International Economics Commons^™

International Economic Convergence: Measuring Economic Growth And Income Inequality From 1975-1999, Brian Kent Smedley

Undergraduate Honors Capstone Projects

As the world continues to be reshaped by technological advances and globalization, national borders are rapidly dissolving. Nations that are many thousands of miles away now seem closer than ever due to modern technology and transportation. The world has experienced tremendous progress and economic growth in the last few decades, and today people in many countries enjoy a higher standard of living than the world's citizens have ever known. Yet despite all that we have accomplished as a human society, somehow we are still unable to solve the most fundamental problem facing humanity: relieving the poverty and misfortune of billions …

Eco108 World Political Eco, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection contains:

• World political economy [Course syllabus]. (2003, Spring). GECO 5108. Prepared by Anwar Shaikh, PhD, and guest lecturers.

• World political economy [Course syllabus]. (2002, Spring). GECO 5108. Prepared by Anwar Shaikh, PhD, and guest lecturers.

Earnings Momentum In International Markets, Dong Hong, Charles M. C. Lee, Bhaskaran Swaminathan

Research Collection Lee Kong Chian School Of Business

This paper examines the profitability of earnings momentum strategies based on analyst forecast revisions in eleven international equity markets. While analyst forecast revisions exhibit persistence in all countries, the profitability of trading strategies based on these revisions varies. Specifically, earnings momentum yields significant profits in Australia, Canada, France, Germany, Hong Kong, and the United Kingdom, but not in Malaysia, South Korea, Japan, Singapore, or Taiwan. Interestingly, price momentum exists only in those countries where earnings momentum is profitable. In general, markets with high levels of corruption (low investor protection) exhibit weak momentum. Collectively, these findings suggest that the momentum phenomenon …

Ceo Turnover And Foreign Market Participation, Bruce A. Blonigen, Rossitza B. Wooster

Economics Faculty Publications and Presentations

Anecdotal evidence suggests that new CEOs with foreign backgrounds direct their firms to become more international in their operations. We examine this hypothesis formally using data on U.S. S&P-500 manufacturing firms from1992 through 1997 and biographical information on CEOs’ birth and education locations that allow us to identify changes from U.S.- to foreign-connected CEOs. Robust to a variety of specifications, we find that a U.S. firm’s switch from a U.S. to a foreign CEO leads to substantial increases in the firm’s proportion of its foreign assets and foreign affiliate sales. In fact, our preferred specification indicates that foreign asset and …

Markov Switching Garch Models Of Currency Crises In Southeast Asia, Celso Brunetti, Roberto S. Mariano, Chiara Scotti, Augustine H. H. Tan

Research Collection School Of Economics

This paper develops a model which is able to forecast exchange rate turmoil. Our starting point relies on the empirical evidence that exchange rate volatility is not constant. In fact, the modeling strategy adopted refers to the vast literature of the GARCH class of models, where the variance process is explicitly modeled. Further empirical evidence shows that it is possible to distinguish between two different regimes: îordinaryî versus îturbulenceî. Low exchange rate changes are associated with low volatility (ordinary regime) and high exchange rate devaluations go together with high volatility. This calls for a regime switching approach. In our model …

Review Of Japan's Economic Dilemma: The Institutional Origins Of Prosperity And Stagnation, New York: Cambridge University Press, 2001. $ 54.95 Hardcover, $ 19.95 Papercover. Bai Gao. Reviewed By Christian Aspalter., Christian Aspalter

The Journal of Sociology & Social Welfare

Book review of Bai Gao, Japan's Economic Dilemma: The Institutional Origins of Prosperity and Stagnation, New York: Cambridge University Press, 2001. $54.95 hardcover, $19.95 papercover.

New Rules To The Old Great Game: An Assessment Of The Shanghai Cooperation Organization's Proposed Free Trade Zone, Leland Rhett Miller

Maryland Series in Contemporary Asian Studies

No abstract provided.

The Political Economy Of Perverse Financial Liberalization: Examples From The Asian Crisis, Nancy Neiman Auerbach, Thomas D. Willett

Scripps Faculty Publications and Research

Debates continue to rage about the causes of recent currency and financial crises around the globe and their implications for the desirability of domestic and international financial liberalization. Beneath the heated exchanges of the most vocal disputants, a quiet consensus is beginning to emerge among serious scholars and policy officials. The big lesson from these crises is that while financial liberalization is still a desirable goal, it must be approached very carefully. It’s not just that without the proper pre-conditions liberalization will not provide full benefits. The results can sometimes be disastrous. What was once considered to be an arcane …

Das Zeitalter Der Knappheit – Ressourcen, Konflikte, Lebenschancen, Isidor Wallimann, Michael Dobkowski

Books

Michael N. Dobkowski and Isidor Wallimann establish a disturbing but realistic scenario of the disastrous future that awaits humankind as surplus populations collide with dwindling resources. Authors consider a number of cause-and-effect situations on industrialization, biophysical limits, exponential population growth, and genocide, to name a few. This volume is a critical contribution to the field and will serve as an ideal introduction to courses in the environment, population, resources, genocide, and social conflict.

Production Sharing And Singapore’S Global Competitiveness, Sven W. Arndt

CMC Faculty Publications and Research

Singapore has made spectacular progress in recent decades in pushing its economy into the world's top ranks. One important payoff has been a substantial rise in living standards. Among the main drivers behind this accomplishment have been entrepot trade, which exploits an important natural comparative advantage, on the one hand, and enlightened education, social, and economic policies, which have built up man-made comparative advantage based on human capital, on the other.

A Free Trade Agreement Of The America's: A Case Study Of Brazil, Maria Eliana Cadario

Inquiry: The University of Arkansas Undergraduate Research Journal

This paper will examine the likely impacts of the proposed Free Trade Agreement of the Americas (FTAA) that was initiated by President Bush in 1994 and is anticipated to include 34 countries in the Western Hemisphere excluding Cuba and to come into force during 2005. The paper will focus on the likely trade effects for Brazil, the largest potential member of the FTAA. In the first part, I will review the current trade relations between countries in the Western Hemisphere and the US, including the various bilateral and multilateral agreements such as NAFTA, MERCOSUR, CBI, The Andean Trade Preference Act, …

Levy Trade Model, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Some notes on the U.S. current account deficits. (n.d.). Unpublished manuscript.

• Outline of the trade sector report. (n.d.). Unpublished outline [Manuscript].

• Export models. (2003, May 3). Unpublished document.

• Handwritten notes titled “trade sector model.” (2003, January 31). Unpublished handwritten notes [Manuscript]. (A. Shaikh, PhD, author).

• Trading partner price index. (n.d.). Unpublished graph [Figure].

• Econometrics of trade. (n.d.). Unpublished manuscript.

• Handwritten notes on the U.S. import function. (2003, May 1). Unpublished handwritten notes [Manuscript]. (A. Shaikh, PhD, author).

Terms Of Trade And Unit Labor Costs In Trade Theories, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Terms of trade and unit labor costs in trade theories (2003, November 2) [Document].

Job Creation, Job Destruction, And International Competition, Michael W. Klein, Scott Schuh, Robert K. Triest

Upjohn Press

The authors present a picture of how the effects of international trade on employment in U.S. manufacturing industries vary widely. They explore the labor-market dynamics and adjustment costs associated with international factors, particularly the way fluctuations in exchange rates, overseas economic activity, and the altering of trade restrictions contribute to churning-the simultaneous job creation among some firms and job destruction among others.

Globalization And The Myth Of Free Trade, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Program for the conference on globalization and the myths of free trade, hosted by the Center for Economic Policy Analysis and the Department of Economics, including schedule and speaker introductions. (2003, April 18). [Unpublished conference program]. Center for Economic Policy Analysis; Department of Economics, The New School University.

• Annotated conference schedule. (2003, April 18). [Unpublished annotated schedule; manuscript with annotations]. (A. Shaikh, PhD, annotator).

• Shaikh, A., PhD. (n.d.). Handwritten conference notes referencing Andrew Glyn, Stephanie Seguino, Ajit Singh, Ha-Joon Chang, and Deepak Nayyar [Unpublished handwritten notes]. Manuscript.

• Shaikh, A., PhD. (n.d.). …

United States Sugar Trade, Jeremy R. Meiners

University Avenue Undergraduate Journal of Economics

The best means to understand the effects of the tariff-rate quota system on production and consumption of sugar is by creating an economic model. By analyzing the most recent figures concerning consumption, importation, production, and tariff-rate quotas, an economic model of the sugar market of the United States can be produced. From this model, the effects of the removal of the tariff-rate quota system can be seen, as well as the effects on domestic consumers and producers. Through this model, an accurate picture of whom the tariff-rate quota affects and what these effects are is shown.

Monetary-Policy Targeting In The Central European Transition Economies, Lucjan T. Orlowski

WCBT Faculty Publications

This chapter examines the monetary-policy-targeting systems, in the second half of the 1990s (until 1998), of three Central European EU-accession candidates—the Czech Republic, Hungary, and Poland--and advocates the potential benefits of applying a direct-inflation-targeting (DIT) system in them. For the purpose of the analysis presented here, DIT is defined as "a monetary policy framework that is based on the assumption of long-term price stability as the official policy goal and on the designation of the official inflation forecast as intermediate policy target" (Orlowski, 2000). Section 1 is a brief overview of monetary-targeting practices in the Czech Republic Hungary, and Poland. …

Incentives, Institutions, And Development Assistance, Michael Kremer

Clemens Lecture Series

No abstract provided.

Regionalism Versus Globalism: A View From The Americas, Carlos Manuel Vázquez

Georgetown Law Faculty Publications and Other Works

The well-deserved celebration of UNIDROIT'S first seventy-five years focused on a topic that is of particular interest to the Organization of American States and to the organ of the OAS to which the author belongs, the Inter-American Juridical Committee. The topic of the 75th Anniversary Congress--"Worldwide Harmonization of Private Law and Regional Integration"--implicates one of the several dichotomies with which we in the Inter-American system who work on questions of private international law (and international private law) have been grappling in recent years, the problem of regional versus global approaches to the harmonization of private international law (and international private …

Beyond Balancing The Interests Of Creditors And Developing States, Anna Gelpern

Georgetown Law Faculty Publications and Other Works

The traditional view of sovereign debt as a relationship between a developing country government and and its foreign private creditors is increasingly out of date. Financial institutions and individuals inside the borrowing countries are are becoming more and more important as creditors to their governments. At the same time, as countries remove restrictions on cross-border capital flows, foreign creditors are participating more actively in domestic law, local-currency debt markets. These developments imply fundamental changes in lending decisions and, where the loan goes bad, in the sovereign debt workout process.

New Social Movements And The Struggle For Worker’S Rights In The Maquila Industry, Victoria Carty

Sociology Faculty Articles and Research

"Campaigns to improve worker’s rights in export processing zones (EPZs), also referred to the maquila industry in Latin America, is an important topic analytically and politically. On theoretical and practical levels, the co-existence of market economies with effective means to ensure adequate working conditions for workers is a critical question. Underlying the issue is a vigorous debate regarding how the global economy should be governed; who or what should govern it, and whose interest is should serve (Faux, 2002)."

Can World Poverty Be Eliminated?, William F. Felice

Human Rights & Human Welfare

A review of:

World Poverty: New Policies to Defeat an Old Enemy edited by Peter Townsend and David Gordon. Bristol: The Policy Press, 2002. 454pp.

and

World Poverty and Human Rights: Cosmopolitan Responsibilities and Reforms by Thomas Pogge. Malden, MA: Blackwell/Polity, 2002. 264pp.

and

There is an Alternative: Subsistence and Worldwide Resistance to Corporate Globalization edited by Veronica Benholdt-Thomsen, Nicholas Faraclas, and Claudia von Werlhof. New York: Zed Books. 2001. 288pp.

Of Legal Transplants, Legal Irritants, And Economic Development, Katharina Pistor, Daniel Berkowitz

Faculty Scholarship

The collapse of the socialist system has given way to unprecedented economic and legal reforms in the former socialist countries. Over the past decade they have enacted new legislation in all areas of the law, drawing heavily on legal models from developed market economies, including common law and civil law countries. While the transplanted laws now on the books is largely consistent with Western practice, the enforcement of these new laws is often ineffective (Berkowitz, Pistor, and Richard, 2003).

What Caused Enron? A Capsule Social And Economic History Of The 1990s, John C. Coffee Jr.

Faculty Scholarship

The sudden explosion of corporate accounting scandals and related financial irregularities that burst over the financial markets between late 2001 and the first half of 2002 e.g., Enron, WorldCom, Tyco, Adelphia, and others-raises an obvious question: why now? What explains the sudden concentration of financial scandals at this moment in time? Much commentary has rounded up the usual suspects and blamed the scandals on a decline in business morality, “infectious greed,” and similar subjective trends that cannot be reliably measured.

Three Essays On Economic Reform: Effects On Human Development, Fertility, And Factor Shares, Khaled Ibrahim Abdel-Kader

Dissertations

This dissertation contains three essays on economic reform programs supported by the IMF and World Bank. Using appropriate theoretical and empirical models, we investigate the impact of reform on three aspects of economic development: (1) human development, (2) fertility, and (3) income shares of factors of production. In the first essay, we examine the long-run impact of reform on different measures o f human development and income. Empirical results show that reform has long-run positive impact on GDP per capita and measures of human development. However, worse initial macroeconomic conditions offset this impact. In the second essay, we examine the …

Is Ricardo's Essay On Profits A Precursor Of The New Trade Theory?, Hian Teck Hoon

Research Collection School Of Economics

This paper carefully analyzes a passage of Ricardo’s Essay on Profits ([1815] 1923), which suggests that he clearly understood the effects of both interindustry as well as intraindustry trade. In the context of the Essay model, Ricardo argues that free interindustry trade involving an exchange of manufactures for agricultural good (from England’s point of view) raises the rate of profit through lowering the relative price of the agricultural good. On the other hand, where trade involves simply an exchange of manufactures for manufactures, these being produced under conditions of economies of scale (division of labour in manufactures (pg. 25 of …

A Model Of Industrialization And International Wage Convergence Based On Multi-Plant Foreign Direct Investment, Hian Teck Hoon, Irene Ng

Research Collection School Of Economics

We show that for industrialization and international wage convergence through multi-plant foreign direct investment (FDI) to occur, the measure of the quality of the social infrastructure in the South relative to that in the North must be at least as large as the South-North wage ratio. We also show that if profitable FDI flows already take place from the North to the most productive economy in the South, then less productive Southern economies can also become recipients of FDI, provided that they are integrated into the world trading system, and there are no impediments to the decline of their wage …

Trends. When Governments Want Government To Change, Ibpp Editor

International Bulletin of Political Psychology

This Trends article discusses regime change in Germany and Iraq in a political psychological context.

Thinking About Thinking In An Era Of Globalization: Implications For International Security, Ibpp Editor

International Bulletin of Political Psychology

This article identifies and critiques hypotheses concerning the impact of globalization on thinking and suggests consequences of thinking (reason, logic) as an epistemological tool of international security.

Japanese Capitalism In Crisis: A Regulationist Interpretation (Book Review), Ramzi N. Frangul

WCBT Faculty Publications

Book review by Ramzi N. Frangul.

Boyer, R., & Yamada, T. (Eds.). (2000). Japanese capitalism in crisis: A regulationist interpretation. Routledge.

ISBN 9780415205597