Richard Baldwin, 23 November 2018

, 12 November 2018

Major cities are thriving as the world becomes increasingly interconnected, but many places are also missing out. In this video, David Arnold and Riccardo Crescenzi of LSE and Mara Giua of Roma Tre University give an overview of the LSE's Global Investment – Local Development project, which examines the mistakes that many regions are making and offers solutions on how to move forward.

Costas Arkolakis, Natalia Ramondo, Andres Rodríguez-Clare, Stephen Yeaple, 08 October 2018

One consequence of the last decades of globalisation is that, thanks to multinational firms, goods are increasingly being produced far from where ideas are created. Using general equilibrium modelling, this column analyses the welfare and distributional effects of the recent wave of protectionism. Central to the results is the flexibility that multinational firms have in locating their innovation and production activities around the globe.

Lubos Pastor, Pietro Veronesi, 28 September 2018

The vote for Brexit and the election of protectionist Donald Trump to the US presidency – two momentous markers of the ongoing pushback against globalisation – led some to question the rationality of voters. This column presents a framework that demonstrates how the populist backlash against globalisation is actually a rational voter response when the economy is strong and inequality is high. It highlights the fragility of globalisation in a democratic society that values equality.

Lee Branstetter, Britta Glennon, J. Bradford Jensen, 21 August 2018

US firms have begun shifting R&D investment towards non-traditional destinations such as China, India, and Israel. The column argues that this is a response to a shortage in software and IT-related human capital within the US. When US multinationals are able to import talent or export R&D work, this reinforces US technological leadership. Conversely, politically engineered constraints on this response will undermine the competitiveness of US-based firms.

Brian Nolan, 03 August 2018

The narrative that globalisation and technological change have been the central forces hollowing out the jobs market, squeezing ‘the middle’, driving up inequality, and undermining growth is frequently taken to apply across the rich countries. This column presents a set of country case studies of the US alongside nine other rich countries that highlights just how varied their experiences since the 1980s have actually been.  Country contexts really matter, and policy responses must be framed in light of the institutional point of departure and distinctive challenges each country faces.

S. Amer Ahmed, Maurizio Bussolo, Marcio Cruz, Delfin S. Go, Israel Osorio Rodarte, 11 July 2018

Average education levels are increasing in developing countries, but not in high-income countries. The column argues that this 'education wave' in developing countries will reduce global inequality by 2030, with average incomes up to the 90th percentile all benefitting from the trend. However, this equalising effect relies on continued globalisation.

William Lincoln, Andrew H. McCallum, 10 July 2018

The number of US firms that export increased dramatically over the past few decades. This column argues that while foreign market entry costs have been stable over time, declines in telecommunications costs, free trade agreements, and economic growth abroad have been vital drivers of the globalisation of US firms.

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The Mobility in a Globalised World (MIGW) conference is a scientific and interdisciplinary conference which brings together economics, information technology and engineering. The aim of this year‘s conference is to highlight and discuss the effects of the digital transformation.

Submissions of abstracts (300 to 500 words) are welcome until July 31th, 2018, [email protected]

Acceptance for presentation: August 15th, 2018

Call of papers: http://www.migw.info/2018/call-for-papers-2018.pdf

Contact and further information: www.migw.info or [email protected]

Location 2018: University of Applied Sciences Ruhr-West in Muelheim. Muelheim is part of the Ruhr, the most important industrial region of Germany. Next airport is Duesseldorf.

Nikolaus Wolf, 11 June 2018

Roberto Duncan, Enrique Martínez García, 08 June 2018

Understanding what helps forecast inflation is important for any modern economy, but analysis remains limited in the emerging market economy context. This column presents recent findings on inflation forecasting in such economies, showing that a variant of the simple random walk model specification seems difficult to beat. The strong forecasting performance of this model can be observed even though many emerging economies have adopted a de facto or de jure inflation-targeting regime.

Pascal Lamy, 06 June 2018

Koji Ito, 03 June 2018

Support for ‘anti-globalist’ policies across the developed world suggests that many people are concerned about the impact of globalisation on employment and wages. This column examines the wage premium for exporting among firms in Japan, using linked employer-employee data to control for other factors that may affect wages. Exports and wages clearly are correlated in Japan’s manufacturing sector, especially for smaller-scale plants and firms. 

Roger Farmer, 29 May 2018

Luigi Guiso, Helios Herrera, Massimo Morelli, Tommaso Sonno, 18 May 2018

There has been some disagreement over the roots of the recent rise of populism in Europe. This column examines variations in exposure to economic shocks and in ability to react to them in different regions of Europe to show that the cultural backlash against globalisation has been driven by economic woes. In regions where globalisation was present but that have benefited economically, there has been no such backlash and the populist message has retreated. The message is clear: if one wants to defeat populism, one must defeat first economic insecurity.

Dan Andrews, Peter Gal, William Witheridge, 11 May 2018

Low inflation at the same time as rising global competition has led to a debate on the importance of globalisation for domestic inflation. This column suggests that greater participation in global value chains has placed downward pressure on inflation. The current higher level of global value chain integration may also dampen inflation by accentuating the impact of global economic slack on domestic inflation. There is a risk that stalling globalisation since the crisis, coupled with stronger aggregate demand and declining market contestability, could lead to inflationary pressures in the medium term.

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