The Gains and Pains of Financial Integration and Trade Liberalization

The Gains and Pains of Financial Integration and Trade Liberalization
Author: Rajib Bhattacharyya
Publisher: Emerald Group Publishing
Total Pages: 297
Release: 2019-11-26
Genre: Business & Economics
ISBN: 1789739993

Geared towards policy makers, researchers, academics, and business and management professionals, The Gains and Pains of Financial Integration and Trade Liberalization helps readers develop new theories and models for analysing the future trends in finance and trade-related issues.

Trade Liberalization

Trade Liberalization
Author: Romain Wacziarg
Publisher: Edward Elgar Publishing
Total Pages: 0
Release: 2018
Genre: Free trade
ISBN: 9781788111492

This compelling two-volume collection presents the major literary contributions to the economic analysis of the consequences of trade liberalization on growth, productivity, labor market outcomes and economic inequality. Examining the classical theories that stress gains from trade stemming from comparative advantage, the selection also comprises more recent theories of imperfect competition, where any potential gains from trade can stem from competitive effects or the international transmission of knowledge. Empirical contributions provide evidence regarding the explanatory power of these various theories, including work on the effects of trade openness on economic growth, wages, and income inequality, as well as evidence on the effects of trade on firm productivity, entry and exit. Prefaced by an original introduction from the editor, the collection will to be an invaluable research resource for academics, practitioners and those drawn to this fascinating topic.

World Development Report 2020

World Development Report 2020
Author: World Bank
Publisher: World Bank Publications
Total Pages: 545
Release: 2019-11-19
Genre: Business & Economics
ISBN: 1464814953

Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. This shift enabled an unprecedented economic convergence: poor countries grew rapidly and began to catch up with richer countries. Since the 2008 global financial crisis, however, the growth of trade has been sluggish and the expansion of GVCs has stalled. Meanwhile, serious threats have emerged to the model of trade-led growth. New technologies could draw production closer to the consumer and reduce the demand for labor. And trade conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. World Development Report 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs and trade. It concludes that technological change is, at this stage, more a boon than a curse. GVCs can continue to boost growth, create better jobs, and reduce poverty provided that developing countries implement deeper reforms to promote GVC participation; industrial countries pursue open, predictable policies; and all countries revive multilateral cooperation.

ASEAN-5: Further Harnessing the Benefits of Regional Integration Amid Fragmentation Risks

ASEAN-5: Further Harnessing the Benefits of Regional Integration Amid Fragmentation Risks
Author: Nuri Baek
Publisher: International Monetary Fund
Total Pages: 46
Release: 2023-09-15
Genre: Business & Economics
ISBN:

The ASEAN-5 region, which comprises Indonesia, Malaysia, the Philippines, Singapore, and Thailand, has benefited substantially from its integration to the world economy, particularly through trade. Rising risks of geoeconomic fragmentation could reverse some gains reaped from globalization over the past decades. In this context, advancing regional integration among ASEAN-5 members has the potential to enhance the region’s resilience against external headwinds. This paper shows that despite sizeable progress, particularly in regional trade integration, there is room to advance financial integration, which also lags trade integration in ASEAN-5. Empirical findings from the paper illustrate that a higher degree of regional financial integration could generate sizeable output gains for the region. Using firm-level data, the paper highlights that digitalization, an area where the region is thriving, can support regional integration by helping firms better integrate into global value chains, with the benefits being stronger for small and medium sized enterprises. The results also suggest that digitalization can help firms move up the value chain through the production of more sophisticated products, often coined as higher export sophistication.

The Gains and Pains of Financial Integration and Trade Liberalization

The Gains and Pains of Financial Integration and Trade Liberalization
Author: Rajib Bhattacharyya
Publisher: Emerald Group Publishing
Total Pages: 205
Release: 2019-11-26
Genre: Business & Economics
ISBN: 1838670068

Geared towards policy makers, researchers, academics, and business and management professionals, The Gains and Pains of Financial Integration and Trade Liberalization helps readers develop new theories and models for analysing the future trends in finance and trade-related issues.

Special Education Transition Services for Students with Disabilities

Special Education Transition Services for Students with Disabilities
Author: Jeffrey P. Bakken
Publisher: Emerald Group Publishing
Total Pages: 190
Release: 2019-11-26
Genre: Education
ISBN: 1838679790

This book discusses the considerable challenges students with disabilities conquer in education, varying from relationships with teachers and academics, learning resources, and everyday social situations.

Handbook of Research on Acceleration Programs for SMEs

Handbook of Research on Acceleration Programs for SMEs
Author: Lisboa, Inês
Publisher: IGI Global
Total Pages: 602
Release: 2022-12-19
Genre: Business & Economics
ISBN: 1668456672

The international financial crisis of 2007 and 2008 and the situation caused by the COVID-19 pandemic have had a great impact on many firms’ financial needs. Simultaneously, several emerging countries have bet on boosting private initiatives as a way to diversify their economies and create jobs and wealth for their populations. New forms of financing have appeared that have impacted the firm’s capital structure, cost of capital, and access to finance by underprivileged communities that are normally outside the formal economy. The Handbook of Research on Acceleration Programs for SMEs provides and shares knowledge on the financial mix, alternative forms of finance, capital structure, and more. It calls attention to relevant challenges, financial institutions, and governments to guarantee funds and economic and social development with new competencies, innovations, new ways of investing, entrepreneurship, and business models with new public policies. Covering topics such as earnings management, capital structure, and foreign exchange, this major reference work is an essential resource for government officials, business leaders and executives, economists, sociologists, students and faculty of higher education, librarians, researchers, and academicians.

ECONOMIC AND BUSINESS TRAJECTORY: Indonesia, Asia and Europe

ECONOMIC AND BUSINESS TRAJECTORY: Indonesia, Asia and Europe
Author: Edza Aria Wikurendra
Publisher: Edza Aria Wikurendra
Total Pages:
Release: 2022-06-01
Genre: Business & Economics
ISBN: 6235696191

McKinsey Global Institute, a global business and research agency, forecasts that Indonesia will be the 7th largest economy in the world by 2030. Further, Indonesia's economy will rise to fourth place by 2050, surpassing advanced economies such as Japan and Germany, according to Pricewaterhouse Coopers (PwC). To turn projections into reality, we need to have the ability to seize all opportunities that can provide economic benefits from various sectors, such as financial technology (Fintech), circular economy, bioenergy, tourism, disaster management, higher education, business, and Small Medium Enterprises (SMEs), agriculture, and other industries. In this book, we examine the economic activities of other countries in Asia and Europe to explore how they can add value to the Indonesian economy. The majority of the content in this book is based on academic research conducted by 25 authors from 5 countries, including several European Professors.

The Globalization Paradox

The Globalization Paradox
Author: Dani Rodrik
Publisher: OUP Oxford
Total Pages: 442
Release: 2012-05-17
Genre: Political Science
ISBN: 0191634255

For a century, economists have driven forward the cause of globalization in financial institutions, labour markets, and trade. Yet there have been consistent warning signs that a global economy and free trade might not always be advantageous. Where are the pressure points? What could be done about them? Dani Rodrik examines the back-story from its seventeenth-century origins through the milestones of the gold standard, the Bretton Woods Agreement, and the Washington Consensus, to the present day. Although economic globalization has enabled unprecedented levels of prosperity in advanced countries and has been a boon to hundreds of millions of poor workers in China and elsewhere in Asia, it is a concept that rests on shaky pillars, he contends. Its long-term sustainability is not a given. The heart of Rodrik’s argument is a fundamental 'trilemma': that we cannot simultaneously pursue democracy, national self-determination, and economic globalization. Give too much power to governments, and you have protectionism. Give markets too much freedom, and you have an unstable world economy with little social and political support from those it is supposed to help. Rodrik argues for smart globalization, not maximum globalization.