Global Linkages - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Global Linkages write by Warwick J. McKibbin. This book was released on 2011-03-01. Global Linkages available in PDF, EPUB and Kindle. With the rapid deterioration of the U.S. trade balance in the 1980s, the United States was forced to finance deficits by borrowing heavily from the rest of the world. In doing so, the United States went from being the world's largest creditor country to the world's largest debtor, while Japan and West Germany experienced a rise in trade surpluses. Such a shift in international trade flows has had profound effects on the world economy. McKibbin and Sachs address a range of issues involving macroeconomic imbalances in the world economy. Through the use of a new simulation model of the world economy they explore how policy actions undertaken in one country affect the trade flows and macroeconomic patterns among the other counties. The authors show that key macroeconomic features of the 1980s can be explained by shifts in monetary and fiscal policies in the major economies and by supply shocks due to changes in oil prices. In addition to showing how the global macroeconomic experience can be understood, they focus on a number of current policy issues, including the reduction of global trade imbalances, the consequences of U.S. fiscal consolidation, the effects of an oil price shock, the implications for the U.S. economy of increases in Japanese and German fiscal spending, the effects of targeting exchange rates among the major currencies, and the gains of increased coordination of macroeconomic politics among the major economies. In several cases, their conclusions are shown to be quite different from those that form the basis of many conventional views. The authors also analyze the importance of interaction between policymakers in industrial economies and conclude by reemphasizing the need for U.S. politicians and policy experts to recognize that macroeconomic results in the U.S. now depend heavily on events abroad.
Global Linkages
Global Linkages - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Global Linkages write by Warwick J. McKibbin. This book was released on 1991. Global Linkages available in PDF, EPUB and Kindle. Focuses on trade from 1978 to 1989 and explores how policy actions undertaken in one country affect trade flows and macroeconomic patterns among other countries.
Global Linkages and Economic Rebalancing in East Asia
Global Linkages and Economic Rebalancing in East Asia - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Global Linkages and Economic Rebalancing in East Asia write by Shigeyuki Hamori. This book was released on 2013. Global Linkages and Economic Rebalancing in East Asia available in PDF, EPUB and Kindle. In the wake of the global financial crisis, leading industrialized countries have managed to show only a gradual recovery, while East Asian economies have surged ahead. In particular, China achieved growth in excess of 10% in 2010 and is expected to continue growing at a rapid pace. It appears that in the coming years, East Asia will play an even greater role as a growth center leading global economic expansion. Following the Asian currency crisis of 1997OCo98, consumption and investment in the region decreased considerably, and East Asian economies recovered on the strength of exports. Presently, however, amid a less-than-robust recovery in the US and Europe, the sustainability of East Asia''s reliance on export-led growth has been called into question. The region''s transition to growth based on a balance of foreign and domestic demand is important for both building a stronger foundation for sustainable growth and buttressing global economic expansion. Moreover, the rebalancing of demand in East Asia holds the key to rectifying global current account imbalances OCo the disadvantage of uneven international capital flows. This unique volume illuminates policy issues involved in the efforts to promote the rebalancing of demand in East Asia.
Changing Global Linkages: A New Cold War?
Changing Global Linkages: A New Cold War? - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Changing Global Linkages: A New Cold War? write by Ms. Gita Gopinath. This book was released on 2024-04-05. Changing Global Linkages: A New Cold War? available in PDF, EPUB and Kindle. Global linkages are changing amidst elevated geopolitical tensions and a surge in policies directed at increasing supply chain resilience and national security. Using granular bilateral data, this paper provides new evidence of trade and investment fragmentation along geopolitical lines since Russia’s invasion of Ukraine, and compares it to the historical experience of the early years of the Cold War. Gravity model estimates point to significant declines in trade and FDI flows between countries in geopolitically distant blocs since the onset of the war in Ukraine, relative to flows between countries in the same bloc (roughly 12% and 20%, respectively). While the extent of fragmentation is still relatively small and we do not know how longlasting it will be, the decoupling between the rival geopolitical blocs during the Cold War suggests it could worsen considerably should geopolitical tensions persist and trade restrictive policies intensify. Different from the early years of the Cold War, a set of nonaligned ‘connector’ countries are rapidly gaining importance and serving as a bridge between blocs. The emergence of connectors has likely brought resilience to global trade and activity, but does not necessarily increase diversification, strengthen supply chains, or lessen strategic dependence.
Gains from Global Linkages
Gains from Global Linkages - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Gains from Global Linkages write by Bimal Ghosh. This book was released on 1997-05-13. Gains from Global Linkages available in PDF, EPUB and Kindle. The growth of the services sector in developing countries and their increased participation in trade in services have far-reaching implications for promotion of employment and income and management of international migration. The book brings out these implications in the context of the Uruguay Round Agreement on Trade in Services (GATS) and explains how trade-related temporary movements of persons can be a partial substitute for longer-term migration, serving the interests of both developed and developing countries in a more efficient global economy.
