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The Brussels Effect, once emblematic of the EU's alleged influence in shaping global regulations, has now become a factor contributing to global regulatory fragmentation. The EU must recalibrate its trajectory towards a liberal and rules-based trading order, prioritizing widespread regulatory...
Persistent link: https://www.econbiz.de/10014560198
We depart from the trade and wages literature and its emphasis on North-South trade, examining North-North by developing the basic linkages between trade-based integration and relative wages in an Ethier-type division of labor model. Using this model we identify a formal relationship between...
Persistent link: https://www.econbiz.de/10010325533
heterogeneity in the degree of globalization over time and across countries and regions of the World, as well as within countries …The process of globalization is an international economic order which has led to the progressive integration of the … world economy through the pulling the barrier of trade and greater mobility of factors of production. In addition the …
Persistent link: https://www.econbiz.de/10010267513
There is growing awareness that the distribution of IMF facilities may not be influenced only by the economic needs of the borrowers. This paper focuses on the fact that the IMF may favour geopolitically important countries in the distribution of IMF loans, differentiating between concessional...
Persistent link: https://www.econbiz.de/10011605011
issues in the past, has outlived its usefulness. The transition to a more power-based order can be felt around the world … defensive and offensive strategies. The Kiel Institute for the World Economy, together with DIW Berlin and Bruegel, has produced …
Persistent link: https://www.econbiz.de/10015358423
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of world history. Its dynamism and international expansion are on the verge of creating a critical disruption in the … global order that has held sway for over 60 years. As such, China is beginning to reshape the world, presaging a new phase of … globalization: a global-Asian era. This new era is likely to be distinct from any of the earlier phases of globalization and China …
Persistent link: https://www.econbiz.de/10010273494
Cultural and institutional differences among nations may result in differences in the ratios of marginal costs of goods in autarchy and thus be the basis of specialization and comparative advantage, as long as these differences are not eliminated by trade. We provide an evolutionary model of...
Persistent link: https://www.econbiz.de/10010271869