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We examine how globalization affects trade patterns and welfare when conflict prevails domestically. We do so in a simple model of trade, in which a natural resource like oil is contested by competing groups using real resources ('guns'). Thus, conflict is viewed as ultimately stemming from...
Persistent link: https://www.econbiz.de/10005408071
This paper surveys the literature on the relationship between international trade and inclusive growth. It examines … claims that the rise in inequality in many countries can be attributed to the concurrent rise in trade competition …
Persistent link: https://www.econbiz.de/10012518909
Purpose - The global crises that emerged during the last two decades proved that economies that focus their development on demand are the most vulnerable during crises. However, development strategies depend on specific internal and external circumstances impacting development of particular...
Persistent link: https://www.econbiz.de/10015052625
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Persistent link: https://www.econbiz.de/10010250451
and economic growth. It examines a sequence of theoretical models that share a common description of technology and … explanations of income differences and long-run trends in economic growth. …
Persistent link: https://www.econbiz.de/10014023765
egalitarian growth. Equality is stable but spatial inequality is needed to attain it. …This Paper develops a model of economic growth and activity locating endogenously on a 3-dimensional featureless global … geography. The same economic forces influence simultaneously growth, convergence, and spatial agglomeration and clustering …
Persistent link: https://www.econbiz.de/10005136721
The legacy of Adam Smith leads to a false confidence on the optimality of laissez faire policies for the global market economy. Instead, the polarized character of current globalization deeply affects both developed and underdeveloped economies. Current globalization is characterized by factor...
Persistent link: https://www.econbiz.de/10010764950
Does globalization widen inequality or increase income risk? Globalization amplifies the effect of idiosyncratic … for export (import-competing) sector specific factors. Globalization widens inequality in North and South. Globalization …
Persistent link: https://www.econbiz.de/10005027826
In this Paper, we provide a case study of the impact of globalization on income inequality using data across Chinese … institutions across countries are difficult to control for, and the inequality data across countries may not be compatible. An in … demonstrate a greater decline in urban-rural income inequality. Thus, globalization has helped to reduce, rather than increase …
Persistent link: https://www.econbiz.de/10005124080