Risks facing the world economy

e-Economy: The challenge facing companies today

First of all, Internet, and the new information and communication technologies in general, have a major impact on companies' transaction costs. Companies' search costs have been reduced in a whole range of industries as Internet has made it easier to identify suppliers, partners, customers or products. It has also made markets more transparent, as there are more possibilities for comparing pric...

Key Challenges Facing the World Trade Organization

Terrorism and the world economy

It has been argued that terrorism should not have a large effect on economic activity, because terrorist attacks destroy only a small fraction of the stock of capital of a country (see, e.g., Becker, G., Murphy, K., 2001. Prosperity will rise out of the ashes. Wall Street Journal October 29, 2001). In contrast, empirical estimates of the consequences of terrorism typically suggest large effects...

China and the World Economy

We investigate whether inward FDI, either at the firm or industry level, has any impact on product innovation by Chinese State owned enterprises (SOEs). We use a comprehensive firm level panel data set of some 30,000 SOEs covering the period 1999 to 2003. Our results show that foreign capital participation is associated with higher innovative activity. Inward FDI in the sector has a negative ef...

Climate Change Risks Facing Urban Areas

technological advancement has led to a clearer understanding of future risks and impacts. With increasing urbanization, understanding the impacts of climate change upon the urban environment will become ever more important. Evidence is mounting that climate change presents unique challenges for urban areas and their growing populations. Where urban areas grow rapidly without regard to current a...