This paper studies a model where shocks to asset prices affect the real sector of the economy through a credit channel. As financial markets become internationally integrated, the economy becomes less vulnerable to domestic asset price shocks, but more vulnerable to foreign asset price shocks. To the extent that monetary policy stabilization is feasible and desirable, the globalization of finan...

Globalization reflects the notion that the world has become a common social space through technological and economic forces so that development in a region of the world can have profound effects on the livelihood of individuals or societies in other regions. It is not difficult to find the relationship between this phenomenon and the civil society development. Globalization has had a profound i...

Previous large-N research suggests that globalization could have either positive or negative consequences for labor rights in developing nations. This article examines the ways in which domestic political institutions and interests conditions the effects of economic globalization. It develops several hypotheses regarding the impact of domestic factors on labor rights outcomes and uses the case ...

Measurement of Globalization and Its Variations Among Countries, Regions and Over Time The process of globalization is an international economic order which has led to the progressive integration of the world economy through the pulling the barrier of trade and greater mobility of factors of production. In addition the technological innovation also provides impetus to the progressive integratio...

The research proposes to model the way households and their assets move back and forth between the informal rural economy and the formal economy, particularly financial equity, entrepreneurs and workers. Several hypotheses are tested to establish understanding about the functions of the informal economy in the co-evolution of rural and urban economies. This work should lead to strategic options...