Macroeconomic and Distributional Effects of Globalisation

9 Pages Posted: 13 Feb 2019

See all articles by Saudi Arabian Monetary Agency (SAMA)

Saudi Arabian Monetary Agency (SAMA)

Government of the Kingdom of Saudi Arabia - Saudi Arabian Monetary Agency (SAMA)

Date Written: December 21, 2018

Abstract

This note aims to shed light on the possible consequences of globalisation for the global economy. It assesses the effects of international financial and trade integration, migration and remittances on economic growth, as well as those of protectionist trade policies, with special attention to the implications for emerging market economies (EMEs). The channels through which globalisation influences inflation are also discussed. For EMEs, we ask whether remittances are a source of stability or instability. The links between globalisation and inequality are also discussed. Finally, the links between globalisation and external stability are considered.

Full Publication: Globalisation and Deglobalisation

Keywords: globalisation, economic growth, inflation, international trade and financial integration, remittances, stability

JEL Classification: B17, F22, F24, F60, F62, F68

Suggested Citation

(SAMA), Saudi Arabian Monetary Agency, Macroeconomic and Distributional Effects of Globalisation (December 21, 2018). BIS Paper No. 100t, Available at SSRN: https://ssrn.com/abstract=3332104

Saudi Arabian Monetary Agency (SAMA) (Contact Author)

Government of the Kingdom of Saudi Arabia - Saudi Arabian Monetary Agency (SAMA)

Saudi Arabia

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