The process of "redefining" capitalism or reinterpreting capitalism ideologies in a modern context can reveal the virtues of classical economics and the ways they can help solve contemporary global problems. In Redefining Capitalism in Global Economic Development, Kui-Wai Li helps us reconsider...

Purpose - We investigate if financial development benefits from financial globalisation are questionable until certain thresholds of financial globalisation are attained. Design/methodology/approach - Financial globalisation is proxied with Net Foreign Direct Investment Inflows as a percentage...

Purpose – This study assesses the effect of time-dynamic financial globalisation uncertainty on financial development in 53 African countries for the period 2000-2011.Design/methodology/approach – Financial globalisation uncertainty is estimated as time-dynamic to capture business cycle...

Purpose - This study assesses the effect of time-dynamic financial globalisation uncertainty on financial development in 53 African countries for the period 2000-2011. Design/methodology/approach - Financial globalisation uncertainty is estimated as time-dynamic to capture business cycle...

The World Trade Organization (WTO) has predicted that global trade in goods will drop by between 13% and 32% in 2020 as a result of the pandemic. The last time trade volumes dropped substantially, during the financial crisis of 2008, they recovered – but not at pre-crisis rates of growth....

The current book introduces an analysis on trade impediments and structural deformities that shape current world commodities. The case study is that of Arabic countries which represent considerable percentage of world's total area, resources and geopolitical conception. However, they still...

This paper estimates the cash flow and real effects of currency mismatches generated by foreign-priced operations of French manufacturers. The value of transactions invoiced in foreign currencies is twice as sensitive to exchange rates as the value of transactions invoiced in the domestic...

Although the last three decades represent only the most recent episode of Egypt's "opening up to the world", their impact on the Egyptian economy and society seems much wider and goes much deeper than anything that Egypt had experienced before, this justifies the use of the relatively new term...

Using data for the Philippines, I develop and estimate a heterogeneous agent model to analyze the role of monetary policy in a small open economy subject to sizable remittance fluctuations. I include rule-of-thumb households with no access to financial markets and test whether remittances are...