Immigrants reduce geographic inequality

Brian C Cadena, Brian Kovak, 12 August 2013

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Recently, economists have noticed some disturbing trends in the US economy. Job creation, job destruction, and job-to-job switches are all in decline (Davis, Faberman, and Haltiwanger 2012; Hyatt and Spletzer 2013). Further, fewer and fewer people are making long-distance moves in order to take better jobs (Molloy, Smith, and Wozniak 2011).

Topics: Labour markets
Tags: immigration, Mexico, US

Monetary policy in Latin America: Where are we going?

Christian Daude, 10 December 2012

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Inflation targeting has served countries in Latin America well . They have achieved macroeconomic stability by reducing inflation and the pass-through of external shocks such as oil price and exchange rate fluctuations (cf. Mishkin and Schmidt-Hebbel 2007).

Topics: Macroeconomic policy, Monetary policy
Tags: Brazil, Central Banks, Chile, Colombia, foreign exchange, inflation targeting, Latin America, Mexico, Peru

Rethinking the ‘war on drugs’: Insights from the US and Mexico

Ernesto Zedillo, 22 May 2012

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America’s most loved economics textbook (Mankiw 2012) uses the ‘war on drugs’ to illustrate how restricting supply when demand is inelastic increases the total cash spent on illegal drugs. Every anti-smuggling tactic makes each consignment more profitable. No wonder the US war on drugs is not going so well.

Topics: Health economics
Tags: drug policy, illegal drugs, Mexico, US

Getting ready: Preparation for exporting

Leonardo Iacovone, Beata Javorcik, 5 April 2012

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Understanding how domestic companies could be supported in their efforts to break into export markets and diversify their range of export products is an important concern for policymakers. Indeed, export diversification is viewed as a way of stimulating growth by policymakers and academics alike (Rivera-Batiz and Romer 1991, Grossman and Helpman 1991, Hausmann et al 2007).

Topics: International trade
Tags: exports, Mexico, quality

TPP negotiations, anticipatory trade creation, and implications for European trade policy

Florian Mölders, Ulrich Volz, 23 March 2012

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The Trans-Pacific Partnership (TPP) agreement has been under negotiation since 2010. TPP negotiations build on the Trans-Pacific Strategic Economic Partnership Agreement (P4) between Brunei Darussalam, Chile, New Zealand, and Singapore, which was signed in June 2005 and entered into force in May 2006.

Topics: International trade
Tags: Asia-Pacific, Canada, Japan, Mexico, trade policy, Trans-Pacific Partnership

Does openness generate growth? Reconciling the experiences of Mexico and China

Timothy Kehoe, Kim Ruhl, 19 November 2011

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Does opening to international trade and foreign investment generate economic growth? A large empirical literature employs regressions with a country’s growth rate as the dependent variable and some measure of openness among the independent variables.

Topics: International finance, International trade
Tags: China, financial globalisation, free trade, Mexico, openness

The two faces of Wal-Mart in Mexico

Leonardo Iacovone, Beata Javorcik, Wolfgang Keller, James R Tybout, 20 August 2011

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Wal-Mart is a company that polarises. While there is much to be said about the low prices and extensive selection Wal-Mart offers its customers, its business model can be controversial (LA Times 2011).

Topics: Global economy, International trade
Tags: deregulation, globalisation, Mexico, Wal-Mart

Did trade liberalisation benefit women? The case of Mexico in the 1990s

Ernesto Aguayo-Téllez, Jim Airola, Chinhui Juhn , 24 August 2010

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Promoting gender equality is one of the eight Millennium Development Goals of the United Nations (UN 2009). The potential paths to achieving this goal are many. An oft-cited path is to raise global awareness of the issue and to directly campaign for change. Another possibility may be to integrate poorer and less-developed economies into world markets by encouraging trade liberalisation.

Topics: Development, International trade, Labour markets, Poverty and income inequality
Tags: development, gender inequality, international trade, Mexico

Multi-product exporters: Product churning, uncertainty and export discoveries

Leonardo Iacovone, Beata Javorcik, 1 August 2010

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Virtually all successful development stories in the last few decades have been accompanied by massive increases in exports. It is not surprising therefore that the question of "how do firms start exporting?" is one of great interest to policymakers.

Topics: Development, International trade
Tags: exports, Mexico, NAFTA

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