Globalization means the affirmation of a single market at the global level. More generally, the word globalization is usually used to indicate a unified world that tends to homogenize products and consumption patterns. In addition to the undoubtedly positive effects that the processes of...

The article analyzes the growing demand and the formation of internal value chains in China and other developing countries. In this regard, the change in the place of developing economies in the global economy is summarized, after which the trends in exports of developed and developing countries...

Along with the dynamic transformations associated with the failure of multilateralism, the transformation of global demand patters and the return to protectionism, global trade is undergoing dynamic changes related to the fragmentation of the production process and the integration of emerging...

This paper proposes the use of dynamic factor models as an alternative to the VAR-based tools for the empirical validation of dynamic stochastic general equilibrium (DSGE) theories. Along the lines of Giannone et al. (2006), we use the state-space parameterisation of the factor models proposed...

Economists agree that countries that are close together may experience common shocks that affect growth; that a country’s growth rate depends not only on domestic investment but also on the investment of its neighbouring countries. On the negative point, common shock such as wars and political...

This paper examines the potential impact of energy consumption and foreign direct investment (FDI) on inclusive growth in 32 Sub-Saharan Africa (SSA) countries from 2000 to 2019. The results from the 2-stage system generalised method of moment (GMM), reveal that energy consumption induces...

As I am writing this book, Russia is invading Ukraine, and the world’s beliefs in global institutions, peace, humanism, and social progress have been shaken again. Understanding why conflict is endemic to any social relation, under which conditions it is a positive element in social life, and...

The main thesis in this manuscript is that a social choice theory based on aggregating individual preferences and values is insufficient to confront the social choices that today’s world is facing. It is defended in here that institutions play a critical role in any social choice, and that the...