagonisms, we argue that capital account liberalization requires institutional and regulatory safeguards. Even though the...
Persistent link: https://www.econbiz.de/10011490391