Globalization & Regionalization in International Trade
نویسندگان
چکیده
منابع مشابه
Information Globalization, Risk Sharing, and International Trade
Information frictions are often invoked to explain low levels of international trade beyond those that measured trade frictions (tariffs, transportation costs, etc.) can explain. But to explain why international trade is lower then domestic trade, home firms have to know something that foreigners do not. Without information asymmetry, domestic trade and foreign trade would be inhibited equally....
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Over the period 1972-1986, the correlations of GDP, employment and investment between the United States and an aggregate of Europe, Canada and Japan were respectively 0.76, 0.66, and 0.63. For the period 1986 to 2000 the same correlations were much lower: 0.26, 0.03, and -0.07 (real regionalization). At the same time, U.S. international asset trade has significantly increased. For example, betw...
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The paper provides a general equilibrium model to show how the incompleteness of international financial markets leads to insufficient industrial specialization and a depressed volume of goods trade. As international portfolio diversification is limited and productivity is uncertain, investors wish to maintain a diversified industrial structure, not specializing according to their comparative a...
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The level of information today is decisive in the socio-economic development of the country. The purpose of the article is to identify the most influential factors in the process of developing informatization in the context of international globalization. The assessment of factors influencing world information is based on the following stages: forming incoming information about the state of wor...
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Globalization is characterized by many accomplishments of the world economy: from regional trade agreements proliferation to the acceptance of international standards. One way of integrating Africa into globalization trends is through regional integrations. However, Africa’s dependence upon its colonial leaders has not reflected well on the process of regional integration. Regionalism in Africa...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.1375116