scholarly journals Openness to Trade and the Spread of Industrialization: Evidence from Canada during the First Era of Globalization

2020 ◽  
Author(s):  
Taylor Jaworski ◽  
Ian Keay
Keyword(s):  
Openness To Trade

Free Traders and Drug Smugglers: The Effects of Trade Openness on States' Ability to Combat Drug Trafficking

2009 ◽  
Vol 51 (2) ◽  
pp. 117-145 ◽  
Author(s):  
Horace A. Bartilow ◽  
Kihong Eom
Keyword(s):  
Time Series ◽  
Statistical Model ◽  
Drug Trafficking ◽  
Trade Openness ◽  
Cross Sectional ◽  
Theoretical Literature ◽  
Openness To Trade ◽  
Pooled Time Series

AbstractThe theoretical literature presents conflicting expectations about the effects of trade openness on the ability of states to interdict drug trafficking. One view expects that trade openness will undermine drug interdiction; a second argues the opposite; a third argues that trade openness does not necessarily affect drug interdiction. This article assesses empirically the effects of trade openness on drug interdiction for countries in the Americas using a pooled time-series cross-sectional statistical model. It finds that trade openness decreases the interdiction capabilities of states in drug-consuming countries while increasing those of states in drug-producing countries. Greater openness to trade does not have a consistently significant effect on the interdiction capabilities of states in drug transit countries.

scholarly journals Dictators, Democrats and Development in Southeast Asia: Lessons for the Rest

2018 ◽  
Vol 18 (3) ◽  
pp. 401-405
Author(s):  
Jomo Kwame Sundaram
Keyword(s):  
High Speed ◽  
Pragmatic Trial ◽  
Northeast Asia ◽  
Coordination Failures ◽  
Developmental States ◽  
Anglo American ◽  
Embedded Autonomy ◽  
The One ◽  
Openness To Trade ◽  
Trade And Investment

Of the ten fastest growing economies since 1960, eight are in East Asia. As Haggard (2018) aptly demonstrates for Northeast Asia, two explanations account for this exceptional regional performance. On the one hand, neo-liberals committed to an Anglo-American night-watchman state (Krueger 1978; Bhagwati 1978; Edwards 1993; World Bank 1993; Pack and Saggi 2006) attribute performance to macroeconomic stability, provision of public goods, and openness to trade and investment. On the other hand, a heterodox group (Johnson 1982; Amsden 1989; Wade 1990/2004; Chang 2002, 1994; Rodrik 1995; Evans 1995; Lin 2009) focuses on market and coordination failures and the need for states to adopt pragmatic, ‘trial and error’ and selective approaches to high-speed growth. In this latter view, the strong developmental states of Northeast Asia used their embedded autonomy viz the private sector to overcome market and coordination failures to usher in rapid growth and technological catch-up.

scholarly journals DOES OPENNESS REDUCE WAGE INEQUALITY IN DEVELOPING COUNTRIES? PANEL DATA EVIDENCE FROM BANGLADESH

2012 ◽  
Vol 57 (02) ◽  
pp. 1250012 ◽  
Author(s):  
FARZANA MUNSHI
Keyword(s):  
Developing Countries ◽  
Panel Data ◽  
Theoretical Prediction ◽  
Trade Liberalization ◽  
Dynamic Model ◽  
Wage Inequality ◽  
Manufacturing Industries ◽  
Openness To Trade

This paper provides panel data evidence on trade liberalization and wage inequality in Bangladesh. Estimates from a dynamic model for five major manufacturing industries spanning the 1975–2002 period suggest that the effect of increased openness to trade is associated with a decrease in wage inequality. The result is in line with the theoretical prediction in that greater openness is expected to reduce wage inequality in developing countries.

scholarly journals A SPATIAL REGRESSION APPROACH TO FDI IN VIETNAM: PROVINCE-LEVEL EVIDENCE

2017 ◽  
Vol 62 (02) ◽  
pp. 459-481 ◽  
Author(s):  
BULENT ESIYOK ◽  
MEHMET UGUR
Keyword(s):  
Indirect Effects ◽  
Spatial Dependence ◽  
Spatial Regression ◽  
Domestic Investment ◽  
Labor Costs ◽  
Policy Makers ◽  
Regression Approach ◽  
Per Capita ◽  
Openness To Trade ◽  
Province Level

Foreign direct investment (FDI) flows into Vietnam have increased significantly in recent years and are distributed unequally between provinces. This paper aims to investigate the locational determinants of FDI in 62 Vietnamese provinces and whether spatial dependence is a significant factor that both researchers and policy-makers should take into account. We report that province-specific per-capita income, secondary education enrolment, labor costs, openness to trade, and domestic investment affect FDI directly within the province itself and have indirect effects on FDI in neighboring provinces. The direct and indirect effects coexist with spill-over effects and spatial dependence between provinces. Our findings indicate that FDI in Vietnam reflects a combination of complex vertical and export platform motivations on the part of foreign investors; and an agglomeration dynamics that may perpetuate the existing regional disparities in the distribution of FDI capital between provinces.

The International Role of the U.S. Dollar

FEDS Notes ◽  
2021 ◽  
Vol 2021 (2998) ◽  
Author(s):  
Carol Bertaut ◽  
◽  
Bastian von Beschwitz ◽  
Stephanie Curcuru ◽  
◽  
...  
Keyword(s):  
Financial Markets ◽  
Rule Of Law ◽  
Capital Flows ◽  
Global Economy ◽  
The Rule Of Law ◽  
Strong Property ◽  
International Role ◽  
Openness To Trade ◽  
The U.S

For most of the last century, the preeminent role of the U.S. dollar in the global economy has been supported by the size and strength of the U.S. economy, its stability and openness to trade and capital flows, and strong property rights and the rule of law. As a result, the depth and liquidity of U.S. financial markets is unmatched, and there is a large supply of extremely safe dollar-denominated assets.

Growth Experiences of the Asian Economies

2014 ◽  
pp. 24-47
Keyword(s):  
Economic Growth ◽  
Growth Factors ◽  
Reference Points ◽  
Economic Resilience ◽  
Growth Performances ◽  
Asian Economies ◽  
The 1960S ◽  
Openness To Trade ◽  
Rates Of Growth

This chapter describes the growth experiences of the sampled Asian countries, which are used as reference points in this textbook. This niche sample reflects the strong growth performance of these economies. Following a brief geographical backdrop, their economic growth outcomes, the binding constraints to growth, and some of the important underlying growth factors are discussed. The chapter concludes by discussing their expected short-term growth outlook, especially after the GFC. As indicated in chapter 1, the survey shows that the EAEs (South Korea, Taiwan, Hong Kong, and Singapore) have recorded remarkable rates of growth since the 1960s. Data also shows that China and India's growth performances are commendable as well, although India has not recorded rates close to those of China. The other countries (Indonesia, Thailand, Malaysia, and Philippines) have also registered high rates of growth when compared to similar developing countries around the world. While the constraints to growth remain and are actually amplified by the GFC, the important growth factors that have added to the economic resilience of these economies have been openness to trade, accumulation and mobilization of human and physical inputs (including labor force), better infrastructure, and improved institutions. However, important trade related risks remain and these have been affecting the Asian economies severely. Detailed analysis of trade as an important driver of economic growth in the largest and most influential economy, China, is included in chapter 9.

Global Market Trends

2015 ◽  
pp. 37-58
Author(s):  
William Amone
Keyword(s):  
Developing Countries ◽  
Technical Skills ◽  
Global Market ◽  
Policy Changes ◽  
China And India ◽  
Production And Consumption ◽  
Market Trends ◽  
Trade Growth ◽  
Border Controls ◽  
Openness To Trade

This chapter provides a discussion of competitiveness, globalization, and trade, including their recent transformations. The global market has witnessed several changes including reductions in trade costs, increased global trade, growth of industrialization in developing countries, and a complete change in the nature of goods traded. The drivers of global market changes include shifts in production and consumption patterns, technological innovations, new ways of conducting business, and policy changes. Many governments have lately opened their economies to international trade, enabling them to reap several benefits. Openness to trade is believed to have supported the growth of many countries and has greatly contributed to the success of most Asian countries, especially China and India. Although the global market offers numerous benefits, many developing countries still face serous limitations to fully access it; they are constrained by factors such as quality inferiority, distance, quantitative restrictions, poor technical skills, bad governance, and border controls.

Global Market Trends

2016 ◽  
pp. 16-36
Author(s):  
William Amone
Keyword(s):  
Developing Countries ◽  
Technical Skills ◽  
Global Market ◽  
Policy Changes ◽  
China And India ◽  
Production And Consumption ◽  
Market Trends ◽  
Trade Growth ◽  
Border Controls ◽  
Openness To Trade

This chapter provides a discussion of competitiveness, globalization, and trade, including their recent transformations. The global market has witnessed several changes including reductions in trade costs, increased global trade, growth of industrialization in developing countries, and a complete change in the nature of goods traded. The drivers of global market changes include shifts in production and consumption patterns, technological innovations, new ways of conducting business, and policy changes. Many governments have lately opened their economies to international trade, enabling them to reap several benefits. Openness to trade is believed to have supported the growth of many countries and has greatly contributed to the success of most Asian countries, especially China and India. Although the global market offers numerous benefits, many developing countries still face serous limitations to fully access it; they are constrained by factors such as quality inferiority, distance, quantitative restrictions, poor technical skills, bad governance, and border controls.

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