Globalisation promotes peace

Ju Hyun Pyun, Jong-Wha Lee 21 March 2009

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"Since Adam and Eve were expelled from the Garden of Eden, the Four Horsemen of the Apocalypse have wrecked their havoc on mankind." Thus did the late Herschel Grossman begin his 2003 Timlin lecture; he was referring to the biblical ravages – famine, disease, natural disaster, and war. In modern times, science and technology have helped mitigate the worst of the first three.

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Topics:  International trade

Tags:  trade openness, bilateral trade, Conflicts

What India must do to modernise

Arvind Panagariya 15 January 2008

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A key advantage claimed for the outward-oriented development strategy is that it allows poor, labour-abundant countries to specialise in labour-intensive products and, thus make efficient use of limited capital stocks. To quote Anne O. Kruger (1985), “An export-oriented strategy permits countries to use the international market to exchange their own, relatively labour-intensive commodities for capital-intensive goods. They are thus able to take advantage of the division of labour and specialisation.

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Topics:  Development

Tags:  China, India, manufacturing, trade openness, labour-intensive sectors, modernization

Civil war: Does international trade help or hurt?

Philippe Martin, Thierry Mayer, Mathias Thoenig 04 January 2008

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Even though the number of violent conflicts has decreased since a peak in 1992, civil war remains an endemic form of violence in poor countries. With the end of the Cold War, democratisation and increased integration in the world economy have often been advocated in order to promote prosperity and peace in poor countries. However, little is known on the impact of trade openness on the risk of civil conflicts.

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Topics:  International trade Politics and economics

Tags:  trade openness, civil war, international trade

Openness to trade and industry productivity dispersion

Gianmarco I.P. Ottaviano,

Date Published

Tue, 07/31/2007

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URL

http://www.cepr.org/pubs/PolicyInsights/CEPR_Policy_Insight_008.asp

Europe is supposed to become the world’s most competitive knowledge-based economy. Improving Europe’s competitiveness is a complex and elusive task. Improving the competitiveness of Europe’s firms, by contrast, is a concrete goal. More competitive firms are more productive, offering better products at lower prices. More productive firms are also more profitable and, thus, create more value for their shareholders.

Tags
competitiveness, total factor productivity, trade openness

Openness to trade and industry productivity dispersion

Gianmarco I.P. Ottaviano 31 July 2007

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Europe is supposed to become the world’s most competitive knowledge-based economy. Improving Europe’s competitiveness is a complex and elusive task. Improving the competitiveness of Europe’s firms, by contrast, is a concrete goal. More competitive firms are more productive, offering better products at lower prices. More productive firms are also more profitable and, thus, create more value for their shareholders.

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Topics:  International trade

Tags:  competitiveness, total factor productivity, trade openness