We develop a technique to exploit forecast error variance decompositions evaluate the macroeconomic connectedness embedded in any multi-country model with an approximate vector autoregressive (VAR) representation. apply our large global VAR covering 25 countries and derive vivid representations of connectedness. find that US exerts dominant influence economy Brazil, China, Eurozone are also glo...

A steadily growing human population and the growing global economy have led to increasing energy consumption and the realization that fossil fuels are a finite resource on earth. Moreover, due to the rising global temperature, there is a need to reduce CO2 emissions to mitigate or prevent further global warming. Both needs have fueled international efforts to convert the current energy supply s...

Unemployment is a universal problem with which the political leadership of almost every country has to wrestle. Even the United States of America which has emerged as the dominant economy of the global village, is forced to invest considerable resources in job creation and economic development programmes aimed at reducing institutional unemployment. This matter has become so significant in the ...

This article contends that legitimacy in the exercise of power comes from the consent of those subject to it. In global health, this implies that the participation of poor country citizens is required for the legitimacy of major actors and institutions. But a review of institutions and processes suggests that this participation is limited or absent. Particularly because of the complex political...

1. Introductory Remarks China’s decision to apply for membership in the WTO and her eventual accession to the said institution highlights the Chinese efforts not only to play an active part in the world economy but also her willingness to establish a new, highly refined supra-individual system of order. The integration of the Chinese economy into the global economic system requires an instituti...