Macroeconomic and Distributional Effects of Globalisation
9 Pages Posted: 13 Feb 2019
Date Written: December 21, 2018
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: Suggested Citation