77 results
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2. Analyses of FDI determinants in developing countries
- Author
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Kok, Recep and Acikgoz Ersoy, Bernur
- Published
- 2009
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3. Could developing countries take the benefit of globalisation?
- Author
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Hartungi, Rusdy
- Published
- 2006
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- View/download PDF
4. Reciprocal vs nonreciprocal trade agreements: Which have been best to promote exports?
- Author
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Gil-Pareja, Salvador, Llorca-Vivero, Rafael, and Martínez-Serrano, José Antonio
- Subjects
COMMERCIAL treaties ,ECONOMIC development ,TARIFF preferences ,GLOBALIZATION ,DEVELOPING countries - Abstract
The Doha Development Agenda recognizes the central role that international trade can play in the promotion of economic development. In fact, the increase of exports from developing countries to developed nations' markets has been considered a key element for developing countries to realize the potential benefits of globalization. Over the last decades, developed countries have provided preferential access to their markets to developing countries through nonreciprocal trade agreements. Moreover, developing countries have also participated in reciprocal trade agreements. This paper re-examines comparatively the effect of both kinds of trade agreements on exports from developing countries but also from the developed world. In line with other studies, our results across specifications are unstable. However, the results of our preferred specification give additional support to the argument raised by critics of nonreciprocal preference regimes who consider that developing countries should abandon their reliance on one-way trade preferences in favor of reciprocal agreements. [ABSTRACT FROM AUTHOR]
- Published
- 2019
- Full Text
- View/download PDF
5. China and global development: towards a Global-Asian Era?
- Author
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Henderson, Jeffrey
- Subjects
ECONOMIC conditions in China, 2000- ,GLOBALIZATION ,INTERNATIONAL trade ,BUSINESS enterprises ,GEOPOLITICS ,DEVELOPING countries ,ECONOMICS - Abstract
The rise of China as an economic and political 'driver' of the global economy may presage a new phase of globalization. This paper postulates the emergence of this new phase - a 'Global-Asian Era' (GAE) - as a 'working hypothesis'. It suggests that such an era is likely to be distinct from any of the earlier phases of globalization, and China's global footprint, in terms of its business, economic and political actions and their geopolitical implications, is likely to be markedly different from what has gone before. The paper sketches the reasons for these differences before turning to a discussion of the nature and dynamics of a possible future GAE. Paying particular attention to the developing world, the paper then explores some of the evidence that could be marshalled in support of the hypothesis. It outlines a series of vectors (trade, aid and energy security) along which it is possible to discern some of the ways in which an emergent GAE could be seen as impacting on the developing world. The paper argues that, at least for these vectors, a China-driven GAE is likely to provide dangers as well as opportunities for national development projects. [ABSTRACT FROM AUTHOR]
- Published
- 2008
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6. Labour Standards and the ‘Race to the Bottom’: Rethinking Globalization and Workers' Rights from Developmental and Solidaristic Perspectives.
- Author
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SINGH, AJIT and ZAMMIT, ANN
- Subjects
LABOR laws ,ECONOMIC development ,GLOBALIZATION ,ECONOMICS ,DEVELOPING countries - Abstract
There is a protracted stalemate between rich (the North) and poor (the South) countries over the question of minimum labour standards in developing economies. This paper is a sequel to Singh and Zammit (2000). It considers afresh key issues in the controversy. While fully recognizing the moral, political, and philosophical dimensions of this complex issue, the paper concentrates on the central economic question of the ‘race to the bottom’. It emphasizes the difficulties of establishing labour standards in the vast informal sectors in developing countries and suggests that the ILO conventions 87 and 98 should be amended to reflect properly these concerns. It also argues that ILO core conventions should be broadened to include the right to a decent living. The overall conclusion is that labour standards are important indicators of economic development, but their promotion is best achieved in a non-coercive and supportive international environment such as that provided by the ILO. [ABSTRACT FROM PUBLISHER]
- Published
- 2004
- Full Text
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7. Corporate social responsibility reporting in the mining sector of Tanzania.
- Author
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Lauwo, Sarah George, Otusanya, Olatunde Julius, and Bakre, Owolabi
- Subjects
SOCIAL responsibility of business ,DEVELOPING countries ,LOCAL government laws ,ECONOMICS - Abstract
Purpose – The purpose of this paper is to contribute to the ongoing debate on governance, accountability, transparency and corporate social responsibility (CSR) in the mining sector of a developing country context. It examines the reporting practices of the two largest transnational gold-mining companies in Tanzania in order to draw attention to the role played by local government regulations and advocacy and campaigning by nationally organised non-governmental organisations (NGOs) with respect to promoting corporate social reporting practices. Design/methodology/approach – The paper takes a political economy perspective to consider the serious implications of the neo-liberal ideologies of the global capitalist economy, as manifested in Tanzania’s regulatory framework and in NGO activism, for the corporate disclosure, accountability and responsibility of transnational companies (TNCs). A qualitative field case study methodology is adopted to locate the largely unfamiliar issues of CSR in the Tanzanian mining sector within a more familiar literature on social accounting. Data for the case study were obtained from interviews and from analysis of documents such as annual reports, social responsibility reports, newspapers, NGO reports and other publicly available documents. Findings – Analysis of interviews, press clips and NGO reports draws attention to social and environmental problems in the Tanzanian mining sector, which are arguably linked to the manifestation of the broader crisis of neo-liberal agendas. While these issues have serious impacts on local populations in the mining areas, they often remain invisible in mining companies’ social disclosures. Increasing evidence of social and environmental ills raises serious questions about the effectiveness of the regulatory frameworks, as well as the roles played by NGOs and other pressure groups in Tanzania. Practical implications – By empowering local NGOs through educational, capacity building, technological and other support, NGOs’ advocacy, campaigning and networking with other civil society groups can play a pivotal role in encouraging corporations, especially TNCs, to adopt more socially and environmentally responsible business practices and to adhere to international and local standards, which in turn may help to improve the lives of many poor people living in developing countries in general, and Tanzania in particular. Originality/value – This paper contributes insights from gold-mining activities in Tanzania to the existing literature on CSR in the mining sector. It also contributes to political economy theory by locating CSR reporting within the socio-political and regulatory context in which mining operations take place in Tanzania. It is argued that, for CSR reporting to be effective, robust regulations and enforcement and stronger political pressure must be put in place. [ABSTRACT FROM AUTHOR]
- Published
- 2016
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8. The new political economy of taxation in the developing world.
- Author
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Swank, Duane
- Subjects
ECONOMICS ,TAXATION ,VALUE-added tax ,INCOME inequality ,PUBLIC goods ,TAX reform ,DEVELOPING countries - Abstract
Concomitant with globalization, neoliberal tax reforms have spread across the globe since the early 1980s. In many countries, statutory rates, the number of tax brackets, and the incidence of tax allowances have been reduced for income taxes; in the developing world, international liberalization has also been associated with reduced revenues from trade taxes and increased pressures for expansion of the value added tax and income tax revenue intake. Yet, competition for mobile assets and new opportunities for tax avoidance potentially constrains taxation of corporate and personal income. Thus, contemporary conditions create especially severe challenges for the pursuit of greater income equality and enhanced public goods provision in developing nations. The present paper situates this special issue's contributions within the theoretical and empirical literatures that seek to explain contemporary changes in taxation. I argue that we know quite a lot about the tax effects of globalization, domestic politics, and their interaction in rich democracies; we know much less about how international forces and domestic factors influence tax reforms in the developing world. In this context, I highlight how each paper in this volume contributes to our understanding of the impacts of globalization and domestic politics on tax policy choices and, in turn, the challenges and opportunities for revenue mobilization in developing nations. [ABSTRACT FROM AUTHOR]
- Published
- 2016
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9. A tale of two ‘globalizations’: capital flows from rich to poor in two eras of global finance.
- Author
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Schularick, Moritz
- Subjects
CAPITAL movements ,DEVELOPING countries ,INTERNATIONAL cooperation on economic development ,GLOBALIZATION ,FOREIGN investments ,GROSS domestic product ,ECONOMICS - Abstract
In this paper we take a comparative look at the patterns of capital flows from rich to poor countries in two eras of financial globalization. The paper extends recent research on the developmental effects of international financial integration, long-term trends in capital mobility and ‘globalization in historical perspective’. Analysing the patterns of international financial integration in the three decades of the classical gold standard and after 1990 we show that investment in developing countries was a central element of 19th century financial globalization, but plays only a minor role today. The Lucas paradox of capital failing to flow from rich to poor has grown much stronger. In historical perspective, today's financial globalization is marked by massive diversification flows between high-income economies and a relative marginalization of less-developed economies. Copyright © 2006 John Wiley & Sons, Ltd. [ABSTRACT FROM AUTHOR]
- Published
- 2006
- Full Text
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10. Globalization: Welfare Distribution and Costs among Developed and Developing Countries.
- Author
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Roe, Terry, Somwaru, Agapi, and Xinshen Diao
- Subjects
GLOBALIZATION ,INTERNATIONAL economic relations ,ECONOMIC development ,DISTRIBUTION (Economic theory) ,WELFARE economics ,ECONOMICS ,PUBLIC spending ,ECONOMIC indicators ,DEVELOPING countries - Abstract
The scope of the paper is limited by focusing on developing countries in the context of the world economy. We mostly consider the effects of globalization on income levels and a country's rate of economic growth. This focus is supported by studies (Ravallion; Bourguignon) that find that the level of income and expenditures across a continuum of household income categories is positively associated with economic growth, although wealthy households may benefit more than those with lower income. [ABSTRACT FROM AUTHOR]
- Published
- 2006
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11. Globalization and Securing Rights for Women Informal Workers in Asia.
- Author
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Unni, Jeemol
- Subjects
GLOBALIZATION ,WOMEN'S rights ,INFORMAL sector ,LEGAL status of women ,DEVELOPING countries ,INTERNATIONAL trade - Abstract
The major paradigms of the development discourse have recently incorporated the language of rights. To move from the rhetoric of human rights to concretely elaborate the content of rights for informal workers, particularly women, in Asia is the purpose of this paper. Using a rights-based approach to development, the paper takes up the issue of gender-enabling worker rights in the context of developing economies that are increasingly open to external influences. A matrix of rights consisting of the right to work, broadly defined, safe work, minimum income and social security are identified as core issues for informal workers. Further, we focus attention on four specific groups of informal workers: self-employed independent producers and service workers, self-employed street vendors, dependent producers such as homeworkers and outworkers, and dependent wageworkers. Gender-sensitive micro-economic and macro-economic and social polices are identified for each of these segments of the informal workers. The access to economic, market and social reproduction needs are to be addressed simultaneously to ensure the basic matrix of rights for women informal workers in developing countries. Each of the needs of the workers have to be viewed as a right and a system of institutions or mechanisms that will help to bring these rights to the center of policy have to be worked out. The claim of women and informal workers for a voice in the macro policy decisions through representation at the local, national and international levels is at the heart of the rights-based approach. [ABSTRACT FROM AUTHOR]
- Published
- 2004
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12. The Impact of Internationalization on Home Country Charitable Donation: Evidence from Chinese Firms.
- Author
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Liu, Heng, Luo, Jin-hui, and Cui, Victor
- Subjects
GLOBALIZATION ,DEVELOPING countries -- Foreign economic relations ,ECONOMIC trends ,CHARITABLE giving ,ECONOMICS - Abstract
Does internationalization promote or inhibit home country charitable donation for firms from developing countries? This is an important question that remains poorly studied. This paper aims to address this question by focusing on Chinese internationalizing firms. We maintain that while broadening overseas markets brings financial returns to Chinese firms, their domestic charitable donation may decrease with the level of internationalization. Drawing on the resource dependence theory, we argue that the more Chinese firms depend on overseas sales, the less important domestic stakeholders are for their survival, and therefore they are less likely to make charitable donations within China. Further, we maintain that this negative relationship between internationalization and home country charitable donation is attenuated by Chinese firms’ state-ownership. This is because state-ownership provides the firms with alternative sources of critical resources that alleviate their dependence on the international markets. We tested and supported our theory using data collected from all public firms in China between 2008 and 2012. Theoretical and policy implications are provided. [ABSTRACT FROM AUTHOR]
- Published
- 2018
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13. Foreign direct investment in the health care sector and most-favoured locations in developing countries.
- Author
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Outreville, J. François and Outreville, J François
- Subjects
FOREIGN investments ,MEDICAL care ,INTERNATIONAL business enterprises ,BUSINESS enterprises ,DEVELOPING countries ,INDUSTRIES & economics ,BUSINESS & economics ,HEALTH services administration ,ACQUISITION of property ,INTERNATIONAL relations ,ECONOMICS - Abstract
Given the growing importance of the health care sector and the significant development of trade in health services, foreign direct investment (FDI) in this sector has gathered momentum with the General Agreement on Trade in Services. Despite extensive case based research and publications in recent years on health care markets and the rise of private sectors, it is surprisingly difficult to find evidence on the relative importance of the largest multinational corporations (MNCs) operating in the health care sector. The objective of the paper is to identify some of the determinants of foreign investment of the largest MNCs operating in this industry. The list of the largest MNCs has been compiled using company websites and data is available for 41 developing economies for which at least two MNCs have an office (branch and/or affiliate). The results of this study have some important implications. They indicate that location-specific advantages of host countries, including good governance, do provide an explication of the internationalization of firms in some developing countries rather than others. [ABSTRACT FROM AUTHOR]
- Published
- 2007
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14. Global capitalism and major corporations from the Third World.
- Author
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Sklair, Leslie and Robbins, Peter T.
- Subjects
CAPITALISM ,INTERNATIONAL business enterprises ,ECONOMICS ,GLOBALIZATION ,DEVELOPING countries - Abstract
Most major transnational corporations (TNCs) are domiciled in the First World and are owned and controlled largely by citizens of these countries. On the basis of an analysis of the largest corporations outside the USA by revenues published annually by Fortune magazine since the 1950s, this paper demonstrates that there have been major corporations from the Third World for decades. Most of the literature on Third World TNCs concentrates on the large number of relatively small companies that have operations abroad in low technology sectors. The argument of this paper is that systematic study of major corporations from the Third World is important for debates about the national bourgeoisie, comprador capitalism and the controversy that currently surrounds the contentious concepts of the developmental state and globalization. [ABSTRACT FROM AUTHOR]
- Published
- 2002
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15. Global Economic Integration in Developing Countries: The Role of Corruption and Human Capital Investment.
- Author
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Bryant, Charles and Javalgi, Rajshekhar
- Subjects
INTERNATIONAL economic integration ,HUMAN capital ,GLOBALIZATION ,FOREIGN investments ,INTERNATIONAL trade ,INTERNATIONAL economic relations ,CORRUPTION ,DEVELOPING countries ,ECONOMICS - Abstract
Globalization is multifaceted and involves the interaction among businesses, services, governments, and societies beyond national borders. As a result, the flow of foreign direct investment (FDI), international trade in goods and services, and the economic interdependence of the nations of the world have been increasing. At the same time, much attention has been paid to the effect of corruption prevalent within many cultures and societies, and its impact on the economies, especially developing economies. This paper examines the relationship between human capital investment, the level of national corruption, and the global economic integration (GEI) of a nation in developing countries. Based on the data collected from over 60 countries, and building on the FDI and human capital theories, it was found that human capital investment and corruption are related to GEI. It was also found that the level of corruption moderates the relationship between human capital investment and GEI of developing economies. The findings of the study can help to deepen our understanding of GEI and have practical implications for developing countries in terms developing human capital, which plays a critical role in today's knowledge-based economy. [ABSTRACT FROM AUTHOR]
- Published
- 2016
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16. Abstracts.
- Subjects
REGIONAL economics ,SOCIAL adjustment ,REGIONAL planning ,CITIES & towns ,URBAN planning literature - Abstract
The article presents abstracts on planning literature which include approaches to empirical work in regional economics, understanding the barriers to social adaptation, and management of large city regions.
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- 2011
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17. Globalisation, informalisation and the state in the Indian garment industry.
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Mezzadri, Alessandra
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CLOTHING industry ,GLOBALIZATION ,DEVELOPING countries ,INFORMAL sector ,CAPITAL ,ECONOMICS - Abstract
Globalisation has affected the industrial trajectories of developing countries, producing an increasing disarticulation between the management of production and regimes of labour control. While production regimes have been projected into the global arena, labour regimes have remained apparently anchored to regulatory mechanisms provided by local social structures, and gone through increasing processes of informalisation. Examining the case of the Indian garment sector, this paper argues that the informalisation of labour should not be conceived as necessarily taking place 'in the shadow of the state'. In fact, in the case presented here, the state was a strong active agency behind the process of informalisation, which it supported through formal policies and through its progressive alignment with the interests of capital. [ABSTRACT FROM AUTHOR]
- Published
- 2010
- Full Text
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18. The Dynamics of Democracy and Direct Investment: An Empirical Analysis*.
- Author
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Doces, John A
- Subjects
FOREIGN investments ,DEMOCRACY -- Economic aspects ,GLOBALIZATION ,POLITICAL economic analysis ,CAPITAL movements ,DEVELOPING countries ,ECONOMICS - Abstract
Why do foreign direct investment (FDI) inflows largely bypass the developing world? The objective of this article is to study this question by focusing on the effect of an increase in the level of democracy on FDI inflows into developing countries. An increase in the level of democracy provides the right macro and micro conditions for larger FDI inflows. The econometric results indicate that a one standard deviation increase in the level of democracy is associated with increased FDI inflows. My empirical findings support a direct relationship between enhanced levels of democracy and FDI inflows, and the results call into question the idea that developing countries receive less capital inflows if they choose to democratize. Moreover, a reanalysis of Li and Resnick's influential 2003 paper essentially overturns their findings in support of a direct association between an increase in the level of democracy and greater FDI inflows. [ABSTRACT FROM AUTHOR]
- Published
- 2010
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19. EMERGING TRENDS OF HIGHER EDUCATION IN DEVELOPING COUNTRIES.
- Author
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Rena, Ravinder
- Subjects
DEVELOPING countries ,HIGHER education & economics ,GLOBALIZATION ,ECONOMIC activity ,EDUCATION policy ,HUMAN capital ,INTERNATIONAL relations ,ECONOMICS ,CIVILIZATION - Abstract
Quality in Higher Education has become a primary agenda of the countries worldwide. In the context marked by expansion of higher education and globalization of economic activities, education has become a national concern in developing countries with an international dimension. To cope with this changing context, developing countries have been pressurized to ensure and assure quality of higher education at a nationally comparable and internationally acceptable standard. It is generally acknowledged that globalization has created tremendous impacts on higher education in this first decade of twenty-first century. Externally, there have been unprecedented changes both at global and national context. The benefits of globalisation accrue to the countries with highly skilled human capital and it is a curse for the developing countries in Africa, Asia, Latin America and Caribbean without such specialised human capital. This paper delves the recent trends of higher education in developing countries. It addresses the various challenges of higher education in the developing countries in the context of 21st century. Besides, the paper examines the response of higher education to globalization in developing countries and discusses the major challenges that the globalization brought to higher education. [ABSTRACT FROM AUTHOR]
- Published
- 2010
20. HUMAN CAPITAL DEVELOPMENT AND ITS IMPACT ON FIRM PERFORMANCE: EVIDENCE FROM DEVELOPMENTAL ECONOMICS.
- Author
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MARIMUTHU, Maran, AROKIASAMY, Lawrence, and ISMAIL, Maimunah
- Subjects
HUMAN capital ,GLOBALIZATION ,ECONOMICS ,DEVELOPING countries ,ECONOMIC development - Abstract
Human capital is getting wider attention with increasing globalization and also the saturation of the job market due to the recent downturn in the various economies of the world. Developed and developing countries put emphases on a more human capital development towards accelerating the economic growth by devoting necessary time and efforts. Thus human capital development is one of the fundamental solutions to enter the international arena. Specifically, firms must invest necessary resources in developing human capital which tend to have a great impact on performance. This paper examines the extent to which human capitals have direct impacts on firm performance from various critical perspectives. Firm performance is viewed in terms of financial and non-financial performance. Finally, this paper develops a model that explains the relationship between human capital and firm performance. [ABSTRACT FROM AUTHOR]
- Published
- 2009
21. Abstracts.
- Subjects
URBAN planning ,LAND use planning ,PUBLIC spaces ,URBAN land use - Abstract
This section presents abstracts of papers on city planning published from 2007 to 2008, including "Streets, Sounds and Identity in Inter-war Harlem," by Clare Corbould, "(Re)making the Other, Heterosexualising Everyday Space," by Kath Browne, and "Rankings and Reactivity: How Public Measures Recreate Social Worlds," by Wendy Nelson Espeland and Michael Sauder.
- Published
- 2008
- Full Text
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22. GLOBALIZATION, EMPLOYMENT AND AGRICULTURE.
- Subjects
GLOBALIZATION ,ECONOMIC globalization ,AGRICULTURE ,INDUSTRIALIZATION ,DEVELOPING countries ,ECONOMICS - Abstract
Information about several papers discussed at a forum held during June 16-19, 2016 in Punjabi University, Patiala, India, on globalization, employment, and agriculture is presented. Topics include the effect of economic globalization on agriculture and employment, industrialization as agriculture in developing countries, and ways to increase employment.
- Published
- 2016
- Full Text
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23. Building on the Canadian approach to resolve the stalemate on the trade and environment agenda in the World Trade Organization
- Author
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Dagne, Teshager
- Published
- 2009
- Full Text
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24. A decade of second home tourism research in South Africa: research prospects for the developing world?
- Author
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Visser, Gustav and Hoogendoorn, Gijsbert
- Subjects
SECOND homes ,TOURISM ,EMIGRATION & immigration ,GLOBALIZATION ,SOUTH African social conditions ,ECONOMICS ,DEVELOPING countries - Abstract
It has been 10 years since second home tourism emerged as a topic of investigation in South Africa. A number of book chapters, articles, masters and PhD theses have appeared, focusing on the economic, social and environmental impacts of second home tourism. From these core investigations, new themes have emerged such as methodological challenges, the consequences of second home tourism for town and regional planning and the place of second homes in the South African post-productivist countryside. Issues relating to personal mobility and (inter)national migration of different population groups across varied income levels have also been scrutinised. Despite a decade of dedicated inquiry, much research is still required to understand this phenomenon fully within the South African context. Furthermore, investigators need to acknowledge the role of second home tourism as a potential driver for many tourist regions. [ABSTRACT FROM PUBLISHER]
- Published
- 2015
- Full Text
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25. Does financial globalization promote risk sharing?
- Author
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Kose, M. Ayhan, Prasad, Eswar S., and Terrones, Marco E.
- Subjects
Developing countries ,Globalization ,Emerging markets ,Development banks ,Liability (Law) ,Business ,Economics - Abstract
To link to full-text access for this article, visit this link: http://dx.doi.org/10.1016/j.jdeveco.2008.09.001 Byline: M. Ayhan Kose (a), Eswar S. Prasad (b), Marco E. Terrones (a) Keywords: Financial globalization; Consumption risk sharing; Emerging markets Abstract: In theory, one of the main benefits of financial globalization is that it should allow for more efficient international risk sharing. In this paper, we provide an empirical evaluation of the patterns of risk sharing among different groups of countries and examine how international financial integration has affected the evolution of these patterns. Using a variety of empirical techniques, we conclude that there is at best a modest degree of international risk sharing, and certainly nowhere near the levels predicted by theory. In addition, only industrial countries have attained better risk sharing outcomes during the recent period of globalization. Developing countries have, by and large, been shut out of this benefit. Even emerging market economies, many of which have reduced capital controls and all of which have witnessed large increases in cross-border capital flows, have seen little change in their ability to share risk. We find that the composition of flows may help explain why emerging markets have not been able to realize this presumed benefit of financial globalization. In particular, our results suggest that portfolio debt, which had dominated the external liability stocks of most emerging markets until recently, is not conducive to risk sharing. Author Affiliation: (a) Research Department, International Monetary Fund, United States (b) Cornell University and Brookings Institution, United States Article History: Received 5 June 2007; Revised 29 August 2008; Accepted 2 September 2008 Article Note: (footnote) [star] Earlier versions of this paper were presented at the 2006 IMF Annual Research Conference, the January 2007 AEA meetings, the 2007 IMF-Cornell conference on 'New Perspectives on Financial Globalization,' workshops at the Bank of England, Inter-American Development Bank and the ECB-Bundesbank Joint Seminar Series. We would like to thank the editors, Gordon Hanson and Enrique Mendoza, and two anonymous referees for helpful comments that significantly improved the paper. We are grateful to our discussants, Jonathan Heathcote and Bent SA[cedilla]rensen, for their helpful suggestions. We also thank Karen Lewis, Fabrizio Perri and seminar participants for helpful comments. Dionysios Kaltis and Yusuke Tateno provided able research assistance. The views expressed in this paper are those of the authors and do not necessarily reflect the views of the IMF or IMF policy.
- Published
- 2009
26. Globalization and financial development
- Author
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Mishkin, Frederic S.
- Subjects
Developing countries ,Globalization ,Business ,Economics - Abstract
To link to full-text access for this article, visit this link: http://dx.doi.org/10.1016/j.jdeveco.2007.11.004 Byline: Frederic S. Mishkin Keywords: Globalization; Financial development; Trade liberalization; Economic growth; Institutional reform Abstract: This paper argues that globalization is a key factor in stimulating institutional reforms in developing countries that promote financial development and economic growth. Advanced countries can help in this process by supporting the opening of their markets to goods and services from emerging-market countries. By encouraging these countries to increase their participation in global markets, advanced countries can create exactly the right incentives for developing countries to implement the reforms that will enable them to have high economic growth. Author Affiliation: Board of Governors of the Federal Reserve System, United States Article History: Received 2 May 2007; Revised 10 October 2007; Accepted 11 November 2007 Article Note: (footnote) [star] This paper is based on a speech at the New Perspectives on Financial Globalization Conference at the International Monetary Fund in Washington, D.C. on April 26, 2007. I thank Steve Kamin and Shaghil Ahmed for their comments and assistance on this paper. Note that the opinions expressed here are my own and not necessarily those of my colleagues on the Federal Open Market Committee (FOMC).
- Published
- 2009
27. The Global Production of Transportation Public-Private Partnerships.
- Author
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Siemiatycki, Matti
- Subjects
PUBLIC-private sector cooperation ,URBAN transportation ,TRANSPORTATION industry ,GOVERNMENT regulation ,ROAD construction ,GEOPOLITICS ,PUBLIC works ,PUBLIC administration ,ECONOMIC development ,DEVELOPED countries ,ECONOMIC policy ,DEVELOPING countries ,ECONOMICS ,GOVERNMENT policy - Abstract
Around the world, public-private partnerships have become increasingly popular to deliver large-scale transportation infrastructure projects such as roads, bridges, railways, subways, seaports and airports. The aim of this article is to provide a framework to understand the global geography of projects built through this market-driven procurement model, which have been predominantly concentrated in a small number of developed countries and emerging markets. As is shown, within many countries, a governance and regulatory environment has been established that supports public-private partnerships over other alternative procurement approaches. Nevertheless, the production of public-private partnerships worldwide has been dominated by a relatively small number of highly globalized construction contractors, engineering firms, financiers, accountancies and consultants from developed countries, who have focused their activities in a narrow set of regions. The article concludes by reflecting on the implications of the high level of industry concentration, and emerging trends showing greater involvement from firms from developing countries. Resumé À travers le monde, les partenariats public-privé sont de plus en plus utilisés pour les projets d'infrastructure de transports de grande envergure, tels que routes, ponts, voies ferrées, métros, ports et aéroports. Cet article définit un cadre permettant de comprendre la géographie planétaire des projets bâtis selon ce modèle orienté par le marché, projets concentrés dans un petit nombre de pays développés et émergents. Les régimes de gouvernance et la réglementation mis en place dans de nombreux pays favorisent les partenariats public-privé au détriment d'autres approches de réalisation de projets. Néanmoins, la production de ces partenariats dans le monde a été dominée par un nombre relativement réduit d'entreprises de bâtiment et d'ingénierie, de bailleurs de fonds, de cabinets de comptabilité et de conseils, acteurs installés dans des pays développés et dont les activités internationalisées s'exercent sur un ensemble restreint de régions. La conclusion aborde les conséquences d'une forte concentration industrielle et l'apparition d'une implication croissante des entreprises des pays en développement. [ABSTRACT FROM AUTHOR]
- Published
- 2013
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28. THIRD WORLD/GLOBAL SOUTH: FROM MODERNIZATION, TO DEPENDENT/LIBERATION, TO POSTDEVELOPMENT.
- Author
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Litonjua, M. D.
- Subjects
- *
GLOBALIZATION , *INCOME inequality , *HISTORY , *ECONOMICS ,ECONOMIC conditions in developing countries ,DEVELOPING countries - Abstract
The author argues that there are three significant stages in the efforts of Third World/Global South development history as of Spring 2012. The article attempts to identify continuities and discontinuities within those three stages. The paper reviews the history of development in Third World/Global South areas following the end of World War II, the decolonization of African countries in the 1960s, and membership in the United Nations (UN). It also discusses modernization efforts in developing countries and the concepts of dependency and liberation. It mentions the efforts of the Alliance for Progress established by the late U.S. president John F. Kennedy in 1961, the debt crisis among Third World countries in the 1970s, and the role of the International Monetary Fund (IMF).
- Published
- 2012
29. Abstracts.
- Subjects
MENSTRUATION ,SEXUAL fantasies ,FEMINISM ,HISTORY - Abstract
The article presents abstracts on topics related to history and planning including attitudes towards menstruation in Elizabethan England, sexual fantasy in modern America, and feminism.
- Published
- 2010
- Full Text
- View/download PDF
30. The Dynamics of Democracy and Direct Investment: An Empirical Analysis*.
- Author
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Doces, John A
- Subjects
- *
FOREIGN investments , *DEMOCRACY -- Economic aspects , *GLOBALIZATION , *POLITICAL economic analysis , *CAPITAL movements , *ECONOMICS ,DEVELOPING countries - Abstract
Why do foreign direct investment (FDI) inflows largely bypass the developing world? The objective of this article is to study this question by focusing on the effect of an increase in the level of democracy on FDI inflows into developing countries. An increase in the level of democracy provides the right macro and micro conditions for larger FDI inflows. The econometric results indicate that a one standard deviation increase in the level of democracy is associated with increased FDI inflows. My empirical findings support a direct relationship between enhanced levels of democracy and FDI inflows, and the results call into question the idea that developing countries receive less capital inflows if they choose to democratize. Moreover, a reanalysis of Li and Resnick's influential 2003 paper essentially overturns their findings in support of a direct association between an increase in the level of democracy and greater FDI inflows. [ABSTRACT FROM AUTHOR]
- Published
- 2010
- Full Text
- View/download PDF
31. FEMINIST MOVEMENTS IN GLOBAL PERSPECTIVE UNITED NATIONS & THE RIGHTS OF THE WOMEN.
- Author
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Emmanuel, Anniamma
- Subjects
GENDER inequality ,WOMEN'S rights ,FEMINISM ,PRIVATIZATION ,FINANCIAL liberalization ,GLOBALIZATION ,ECONOMICS ,DEVELOPED countries ,DEVELOPING countries - Abstract
Gender equality, gender justice. women's empowerment, women's participation and many more are the terms that have become watchwords in the twenty-first century. A century in which liberalization, privatization and globalization, the weapons of developed countries, have invaded the politico-economic structure of the least developed, underdeveloped and developing countries. In this era of neo-political economy, with increasing marginalization, the potent victims are the weaker and the vulnerable sections of the society, as these groups are still not the fittest to survive. The loss of employment caused by globalization hits women most. Poverty has become feminized. Women have been underprivileged in many ways. In the unorganized sector, women working as maid servants and women working in agriculture, weaving and such other fields are mostly illiterate and do not have enough food. In the organized sectors where women's work is acknowledged, it is undervalued. Managers are reluctant to empower women with modern tools. The UN Year of women and the years that followed have brought about a welcome change in the attitude towards women. This paper deals with a brief history of feminist awakening and movements in global scenario, the United Nations and the Rights of Women, International Women's year and United Nations Decade for Women and the Five World Conferences on Women. [ABSTRACT FROM AUTHOR]
- Published
- 2010
32. COMMENTS ON FACTOR PRICES AND INCOME DISTRIBUTION IN LESS INDUSTRIALISED ECONOMIES, 1870–1939: REFOCUSING ON THE FRONTIER.
- Author
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Harley, Knick
- Subjects
GLOBALIZATION ,PRICES ,INCOME inequality ,DEVELOPING countries ,HECKSCHER-Ohlin-Samuelson model ,HECKSCHER-Ohlin principle ,INTERNATIONAL trade ,ECONOMIC development ,ECONOMICS - Abstract
A great deal of the current research into nineteenth- and twentieth-century globalisation has been focused through a neoclassical trade theory lens. Applying the Stopler-Samuelson paradigm from Heckscher-Ohlin trade theory, the result is an approach that sees price convergence as pivotal in defining, identifying, and measuring globalisation. This focus, however, obscures the implications of frontier incorporation and other insights achieved by viewing nineteenth-century globalisation as a mechanism whereby peripheral economies were incorporated into the core of organised economic activity. A frontier-centred perspective also reintroduces the role of economic institutions as a crucial element of economic growth and development. [ABSTRACT FROM AUTHOR]
- Published
- 2007
- Full Text
- View/download PDF
33. El florecimiento humano como mirador iconoclasta ante la mundialización de la pobreza.
- Author
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Arizmendi, Luis
- Subjects
CYNICS (Greek philosophy) ,GLOBALIZATION ,POVERTY ,NEOLIBERALISM ,STATE power ,DEVELOPING countries ,TECHNOLOGICAL revolution ,NATIONAL self-determination ,WHOLE & parts (Philosophy) ,ECONOMICS ,ETHICS - Abstract
Copyright of Desacatos is the property of Centro de Investigaciones y Estudios Superiores en Antropologia Social and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2007
34. The great Chinese transformation: From the third to the first world.
- Author
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Kolodko, Grzegorz W.
- Subjects
DEVELOPING countries ,DEVELOPED countries ,ECONOMICS ,ECONOMIC systems ,CHINESE people - Abstract
In the era of irreversible globalisation, the worldwide economic and political rules of play must take into account of the growing importance of China. Rather than fight the country, one should pragmatically cooperate on solving the mounting global problems. Contemporarily, both China should adapt to the external world and the world itself should adapt to China. There is no possibility of imposing on it a model developed elsewhere, especially that these days liberal democracy is experiencing a systemic crisis in many countries. Neither is there a chance to impose the Chinese model on others, though it seems tempting to a country; it is not an exportable 'commodity,' but its elements may prove useful elsewhere. China is not aiming for global domination; instead, it is consistently integrating with the world to maintain its own development. The only reasonable way forward is thorough observation, mutual learning and pragmatic collaboration based on the non-orthodox economic thought. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
- View/download PDF
35. Rising Income Inequality: Technology, or Trade and Financial Globalization?
- Author
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JAUMOTTE, FLORENCE, LALL, SUBIR, and PAPAGEORGIOU, CHRIS
- Published
- 2013
36. Marketing in the New International Economic Order.
- Author
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van Dam, André
- Subjects
INTERNATIONAL economic relations ,MARKETING ,INTERNATIONAL trade ,SCARCITY ,DEVELOPING countries ,GLOBALIZATION ,INTERNATIONAL organization ,INTERNATIONAL cooperation ,INCOME gap ,ECONOMICS - Abstract
The article discusses the state of the New International Economic Order (NIEO) and its effects on the field of marketing at the time of publication. According to the author, the NIEO is a strategy developed and adopted by the United Nations to attempt to help the regions of Asia, Latin America and Africa play a more active role in the global economy. The author presents a number of arguments posed by proponents of the initiative, including the interdependence of consumers and producers and the idea that world peace requires that the gap between wealthy and poor nations be narrowed.
- Published
- 1977
- Full Text
- View/download PDF
37. The View From Orthodoxy: Point/Counterpoint on Globalization and Human Rights.
- Author
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Schuftan, Claudio
- Subjects
INTERNATIONAL relations -- Psychological aspects ,INTERNATIONAL relations ,HUMAN rights ,DEVELOPING countries ,DEVELOPED countries ,ECONOMICS - Abstract
The long-term trend of globalization masks a frank deterioration of the situation of the have-nots. Since 1970, polarization has grown faster than inequality, with alarming consequences for human rights and the economy overall. Globalization has continued to enrich the few at the expense of providing a decent livelihood and respecting the human rights of the many. Industrialized countries continue to be the rule makers—poor countries the rule takers. Rich countries go for growth, but an inequality-entrenching growth that brings about human rights violations and poverty. In many developing economies, income inequality and the violation of human rights have clearly increased over the past 3 decades. Discriminated losers have been fighting globalization before it had a name; they still are. Globalization has thus actually resulted in greater income inequality plus human rights violations and disrupted lives. Globalization may well be a finished project. We must remind our respective governments that they have the power to improve working people’s lives so that they, once and for all, address the needs of those who lose out from technological change and globalization. Otherwise, our political problems will only deepen. [ABSTRACT FROM AUTHOR]
- Published
- 2018
- Full Text
- View/download PDF
38. Quality, competitiveness and development in Sub‐Saharan Africa
- Author
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Mersha, Tigineh
- Published
- 2000
- Full Text
- View/download PDF
39. Do international non-governmental organizations inhibit globalization? The case of capital account liberalization in developing countries.
- Author
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Pinheiro, Diogo, Chwieroth, Jeffrey M., and Hicks, Alexander
- Subjects
NONGOVERNMENTAL organizations ,GLOBALIZATION ,FINANCIAL liberalization ,DEVELOPING countries ,ECONOMICS ,CIVIL society ,SOCIETY of Friends & international relations - Abstract
Why do countries liberalize capital controls? The literature identifies a range of possible reasons. Yet, despite considerable advances, the impact of international non-governmental organizations has yet to be considered. In fact, surprisingly, systematic analysis of the role of international non-governmental organizations in the diffusion of economic openness, financial or otherwise, has not been pursued previously. We offer the first such analysis by advancing the idea of ‘climatic mimesis,’ which refers to the cultural climate for policymaking that results from country ties to international non-governmental organizations. International non-governmental organizations shape capital account regulation by altering the cultural climate in a country such that liberalization becomes a more problematic policy choice. Our statistical analysis of data from developing countries reveals that international non-governmental organization ties inhibited liberalization, as did relatively high public debt and concentrated domestic banking sectors. The presence of an International Monetary Fund program and liberalization by economic competitors encouraged it. We suggest that these findings have important implications for understanding the potential for convergence and divergence in an era of globalization. [ABSTRACT FROM PUBLISHER]
- Published
- 2015
- Full Text
- View/download PDF
40. The role of global cities in land grabs.
- Author
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Leon, Joshua K.
- Subjects
ECONOMIC conditions in cities & towns ,URBANIZATION ,GLOBALIZATION ,ECONOMIC development ,LAND use ,ECONOMIC geography ,ECONOMICS ,DEVELOPING countries - Abstract
Key trends link a globally connected urban archipelago and its hinterlands, warranting new studies of power in its most contemporary forms. This article locates land power and where that power is exercised – looking at the burgeoning global land rush from the perspective of cities. Urbanisation continues to drive vast political transitions, uprooting longstanding agrarian modes of living while creating myriad inequalities within cities. Are the world’s most powerful agglomerations active agents in this transformation? Answering affirmatively, the article reframes urbanisation as a vast, global geopolitical transfer of power from rural to urban. Leading global cities like New York, London, Hong Kong, Chicago and Singapore are not merely impressive collections of factor endowments. They are also sites of concentrated power with coercive influences beyond municipal boundaries. The article asks how cities project power in the contemporary global system. Juxtaposing data on global connectivity with the location strategies of private firms, we learn that the world’s most successful global cities are also sources of exploitative accumulations of land. [ABSTRACT FROM PUBLISHER]
- Published
- 2015
- Full Text
- View/download PDF
41. Globalization Shuffles Cards of the World Pack: In Which Direction is the Global Economic-Political Balance Shifting?
- Author
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Grinin, Leonid and Korotayev, Andrey
- Subjects
ECONOMIC globalization ,FINANCIAL globalization ,INTERNATIONAL competition ,INTERNATIONAL relations ,INTERNATIONAL markets ,ECONOMICS - Abstract
The article offers forecasts of the geopolitical and geo-economic development of the world in the forthcoming decades. One of the main accusations directed toward globalization is that it deepens the gap between the developed and developing countries dooming them to eternal backwardness. The article demonstrates that the actual situation is very different. It is shown that this is due to the globalization that the developing countries are generally growing much faster than the developed states, the World System core starts weakening and its periphery begins to strengthen. At the same time there is a continuing divergence between the main bulk of developing countries and the group of the poorest developing states. The article also explains why the globalization was bound to lead to the explosive rise of many developing countries and the relative weakening of the developed economies. In the forthcoming decades this trend is likely to continue (although, of course, not without certain interruptions). It is also demonstrated that this convergence constitutes a necessary condition for the next technological breakthrough. This has important implications for the hegemony debates. A rather popular theory of hegemony cycles implies that the eclipse of the global hegemony of the United States should be followed by the emergence of a new global hegemon. This generates the dichotomy of the two main current points of view—either the United States will continue the global leadership in the forthcoming decades, or it will be replaced by China in this capacity. We do not find the study of the future within this dichotomy fruitful. We believe that in a direct connection with the development of globalization processes the hegemony cycle pattern is likely to come to its end, which will lead to the World System reconfiguration and the emergence of its new structure that will allow the World System to continue its further development without a hegemon. [ABSTRACT FROM AUTHOR]
- Published
- 2014
- Full Text
- View/download PDF
42. LAS EMPRESAS TRANSNACIONALES Y LOS PAÍSES EN DESARROLLO.
- Author
-
Romero, Alberto and Colina, Mary Analí Vera
- Subjects
FOREIGN investments ,INTERNATIONAL business enterprises ,INTERNATIONAL division of labor ,ECONOMIC globalization ,ECONOMICS ,DEVELOPING countries - Abstract
Copyright of Tendencias: Revista de la Facultad de Ciencias Económicas y Administrativas is the property of Universidad de Narino, Facultad de Ciencias Economics y Administrativas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2014
- Full Text
- View/download PDF
43. The Ethics of Intellectual Property Rights in an Era of Globalization.
- Author
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Shah, Aakash Kaushik, Warsh, Jonathan, and Kesselheim, Aaron S.
- Subjects
INTELLECTUAL property ,COMMERCIAL treaties ,AGREEMENT on Trade-Related Aspects of Intellectual Property Rights (1994) ,LAW & ethics ,NATURAL law ,GLOBALIZATION ,PATENTS ,COPYRIGHT ,DEVELOPING countries ,INTERNATIONAL business enterprises ,PHARMACEUTICAL industry ,PROFIT ,PUBLIC health ,PHARMACY ,DEVELOPED countries ,ETHICS ,ECONOMICS - Abstract
Since the 1980s, developed countries, led by the United States and the countries of the European Union, have sought to incorporate intellectual property rights provisions into global trade agreements. These countries successfully negotiated the World Trade Organization's 1994 Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS), which required developing countries to adopt intellectual property provisions comparable to developed countries. In this manuscript, we review the policy controversy surrounding TRIPS and examine the two main ethical arguments articulated in its support - a theory of natural rights and a utilitarian argument. We contend that these theories provide insufficient bases for an intellectual property rights regime that compromises access to essential medicines in the developing world. While the policy community has engaged in active debate around the policy effects of TRIPS, scholars have not thoroughly considered the full ethical underpinnings of those policy arguments. We believe that a more robust understanding of the ethical implications of the agreement should inform policy discussions in the future. [ABSTRACT FROM AUTHOR]
- Published
- 2013
- Full Text
- View/download PDF
44. Globalization and rural poverty
- Author
-
Bardhan, Pranab
- Subjects
Developing countries ,Globalization ,Business, international ,Economics ,International relations - Abstract
To link to full-text access for this article, visit this link: http://dx.doi.org/10.1016/j.worlddev.2005.10.010 Byline: Pranab Bardhan Keywords: absolute poverty; self-employed; wage employed; trade liberalization; globalization Abstract: In this paper, we provide an analytical account of the mechanisms through which globalization, in the sense of increased foreign trade and long-term capital flows, affects the lives of the rural poor in developing countries (in their capacity as workers, consumers, recipients of public services, or users of common property resources). Globalization can not only cause many hardships for the rural poor, but it can also open up some opportunities which some countries can utilize and others do not, largely depending on their domestic political and economic institutions, and the net outcome is often quite complex and almost always context dependent, belying the glib pronouncements for or against globalization made in the opposing camps. Author Affiliation: University of California at Berkeley, USA Article History: Accepted 20 October 2005
- Published
- 2006
45. The IMF, Domestic Public Sector Banks, and Currency Crises in Developing States.
- Author
-
Mukherjee, Bumba and Bagozzi, BenjaminE.
- Subjects
CURRENCY crises ,FOREIGN exchange rates ,ECONOMICS ,GLOBALIZATION ,DEVELOPING countries - Abstract
The stabilization programs of the International Monetary Fund (IMF)—which are often designed to prevent currency crashes and promote exchange rate stability—frequently fail to prevent currency crises in program-recipient developing countries. This leads to the following puzzle: when do IMF programs fail to prevent currency crises in developing states that turn to the Fund for assistance? We suggest that the likelihood that a currency crisis may occur under an IMF program depends on the market concentration of public sector banks in program-participating developing countries: the higher the market concentration of public banks in a program recipient nation, the more likely that the IMF program will be associated with a currency crisis. Specifically, if the market concentration of public banks in a program-participating developing country is high, then banks will compel the government to renege on its commitment to implement banking sector reforms. This induces a financial panic among investors that leads to a currency crisis. Statistical tests from a sample of developing countries provide robust support for our hypothesis. [ABSTRACT FROM AUTHOR]
- Published
- 2013
- Full Text
- View/download PDF
46. UNA GLOBALIZACIÓN COMERCIAL ACOMPAÑADA DE UNA NUEVA DISTRIBUCIÓN CARTOGRÁFICA.
- Author
-
Salama, Pierre
- Subjects
DEVELOPING countries ,ECONOMIC development ,FREE trade ,ECONOMIC globalization ,ECONOMIC development research ,ECONOMICS - Abstract
Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2012
47. Globalization and Population: International Trade and the Demographic Transition.
- Author
-
Doces, JohnA.
- Subjects
INTERNATIONAL trade -- Social aspects ,ECONOMIC globalization -- Developing countries ,BIRTH rate ,DEMOGRAPHIC research ,QUANTITATIVE research ,ECONOMIC development ,ECONOMIC development & politics ,HUMAN capital ,DEVELOPING countries ,ECONOMICS - Abstract
I study the effect of international trade on birth rates across a large number of countries. A supply-demand model of the birth rate explains that a rise in international trade reduces the demand for children and encourages an earlier onset of the mortality revolution. These two effects caused by the rise of international trade lead to a lower birth rate. A time-series cross-section empirical analysis for a large sample of developed and developing countries exhibits that international trade has a statistically significant and inverse effect on the birth rate. The policy implications relating to trade, economic growth, and conflict are discussed in the conclusion. [ABSTRACT FROM AUTHOR]
- Published
- 2011
- Full Text
- View/download PDF
48. Abstracts.
- Subjects
VOTING ,CIVIL rights movements ,LAND use ,TRANSPORTATION - Abstract
The article presents abstract on planning including a micro-level analysis of the Black voting during the civil rights movement, the influence of land-use planners on flood hazard mitigation and the use on public transport timetable data into health care accessibility modelling.
- Published
- 2010
- Full Text
- View/download PDF
49. Abstracts.
- Subjects
URBAN planning ,WATERFRONTS ,PLANNING ,CENSUS - Abstract
The article presents abstracts on city planning-related topics, including visions of waterfront development in postindustrial Philadelphia, the construction of a town planning perception of Colombo, and city planning and the U.S. census.
- Published
- 2009
- Full Text
- View/download PDF
50. Abstracts.
- Subjects
PLANNING ,DANCE ,CULTURAL pluralism ,CHILD labor - Abstract
The article presents abstracts on planning-related topics which include an examination of the popularity of dancing in New Zealand during the 1920s and 1930s, an examination of how religious diversity in community affects church membership in a period of high growth and social change and an examination of child labor in urban industries in the Dutch Republic.
- Published
- 2009
- Full Text
- View/download PDF
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