Let A be a unital ring which is a product of possibly infinitely many indecomposable rings. We establish a criteria for the existence of a globalization for a given twisted partial action of a group on A. If the globalization exists, it is unique up to a certain equivalence relation and, moreover, the crossed product corresponding to the twisted partial action is Morita equivalent to that corre...

This paper argues that the implications of globalization for monetary policy come mainly through two channels: On the one hand, the many structural changes, which are associated with the globalization process, cause an increase in uncertainty surrounding monetary policy. This leads to an increase in uncertainty about how to interpret macroeconomic data/indicators and about the monetary transmis...

This paper empirically investigates the influence of globalization on various aspects of labor market deregulation. I employ the data set by Bassanini and Duval (2006) on labor market institutions in OECD countries and the KOF index of globalization. The data set covers 20 OECD countries in the 1982-2003 period. The results suggest that globalization did neither influence the unemployment repla...

The literature on the benefits and costs of financial globalization for developing countries has exploded in recent years. There seems to be a consensus that financial globalization has had a "discipline effect" on monetary policy, because it has reduced the returns from using monetary policy to stabilize the output. As a result, monetary policy over recent years has placed more emphasis o...

■ Abstract The sociological, economic, political, and anthropological literatures are devoting increasing attention to globalization. This chapter discusses the various connotations of the term and puts it in historical perspective. Existing theoretical and empirical research on globalization is organized around five key issues or questions: Is it really happening? Does it produce convergence? ...

The focus of this study is the effects of globalization on African countries. Globalization is a positive force for development and poverty reduction. It has led to growing inequalities among nation states. This is a problem, which the study seeks to address. Though globalization is a worldwide issue the work shall be united to its economic and political effects. The study aims to examine the c...

This paper highlights the tenets of globalization and how its elements have spread to sub-Saharan Africa, and Nigeria in particular. It assesses the growing burden of non-communicable diseases (NCDs) in Nigeria and its relationship with globalization. It further describes the conceptual framework on which to view the impact of globalization on NCDs in Nigeria. It assesses the Nigerian dimension...

This study examines the determinants of public expenditures in advanced market economies by simultaneously assessing the impact of domestic political institutions and globalization. A distinction is made between collective veto points and competitive veto points, demonstrating that not all veto points have restrictive effects. It is shown that public expenditures are significantly and positivel...