Download or read book Economic Globalization And Asia Essays On Finance Trade And Taxation written by Ramkishen S Rajan and published by World Scientific. This book was released on 2003-12-04 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: The term “economic globalization” has been discussed extensively in the popular press, by business executives and by policy-makers all over the world. While academic economists have made some excellent contributions to specific, technical aspects of economic globalization, there appears to be a need for economists to discuss the broader aspects of the issue in a more accessible manner. Failing this, the general debate will be informed only by the writings of non-economists.That is the motivation for this book, which is a collection of essays on various aspects of economic globalization in general, but with specific reference to Asia.

Download or read book Essays on the Economic Implications of Globalization written by Kensuke Suzuki and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The broad objective of this dissertation is to understand the economic implications of globalization, with a particular focus on two key aspects: international migration and trade liberalization. The dissertation is comprised of three chapters. In Chapter 1, my coauthor and I examine the impacts of Japan's immigration policy reforms on labor market outcomes and sectoral production across regions. In Chapters 2 and 3, I analyze the effects of China's trade liberalization, specifically its WTO accession in 2001, with a special emphasis on firms' input trade. Chapter 1 examines the impact of immigrant workers on the regional economies of the host country. We focus on Japan, which has expanded the foreign employment in the total workforce over the last three decades in response to the shrinking domestic workforce. We develop a quantitative spatial model to evaluate the gains of foreign employment, i.e., the consequences of an inflow of foreign workers on aggregate welfare, local wages, employment, and production. Our model features three crucial aspects--occupation, region, and sector--that interact with each other to shape the local labor market and production responses to immigration shocks. We quantify the model using the newly available micro-level data on foreign workers and conduct counterfactual exercises to evaluate the past and future immigration policy reforms. We find that in regions where foreign workers tend to gravitate, there was a substantial negative impact on the wages of low-education domestic workers. At a nationwide level, there is a minimal gain of social welfare. We argue that these results suggest that the Japanese labor market is segmented spatially, particularly for low-education workers. We also highlight the importance of the sectoral dimension in understanding the impact of foreign workers. Specifically, the skewed occupational distribution of foreign workers has pronounced implications on sectors that are intensive in occupations with a larger proportion of foreign workers and sectoral input-output linkage plays a key role in determining the regional impacts. Chapter 2 investigates the decision of firms to import intermediate inputs and their impact on firm performance. Previous research in development economics and international trade has highlighted the benefits of imported inputs for firms, including lower marginal cost of production and positive productivity implications from, e.g., interaction with foreign suppliers. Using Chinese firm-level data from the early 2000s, when trade liberalization occurred, I develop a dynamic structural model of a firm's importing decision that captures both static and dynamic benefits of using imported inputs. I estimate the firm's production function while controlling for unobserved productivity and confirms that the marginal cost of production decreases when using imported inputs (i.e., Ethier's love-of-variety effect), and their use has positive impacts on future productivity. By using the estimated model, I show that subsidizing the fixed cost of importing is more effective in increasing the overall import participation rate than subsidizing the startup sunk cost of importing. Chapter 3 examines the impact of trade liberalization on a firm's intermediate imports and aggregate outcomes, with a focus on heterogeneous impacts across locations within a country. I use Chinese firm-level data covering the period of China's trade reforms following its WTO accession in 2001 and finds that coastal firms, despite their geographic advantage in international trade, are less likely to import, use fewer imports, and spend less on imported inputs than inland firms on average. I also find evidence that coastal firms are less likely to import because domestic inputs are more available than in the inland region. To explain these findings, I develop a spatial general equilibrium model of a firm's input trade, which features multiple regions in a country, endogenous market size, and firm selection. I find that a reduction in international trade costs increases market size and the number of active firms in the coastal region, making the domestic input bundle relatively cheaper. As a result, the model replicates the empirical regularities that coastal firms are less likely to import and use fewer imports than inland firms.

Download or read book Essays in Economic Globalization Transnational Policies and Vulnerability written by Alexander Kouzmin and published by IOS Press. This book was released on 1999 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: The liberalization of trade and its questionable benefit; the increasing fluidity in the movement of people and trade across geo-political divides; the emergence of unregulated virtual trade and its implications on domestic economic policy; and the social implications of the new world order are all issues demanding on-going critical examination from a perspective beyond the common lens of neo-liberal economics. Such an examination is pursued in Kouzmin and Hayne edited volume Essays in Economic Globalization, Transnational Policies and Vulnerability, a collection of 13 diverse, challenging and, often, cautionary chapters contributed by an international cohort of scholars.

Download or read book Globalization and Governance written by Ann Marie Bissessar and published by McFarland. This book was released on 2014-10-04 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the controversial nature of globalization, there is no doubt that the pace and intensity of global interactions has been multiplied exponentially over the last few decades. Criticism of globalization is generally arranged into three camps: political, economic and cultural. Political critics point to the status of the small state and conclude either that it is in retreat, or that the state has reconstituted itself to confront the challenges posed by globalization, thereby transforming itself into a "competition state." Economic critics hold that globalization is nothing new, that international transactions are in the logic of capitalism and that the trade along the silk route goes back centuries. Cultural critics protest that globalization is taking us headlong into the "homogenization of the world." Others warn of new fault lines that would lead to "a clash of civilizations" and international conflicts along those lines. Others lament that cultural globalization will end with the Americanization of the world. This collection of essays, like the debates themselves, is divided into three parts. The first section focuses on the political aspects of globalization. In one essay, "Globalization and the Caribbean," the essayist argues that internationalization leaves no room for small countries in the Caribbean. The essays in the second section are devoted to an economic inquiry into the process and impact of globalization. In "Inequality and the Division of Gains at the Global Level," one essayist notes that the logic of economic theory is being overwhelmed by the interests of the powerful, and that the concerns of the poor countries are important only to the point where they begin to impact the well-being of the rich. The final section explores the issue of cultural and social integration. Instructors considering this book for use in a course may request an examination copy here.

Download or read book Economic Globalization and Asia written by Ramkishen S. Rajan and published by World Scientific. This book was released on 2003 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: The term OC economic globalizationOCO has been discussed extensively in the popular press, by business executives and by policy-makers all over the world. While academic economists have made some excellent contributions to specific, technical aspects of economic globalization, there appears to be a need for economists to discuss the broader aspects of the issue in a more accessible manner. Failing this, the general debate will be informed only by the writings of non-economists. That is the motivation for this book, which is a collection of essays on various aspects of economic globalization in general, but with specific reference to Asia. Contents: Economic Globalization: Finance, Trade and Taxation: Economic Globalization and Small and Open Economies: Finance, Trade and Taxation; International Monetary and Financial Issues in East Asia: International Capital Flows and Regional Contagion: Boom and Bust in East Asia in the 1990s; Liquidity-Enhancing Measures and Monetary Cooperation in East Asia: Rationale and Progress; Choosing the Right Exchange Rate Regime for Small and Open Economies in East Asia; International Trade Issues in Asia: The Nexus Between Trade Liberalization and Poverty in Asia; India''s Decade-Long Trade Reforms: How Does It Compare with Its East Asian Neighbours? (with Rahul Sen); Singapore''s Drive to Form Cross-Regional Trade Pacts: Rationale and Implications (with Rahul Sen); International Trade in Infrastructural Services in East Asia: Telecommunications and Finance; International Tax Issues in Asia: Economic Globalization and Taxation: With Particular Reference to Southeast Asia (with Mukul Asher). Readership: Policy-makers, businessmen, professionals and others with an interest in international economic affairs and international economic policy."

Download or read book Economic Globalization and Governance written by Luís Brites Pereira and published by Springer Nature. This book was released on 2020-10-16 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reflecting the diverse and profound changes triggered by the latest wave of economic globalization, this book highlights various governance responses at national, regional and global levels. The topics covered are wide-ranging and include economic history and development, European integration, exchange rate arrangements, industrial and labor economics, international cooperation and multilateralism, and public choice. The book is divided into three parts: The first part, which contains contributions by Barry Eichengreen and Marc Flandreau, is devoted to economic history. The second part examines open economy macroeconomics with a focus on Europe, including contributions by Jurgen von Hagen and Paul Krugman. The third part presents contributions to international political economy, and related interdisciplinary topics. This Festschrift is written in honor of Jorge Braga de Macedo, Professor Emeritus of Economics at the Nova School of Business and Economics and a distinguished Portuguese academic whose work has an impressive global reach. The contributions, written by a selection of international authors, deal with his oeuvre covering the wide range of topics broached in this book, as his publication record amply attests.

Download or read book Globalization and Economic Development written by Servaas Storm and published by Edward Elgar Publishing. This book was released on 2001 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seventeen international specialists contribute 16 essays to this text honoring Dutch researcher, educator, and policy-maker, George Waardenburg. Focusing on developing countries, this text analyzes globalization from a range of perspectives. It challenges the mainstream view that globalization ensures efficiency and growth and provides equity and development for participating countries. Coverage includes the effects of the neo-liberal (Washington Consensus) policies on growth and stability in developing countries; developments in international capital flows and their implications for economic policy and policy autonomy; and the effects of globalization on income distribution, employment, and significant social indicators within developing countries and on the environment. c. Book News Inc.

Download or read book Globalization Meaning and Scope written by Mashell Chapeyama and published by GRIN Verlag. This book was released on 2012-07-17 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Anthology from the year 2012 in the subject Politics - Topic: Globalization, Political Economics, grade: B, University of the People (Business Administration), course: Globalization, language: English, abstract: This compilation of essays on globalization covers a number of issues including the following: impact of globalization globalization and health globalization and communication globalization and the environment globalization and development globalization and human rights globalization and culture culture and diversity, among other topics. Specific examples are provided. For some people with limited knowledge on the concept of globalization this is a good starting point

Download or read book The Unspoken Truth about Globalization written by Peter Temu and published by iUniverse. This book was released on 2007 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization is a subject we have heard and read so much about. Here is the first of a series of monographs designed to unmask the truth behind globalization. Eventually, The UNSPOKEN TRUTH series of booklets will cover a wide array of topics which, like globalization, have far-reaching policy implications. You will find within these pages solid information and stimulating ideas on the whole subject of globalization. Starting with a meaningful normative idea of "globalizing development", the author shows the close interrelationship between globalization and liberalization, how the law of "intellectual property" is inimical to "good" globalization, and how globalization, left unchecked, can undermine the sovereignty of national governments. The book challenges the multilateral organizations such as the World Bank, the International Monetary Fund, and the World Trade Organization to stop advocating globalization policies that benefit the developed countries at the expense of the developing countries. In particular, it calls on the United States as the monolithic superpower that is uniquely placed to assume world leadership, to rise above selfish national interests, and confront the challenge of spearheading global equity. The book suggests, however, that the United Nations, for all its shortcomings, is still the body best placed to engineer balanced globalization on a world scale, provided it is reformed in a way that enhances significantly both its power and its international prestige.

Download or read book The Impact of Globalisation on Citizenship written by Linda Vuskane and published by GRIN Verlag. This book was released on 2020-01-17 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2011 in the subject Politics - International Politics - Topic: Globalization, Political Economics, grade: 0.80, Liverpool John Moores University, course: People and Citizenship in a Global Society, language: English, abstract: The following essay sets out to investigate in what ways globalization has transformed citizenship and the issues surrounding it. The reduction of trading barriers alongside the increasingly advanced technologies has led to a progressively globalized world, which in turn has influenced many areas, including the concepts and practices of citizenship. In practice citizenship is still mostly considered in liberal terms as a set of rights and obligations that accompany specifically defined membership in a nation-state. However, the global flows of information, goods, capital and people are challenging the traditional frameworks of citizenship and changing the way individuals perceive themselves and their place in the world. In addition, citizenship has been transformed in two levels, vertically, between individual citizens and political authorities, as well as horizontally, between citizens. Moreover, transformations can be further observed on both a philosophical and a practical level, which will be investigated in turn. The essay concludes that there is an increased awareness of the global problems facing contemporary world as well as a notion of the need for an increased responsibility, on both individual and nation-state level. However, the future will show whether the increased interconnections between various groups will lead to greater solidarity or generate new conflicts.

Download or read book Issues in Economic Development and Globalization written by Philip Arestis and published by Palgrave MacMillan. This book was released on 2008-11-03 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Exploring areas in which Ajit Singh has inspired wide-ranging debate and has written seminal works, this volume provides a comprehensive overview of economic development and globalisation, exploring the rise of China and India and the effects of these recent economic successes on countries worldwide, with a detailed look at the Sub-Saharan African experience, as well as comparisons of the two Asian economies in terms of institutions and performance. This volume also offers fresh and valuable insights into issues such as the future of Europe and industrial revolutions in the developing world. Containing expert contributions from a variety of scholars working in these areas of research, this book explores contemporary concerns in economic development and globalisation as well as examining how the issues have changed since Ajit Singh first began working on these subjects. This is an essential companion for all interested in the reach of globalisation, the effect of the rapid rise of China and India on the rest of the world, and on issues of economic development worldwide, as well as those who have been, and continued to be, inspired by Ajit Singh's work."--Book cover.

Download or read book Three Essays in Financial Globalization written by Mingkwan Thongpruksa and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial globalization has many economic implications for countries. On one hand, it provides protection against national shocks and more efficient global allocation of resources. On the other hand, the financial interlinkage driven by globalization increases the exposure of countries to the financial and real shocks and to the risk of sudden capital reversals. This, in turn, has an impact on countries in various aspects. This dissertation explains the three different roles of financial globalization in individual countries and group of countries. The first essay examines the degree of regional consumption risk sharing of countries in ASEAN+3 and investigates the extent to which financial integration determines the degree of regional consumption risk sharing. There are three main questions that this paper attempts to answer. First, the paper examines whether or not consumption risk sharing exists in ASEAN+3. Second, the paper explores to what directions should they contribute to the degree of regional consumption risk sharing. Finally, this paper examines to what extent ASEAN+3 shares the risk within the region vis-` -vis the rest of the world. According to the a empirical analysis, there is a limited degree of regional and bilateral risk sharing among ASEAN+3 and the degree of such has not changed much during 2000- 2007. However, despite the limited degree of regional risk sharing, countries that invest in ASEAN+3 in moderate proportion, that is, Singapore, Korea, and Thailand, tend to have a higher degree of regional consumption risk sharing than global risk sharing. The second essay addresses the major issues of inflation targeting in Thailand. An empirical study shows there is no evidence that inflation targeting has contributed to economic improvement since Thailand does not perform any better, and even worse in terms of output stability, than non inflation targeting countries. Moreover, the results show that exchange rate channel under the transmission mechanism plays a major role which contradicts the traditional inflation targeting, and thus does not fit Thailand's economy. In addition, SVAR indicates that the disinflation is accompanied by declined and volatility in output, suggesting that the adoption of inflation is not free from expenses. Regarding oil price surge, results obtained from SVAR estimation suggest that any active interest policy is able to help relieve the oil price shock and leaving other variables unaffected while having an impact of shorter duration than does inflation targeting. The third essay presents an analysis of the interrelation between financial institutions and the housing sector in the United States. The evidence presented in the first and the second section of the essay suggests that all economic sectors have increasingly participated in financial investment and have been exposed to a higher degree of volatility in financial investment, combining with changes of regulations, and new available instruments, creating the unsustainable boom in U.S. housing markets during the late 1990s to early 2000s, and later resulted in the subprime crisis. The third section sheds light on the dynamics of house price by the panel error correction formulation. The econometric estimation shows the slow adjustment of housing prices towards long-run equilibrium. The last section examines the spill over effects of housing markets to other economic sectors. The estimated results from VECM indicates the strong and statistically significant of all channels of wealth effect, credit effect, and balance sheet effect.

Download or read book Trade Globalization and Development written by Rajat Acharyya and published by Springer Science & Business Media. This book was released on 2013-06-18 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book was written in honour of Professor Kalyan K. Sanyal, who was an excellent educator and renowned scholar in the field of international economics. One of his research papers co-authored with Ronald Jones, entitled “The Theory of Trade in Middle Products” and published in American Economic Review in 1982, was a seminal work in the field of international trade theory. This paper would go on to inspire many subsequent significant works by researchers across the globe on trade in intermediate goods. The larger impact of any paper, beyond the number of citations, lies in terms of the passion it sparks among younger researchers to pursue new questions. Measured by this yardstick, Sanyal’s contribution in trade theory will undoubtedly be regarded as historic. After completing his Ph.D. at the University of Rochester he joined the Department of Economics at Calcutta University in the early 1980s and taught trade theory there for almost three decades. His insights, articulation and brilliance in teaching international economics have influenced and shaped the intellectual development of many of his students. After his sudden passing in February 2012, his students and colleagues organized a symposium in his honour at the Department of Economics, Jadavpur University from April 19 to 20, 2012. This book, a small tribute to his intellect and contribution, has been a follow-up on that endeavour, and a collective effort of many people including his teachers, friends, colleagues and students. In a nutshell it discusses intermediation of various kinds with significant implications for market integration through trade and finance. That trade can generate many non-trade-service sector links has recently emerged as a topic of growing concern and can trace its lineage back to the idea of the middle product, a recurring concept in Prof. Sanyal’s work.

Download or read book Globalization Culture and the Limits of the Market written by Stephen Cullenberg and published by . This book was released on 2004 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of papers discusses critical issues that have often been at the center of social debates in recent years. Economists and philosophers discuss such issues as the limitations of markets as an instrument of decision-making in a society, globalization and culture, the foundational principles for public policy, the criteria for the allocation of human organs, and the paradox of scarcity despite affluence in modern societies.

Download or read book From Here to Free Trade written by Ernest H. Preeg and published by University of Chicago Press. This book was released on 1998-05-13 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: In his new book, Ernest Preeg analyzes international trade and investment in the 1990s and lays out a comprehensive U.S. trade strategy for the uncertain period ahead. He examines the influence of the World Trade Organization (WTO) and argues that economic globalization is beneficial to the U.S. economy in the short- to medium-term while raising important questions about national sovereignty and security over the longer term. Preeg believes regional free trade agreements will soon encompass the majority of world trade, but they can conflict with the WTO's multilateral objectives. The central challenge for U.S. trade strategy, then, is to integrate the now largely separate multilateral and regional tracks of the world trading system. The first essay assesses U.S. interests in economic globalization, the second examines recent steps toward free trade at the multilateral and regional levels, and the next three offer an in-depth critique of U.S. regional free trade objectives in the Americas, across the Pacific, and possibly with Europe. The final essay presents a multilateral/regional synthesis for going from here to free trade over the coming decade.

Download or read book Trade Growth and Economic Policy in Open Economies written by Karl-Josef Koch and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part 1 of this volume focusses on globalization. Gains from trade, international competitiveness, labour market issues in open economies, customs unions, dumping and intra-firm trade are the topics of this part. Part 2 puts a stronger emphasis on dynamic economics. Social income, intergenerational transfers, public pension systems, and bequest and gift motives in overlapping generation models are main topics. Economic policies are analyzed in Part 3, including the relation between wage rigidity and migration, several aspects of German financial and monetary policy, as well as tax competition. The volume concludes with institutional issues of globalization, a western view on eastern transition, social cost of rent seeking, and the evolution of social institutions.

Download or read book Post Keynesian Essays from Down Under Volume II Essays on Policy and Applied Economics written by G. Harcourt and published by Springer. This book was released on 2017-03-21 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: Joseph Halevi, G. C. Harcourt, Peter Kriesler and J. W. Nevile bring together a collection of their most influential papers on post-Keynesian thought. Their work stresses the importance of the underlying institutional framework, of the economy as a historical process and, therefore, of path determinacy. In addition, their essays suggest the ultimate goal of economics is as a tool to inform policy and make the world a better place, with better being defined by an overriding concern with social justice. Volume II assess application and policies.