Th is paper explores the relationships between openness, poverty and inequality in Africa. Th e analysis begins with a review of social development on the continent since 1980, followed by a discussion of openness and a lengthy exploration of the patterns of trade and fi nance that link Africa to the rest of the world. Th e macroeconomic policy framework that guided African policymaking over th...

The paper analyses the relationship between within-country income inequality and policies of domestic liberalization and external globalization. The models used to provide the rationale for such reforms—such as the Hecksher-Ohlin model—usually predict a decline in inequality. However, the evidence shows that inequality often rose with the introduction of such reforms. The paper tries to explain...

Th e rapid economic rise of China, India, and the Association of Southeast Asian Nations (ASEAN) could have several eff ects on regional peace and global security. Th e power transition perspective overstates the risk of confl ict that results from convergence between dominant and challenger states. Rapid changes in economic and military capabilities can, however, have negative consequences for...

In this paper an ex-post measurable definition of globalization has been used, namely increasing trade openness and FDI. A general result is that the optimistic HeckscherOhlin/Stolper-Samuelson predictions do not apply, that is neither employment creation nor the decrease in within-country inequality are automatically assured by increasing trade and FDI. The other main findings of the paper are...

Geographic and temporal variation in occurrence of dementia within the US has received little attention despite its importance for generation of new etiologic hypotheses and health services research. We examine methodological problems in the use of vital statistics data for assessing variation over time, among states and within states in the US. We analyzed the US multiple cause of death files ...

Sphingosine 1-phosphate (S1P) is involved in hyper-proliferative diseases such as cancer and pulmonary arterial hypertension. We have synthesized inhibitors that are selective for the two isoforms of sphingosine kinase (SK1 and SK2) that catalyze the synthesis of S1P. A thiourea adduct of sphinganine (F02) is selective for SK2 whereas the 1-deoxysphinganines 55-21 and 77-7 are selective for SK1...

This paper uses the SVAR approach to assess the degree of labor market flexibility – measured as the responsiveness of real and nominal wages to permanent and temporary shocks in eight EU member states (France, Italy, UK, Netherlands, Poland, Hungary, Slovakia and the Czech Republic) with a view to assessing their suitability for Euro-area membership. It is found that for Hungary and the Czech ...

This paper develops a model of the circumstances under which it is beneficial to participate in a currency area. The proposed two-country monetary model of trade with nominal rigidities encompasses the real and monetary arguments suggested by the optimum currency area literature: correlation of real and monetary shocks, international factor mobility, fiscal adjustment, openness, difference in n...

Regionalization is a part of globalization and a dynamic process of marching towards globalization. The so-called NADEs (Northeast Asia’s Dynamic Economies) including Japan, Korea and China are expected to lead economic growth in the Asia-Pacific region. This paper analyzes the trade and investment relationships among the three countries, points out the necessity for their technological coopera...

We analyse the determinants of equity agency costs for the top 500 Australian listed firms. Data are collected over four one-year periods (2004, 2005, 2010 and 2011) and analysed using both pooled OLS regression and two stage least squares regression within a random effects panel data model. Analysis covers the full four-year period, the pre global financial crisis (GFC) sub-period (2004 and 20...