The paper examines the relationship between the rapid pace of trade and financial
globalization and the rise in income inequality observed in most countries over the past two …

We review evidence regarding the size and evolution of the" land rush" in the wake of the
2007–8 boom in agricultural commodity prices, and we study the determinants of foreign …

This paper provides evidence that credit constraints are an important determinant of
international trade flows. I exploit shocks to the availability of external finance and examine …

Financial openness is often associated with higher rates of economic growth. We show that
the impact of openness on factor productivity growth is more important than the effect on …

Country's technology progress and innovation development not only depends on internal
knowledge stock and human capital, but also external financial resources. This paper …

We study the share privatization process in China to investigate whether and how the
removal of market frictions is associated with efficiency gains. Prior to the reform, domestic A …

This lecture examines whether financial globalization is beneficial to developing countries
by first examining the evidence on financial development and economic growth and …

Many prominent critics regard the international financial system as the dark side of
globalization, threatening disadvantaged nations near and far. But in The Next Great …

By putting together a relatively large data set on bilateral remittances of emigrants, this
paper is able to shed light on the important hypothesis of smoothing. The smoothing …

We investigate the effect of a stock market liberalization on industry growth in emerging
markets. Consistent with the view that liberalization reduces financing constraints, we find …