INTERNATIONAL TRADE, CAPITAL FLOWS AND ECONOMIC DEVELOPMENT

The impact of rising global trade and investment remains one of the most controversial topics among academics, policymakers and the public in general. This book written by international economists Francisco L Rivera-Batiz and Luis A Rivera-Batiz offers a collection of articles outlining the diverse consequences of trade liberalization and the elimination of barriers to international capital flows. The co-editors present a rich discussion of the theoretical approaches and empirical evidence available in economics to analyze globalization and its effects on growth, poverty and income distribution. Specifically, the book chapters examine how economic integration influences technological change and growth, the effects on poverty, income distribution and economic development, the consequences of liberalizing foreign direct investment, the impact of capital flows on emerging markets, and the role played by public sector governance and policies on trade and investment liberalization. Overall, this volume adopts diverse scientific approaches in analyzing globalization and its consequences.

• International Trade, Technological Change and Economic Growth:
  • Economic Integration and Endogenous Growth
  • International Trade with Endogenous Technological Change
  • GATT, Trade and Growth
  • Integration among Unequals
  • The Economics of Technological Progress and Endogenous Growth in Open Economies
• Trade, Increasing Returns and Economic Geography:
  • Increasing Returns, Monopolistic Competition, and Agglomeration Economies in Consumption and Production
  • Geography, Trade Patterns, and Economic Policy
• Public Sector Governance, Capital Flows and Economic Growth:
  • Democracy, Governance, and Economic Growth: Theory and Evidence
  • Political Institutions, Capital Flows and Developing Country Growth: An Empirical Investigation
  • International Financial Liberalization, Corruption, and Economic Growth
  • The East Asian Crisis and the Anatomy of Emerging Market Disease
• The Effects of Foreign Direct Investment:
  • Foreign Ownership, Non-Traded Goods and the Effects of Terms of Trade Changes on National Welfare
  • Foreign Capital and the Contractionary Impact of Currency Devaluation, with an Application to Jamaica
  • The Effects of Direct Foreign Investment in the Presence of Increasing Returns due to Specialization
  • Europe 1992, and the Liberalization of Direct Investment Flows: Services versus Manufacturing

• Unique collection of different economic approaches to the field of international trade and investment
• The book combines theory, empirical evidence, and policy analysis, which is rare in most competing books in the market
• The volume puts together a number of classic, influential papers in the field, some with Paul M. Romer, current Research Director at the World Bank and one of the most influential American economists