Connecting Brazil to the world

Patricia Ellen, Jaana Remes, 12 July 2014

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Despite a decade of rapid growth and falling poverty rates, Brazil has failed to match the global average for income growth – let alone to achieve the kind of impressive gains posted by other rapidly transforming emerging economies.

Topics: Development, International trade, Productivity and Innovation
Tags: Brazil, development, global value chains, globalisation, growth, MERCOSUR, openness, productivity, trade

R&D internationalisation during the Global Crisis

Bernhard Dachs, Georg Zahradnik, 6 July 2014

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Foreign firms’ share of total business R&D expenditure increased during the last three decades in almost all countries where data is available, but this trend stopped with the Global Crisis of 2008–2009. In most countries, R&D of foreign firms was more severely affected by the crisis than R&D of domestic firms.

Topics: Global crisis, Productivity and Innovation
Tags: autonomy, FDI, global crisis, globalisation, innovation, multinationals, persistence, R&D, subsidiaries

Globalisation, job security, and wages

Kerem Cosar, Nezih Guner, James R Tybout, 7 July 2014

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How does increased openness to international trade affect workers’ wages and job security? This question is central to the public debate concerning the effects of globalisation, but convincing quantitative answers have been difficult to come by. One fundamental reason is that major trade liberalisation episodes have often coincided with labour reforms (Heckman and Pages 2004).

Topics: International trade, Labour markets
Tags: Colombia, exports, globalisation, Inequality, job security, labour market reforms, productivity, trade liberalisation, unemployment, wages

Global income distribution: From the fall of the Berlin Wall to the Great Recession

Christoph Lakner , Branko Milanovic, 27 May 2014

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The period between the fall of the Berlin Wall and the Great Recession saw probably the most profound reshuffle of individual incomes on the global scale since the Industrial Revolution.

Topics: Global economy, Politics and economics, Poverty and income inequality
Tags: democracy, globalisation, income inequality, Inequality

Human capital and income inequality: Some facts and some puzzles

Amparo Castelló-Climent, Rafael Doménech, 23 April 2014

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The rise of income inequality in many countries from 1985 onwards, and particularly during the recent crisis, has prompted a current debate on the causes and consequences of higher inequality and its effects on future growth (see, for example, OECD 2011, IMF 2014, or Ostry et al. 2014).

Topics: Development, Education, Poverty and income inequality
Tags: education, globalisation, human capital, Inequality, skill-biased technological change

Gross trade accounting: A transparent method to discover global value chain-related information behind official trade data: Part 2

Zhi Wang, Shang-Jin Wei, Kunfu Zhu, 16 April 2014

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Analytical background

Topics: International trade
Tags: comparative advantage, competitiveness, global supply chain, global value chains, globalisation, statistics, trade

Gross trade accounting: A transparent method to discover global value chain-related information behind official trade data: Part 1

Zhi Wang, Shang-Jin Wei, Kunfu Zhu, 7 April 2014

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Production segmentation across national borders has become an important feature of the world economy. With the rapid increase in intermediate trade flows, trade economists and policymakers have reached a near consensus that official trade statistics based on gross terms are deficient, often hiding the extent of global value chains.

Topics: International trade
Tags: global supply chain, global value chains, globalisation, statistics, trade

Competing successfully in a globalising world: Lessons from Lancashire

Nicholas Crafts, Nikolaus Wolf, 22 October 2013

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The ‘first globalisation’ of the 19th century – driven by the substantial falls in trade costs associated with the age of steam – saw the ‘First Unbundling’ (Baldwin 2006), in which industrial production and consumption became spatially separated, often by large distances.

Topics: Economic history, International trade
Tags: agglomeration, cities, cotton, globalisation, Industrial Revolution, industrialisation, Lancashire, trade, wages

Rethinking competitiveness: The global value chain revolution

Marcel Timmer, Bart Los, Robert Stehrer, Gaaitzen de Vries, 26 June 2013

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The rise of global value chains is posing new challenges to analyses of international trade and countries’ competitiveness. Traditional measures are based on the assumption that all activities in the production of a good take place in the domestic economy, using domestic input only.

Topics: International trade
Tags: global value chains, globalisation

Is financial globalisation in retreat? And if so, does it matter?

Richard Dobbs, Susan Lund, 19 June 2013

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Cross-border capital flows – including foreign direct investment, investor purchases of foreign bonds and equities, and cross-border lending – rose from $0.5 trillion in 1980 to a peak of $11.8 trillion in 2007 as national financial markets grew ever more tightly integrated.

Topics: International finance
Tags: globalisation

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