This paper examines Mexico's integration into Global Value Chains (GVCs) and its implications for structural change over the period 1995-2020. Using a multiregional input-output framework, the analysis decomposes gross exports into domestic and foreign value added and combines these indicators...

This paper examines recent developments in the internationalisation of the Chinese yuan, focusing on trade and portfolio flows, foreign exchange markets, cross‑border payments, and official reserve holdings. The promotion of the yuan's global role has been a deliberate policy objective for...

The literature applying effectual logic to entrepreneurial activity is extensive. However, more effective research needs to be conducted to analyze international entrepreneurship in the specific context of academic spin-offs (ASOs). Prior research has mainly analyzed the effect of human capital...

The rapid expansion of the gig economy is reshaping work globally, producing both new opportunities and significant challenges for workers across diverse regions. This scoping review mapped global evidence on gig workers' experiences between 2018 and 2024, following PRISMA-ScR guidelines. A...

This article examines the governance of Global Value Chains (GVCs) through the lens of economic competence based on a systematic literature review of 32 selected studies. The findings show that economic competence functions as a governance-contingent construct whose effects vary across...

• we analyze plurilateral trade agreements that liberalize trade in particular products among a range of countries • the Information Technology Agreement (ITA) covers around 12% of global trade • our theory shows that such agreements can be a way forward for multilateral liberalization in...

Geldwäsche ist ein transnationales Phänomen. Inkriminierte Vermögenswerte werden über Grenzen hinweg verschoben - gerade im Bereich organisierter Kriminalität gelangen die in einem Staat erzielten Erträge aus kriminellen Aktivitäten regelmäßig ins Ausland, um sie dem Zugriff der...

We use a dynamic spatial general equilibrium model of international investment and production to investigate the real implications of the last five decades of financial globalization. We introduce a wedge accounting framework to estimate country- and time-varying measures of outward and inward...

This introduction grounds the middle-income (MI) trap by looking at the empirical realities of firms, sectors, national, and subnational institutions embedded in global value chains (GVCs). While MI-trap scholarship has shed light on macro-structural constraints, it often overlooks international...

We interpret the increased polarization in Western societies over global economic issues as an interaction of economic forces and shifts in a society's social identity equilibrium. We combine social identity theory with standard small open economy model of international trade to study the effect...

Most firms aspire to longevity, yet only a minority survive more than their initial years. Unsurprisingly, then, business survival has long attracted the interest of many academics. The various factors thought to influence business longevity have generated multiple studies on ownership status,...

This paper examines the evolution of labour earnings distribution across 25 countries, comparing two reference years: 1995 and 2023. The study seeks to understand how labour earnings distribution has shifted over time in each country, highlighting changing patterns of inequality. The data are...

This paper examines the inflationary effects of shipping delays. We construct a novel measure of port-to-port shipping time using real-time AIS maritime data and link it with granular port-level trade and item-level price data. We document substantial heterogeneity in goods imports across ports...

Global growth is projected at 3.3 percent for 2026 and 3.2 percent for 2027, revised slightly up since the October 2025 World Economic Outlook. Technology investment, fiscal and monetary support, accommodative financial conditions, and private sector adaptability offset trade policy shifts....

The semiconductor industry comprises two distinct sectors: advanced chips for smartphones or data centers and less advanced ones for cars. While political and media attention focuses on advanced chips, European industry does not use them. NVIDIA and TSMC dominate the supply of the most advanced...

The European Union (EU) emerged as a product and beneficiary of the Liberal International Order (LIO). Yet, as this order disintegrates, marked by multipolarity, thin multilateralism, and the return of power politics, the EU has taken unprecedented integrative steps, including joint debt...

By constructing a unique international database on generalized trust covering 142 countries worldwide for 41 years from 1980 to 2020, this paper finds a pronounced intertemporal variation of generalized trust over time in a majority of countries across the globe. When analyzing the time series...

With growing consumer concerns about the environmental and social impacts of their purchases, some multinational corporations (MNCs) have begun publishing lists of their first-tier and other upstream suppliers with varying levels of detail and analysis in Corporate Social Responsibility (CSR)...

STRING (South Western Baltic Sea Transregional Region - Implementing New Geography) is a regional cooperation of urban centers and regions in the Nordic countries and Northern Germany. The study shows that the member countries of STRING have developed dynamically over the last decades, both...

We present the first systematic analysis of how countries cover each other in the news, using a newly constructed dataset of 55,240 media sources from 176 countries between 2015 and 2022, drawing upon a corpus of 1.4 billion online news articles. We document a pattern of global media bias:...

This paper analyses the role of loan guarantees in supporting the internationalisation of Indian firms through outward foreign direct investment (OFDI) since the mid-2000s. Despite a persistent domestic savings-investment gap and recurrent current account deficits, Indian OFDI has expanded...

This background paper highlights the urgent need for climate‑resilient sanitation systems as cities face increasing climate‑related pressures. The growing impacts of extreme weather events expose the deep interconnections between sanitation and other essential urban systems, including water...

Corporate environmental, social, and governance (ESG) ratings are receiving growing attention in the current literature. However, most empirical studies fail to examine whether corporate ESG ratings are influenced by financial globalization (FG). This study offers a novel perspective by...