Buckley & Strange (2015) have highlighted the major changes in the global location of economic activity over the past 30 years, with the emerging economies assuming greater shares relative to the advanced economies. They noted that the major drivers of these changes included inter alia economic restructuring and market liberalization in many countries in Asia, Eastern Europe and elsewhere; fina...

Working papers from SITE are preliminary in nature, and are circulated to promote discussion and critical comment. Any references to individual working papers should clearly state that the paper is preliminary. The views expressed here are the authors' own and not necessarily those of the Institute or any other organization or institution. Abstract We use 1994-1998 data from the Russian Longitu...

with the collapse of soviet :union:, central asian countries came into independence. the countries were neglected by russia during the first years after their formation. this encouraged other regional and trans-regional powers to interfere in the region and try to maximize their interests. shifting its foreign-policy process, russia kept its eyes on look-east policy and tried to prevent others ...

The financial liberalization in the four Nordic countries (Denmark, Finland, Norway, and Sweden) that took place mostly in the 1980s led to a major financial crisis in three of those countries. The crises in Finland, Norway, and Sweden are among the deepest financial crises in advanced market economies since World War II. Denmark experienced some banking problems but managed to avoid a systemic...

The purpose of the study is to evaluate impact capital account liberalization and foreign bank ownership on income inequality. In this study, we have analyzed BRICS countries. used an unbalanced panel dataset. timeline was 1991-2020, countries (Brazil, Russia, India, China, South Africa) were analyzed. To measure data liberalization, KAOPEN index. We inequality as independent variable in measur...

Proponents of economic globalization view it as a key to future economic development and in general it is considered a positive force for improved quality of life, acceleration of economic growth, efficient allocation of resources and greater productivity enhancements. Whereas, anti-globalization camp argues that it increases poverty and leads to worsening in the distribution of income. Like ma...

This paper quantifies the effects of trade liberalization on local labor market outcomes and workers’ migration patterns. I extend the classic specific-factors model to examine the impact of national price changes on local labor markets. The model describes how tariff changes across industries affect wages in local labor markets within the liberalizing country. In particular, wages will fall in...