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Globalization and its disconnects

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  • Teitel, Simon

Abstract

Globalization, defined in economic terms as the phenomenon of increased integration of the world economy, generates strong reactions due to some negative effects of the growth of international trade, the internationalization of industrial production, and unrestricted cross-border capital flows, while the overall mobility of labor remains quite limited. Evidence on the growth of international trade and factor mobility is reviewed and analyzed, and problems affecting developed and developing countries are detected. Policy measures to alleviate some of the dislocations from increased globalization are discussed, and some measures recommended to avoid social and political disruptions.
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Suggested Citation

  • Teitel, Simon, 2005. "Globalization and its disconnects," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 34(4), pages 444-470, August.
  • Handle: RePEc:eee:soceco:v:34:y:2005:i:4:p:444-470
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    References listed on IDEAS

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    1. Jeffrey G. Williamson, 1998. "Globalization, Labor Markets and Policy Backlash in the Past," Journal of Economic Perspectives, American Economic Association, vol. 12(4), pages 51-72, Fall.
    2. Sebastian Edwards, 1999. "How Effective Are Capital Controls?," Journal of Economic Perspectives, American Economic Association, vol. 13(4), pages 65-84, Fall.
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    7. anonymous, 1985. "Developments in the international economy," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 48, febuary.
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    10. Teitel, Simon, 1984. "Technology creation in semi-industrial economies," Journal of Development Economics, Elsevier, vol. 16(1-2), pages 39-61.
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    Cited by:

    1. Robert E.B. Lucas & Lyn Squire & T. N. Srinivasan (ed.), 2010. "Global Exchange and Poverty," Books, Edward Elgar Publishing, number 13102, April.
    2. Vitaliy Oryshchenko, 2010. "Does Foreign Ownership Matter for Enterprise Training? Empirical Evidence from Transition Countries," Chapters,in: Global Exchange and Poverty, chapter 10 Edward Elgar Publishing.

    More about this item

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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