INTERNATIONAL TRADE, CAPITAL FLOWS AND ECONOMIC DEVELOPMENT

The impact of rising global trade and investment remains one of the most controversial topics among academics, policymakers and the public in general. This book written by international economists Francisco L Rivera-Batiz and Luis A Rivera-Batiz offers a collection of articles outlining the diverse consequences of trade liberalization and the elimination of barriers to international capital flows. The co-editors present a rich discussion of the theoretical approaches and empirical evidence available in economics to analyze globalization and its effects on growth, poverty and income distribution. Specifically, the book chapters examine how economic integration influences technological change and growth, the effects on poverty, income distribution and economic development, the consequences of liberalizing foreign direct investment, the impact of capital flows on emerging markets, and the role played by public sector governance and policies on trade and investment liberalization. Overall, this volume adopts diverse scientific approaches in analyzing globalization and its consequences.
Contents:International Trade, Technological Change and Economic Growth:Economic Integration and Endogenous GrowthInternational Trade with Endogenous Technological ChangeGATT, Trade and GrowthIntegration among UnequalsThe Economics of Technological Progress and Endogenous Growth in Open EconomiesTrade, Increasing Returns and Economic Geography:Increasing Returns, Monopolistic Competition, and Agglomeration Economies in Consumption and ProductionGeography, Trade Patterns, and Economic PolicyPublic Sector Governance, Capital Flows and Economic Growth:Democracy, Governance, and Economic Growth: Theory and EvidencePolitical Institutions, Capital Flows and Developing Country Growth: An Empirical InvestigationInternational Financial Liberalization, Corruption, and Economic GrowthThe East Asian Crisis and the Anatomy of Emerging Market DiseaseThe Effects of Foreign Direct Investment:Foreign Ownership, Non-Traded Goods and the Effects of Terms of Trade Changes on National WelfareForeign Capital and the Contractionary Impact of Currency Devaluation, with an Application to JamaicaThe Effects of Direct Foreign Investment in the Presence of Increasing Returns due to SpecializationEurope 1992, and the Liberalization of Direct Investment Flows: Services versus Manufacturing
Readership: Graduate students, researchers and policymakers interested in globalization, international and development fields.
Keywords:International Economics;World Trade;Foreign Direct Investment;International Capital Flows;Economic Development;Political Economy;Trade Theory;Economic Integration;GlobalizationReview:Key Features:Unique collection of different economic approaches to the field of international trade and investmentThe book combines theory, empirical evidence, and policy analysis, which is rare in most competing books in the marketThe volume puts together a number of classic, influential papers in the field, some with Paul M. Romer, current Research Director at the World Bank and one of the most influential American economists