Engineering Good Times: Fiscal Manipulation in a Global Economy

2010 ◽  
Vol 41 (2) ◽  
pp. 315-340 ◽  
Author(s):  
Angela O’Mahony

In a global economy, a country’s international economic ties affect both how desirable pre-electoral fiscal manipulation is to the government, and how costly it is to the government to engage in such manipulation. Governments are more likely to engage in pre-electoral fiscal manipulation when the country’s exchange rate is flexible and the domestic economy is highly open to international trade, and when the exchange rate is fixed and the domestic economy is relatively closed to international trade. This argument is tested empirically through a quantitative analysis of changes in government debt in twenty OECD countries from 1974 to 2008.

2019 ◽  
pp. 79-91 ◽  
Author(s):  
V. S. Nazarov ◽  
S. S. Lazaryan ◽  
I. V. Nikonov ◽  
A. I. Votinov

The article assesses the impact of various factors on the growth rate of international trade. Many experts interpreted the cross-border flows of goods decline against the backdrop of a growing global economy as an alarming sign that indicates a slowdown in the processes of globalization. To determine the reasons for the dynamics of international trade, the decompositions of its growth rate were carried out and allowed to single out the effect of the dollar exchange rate, the commodities prices and global value chains on the change in the volume of trade. As a result, it was discovered that the most part of the dynamics of international trade is due to fluctuations in the exchange rate of the dollar and prices for basic commodity groups. The negative contribution of trade within global value chains in 2014 was also revealed. During the investigated period (2000—2014), such a picture was observed only in the crisis periods, which may indicate the beginning of structural changes in the world trade.


2018 ◽  
Vol 1 (4) ◽  
pp. 9-18
Author(s):  
Rasulov Tulkin Sattarovich ◽  
Khushvaktov Kuvonchbek Ravshanovich

In today’s world of swiftly increasing global economy and continuously changing international trade laws and technology exchange rate plays a pivotal role in the production, price formation, export and import of agricultural products. For many years exchange rate as an integral part of agricultural economics has been ignored. The present study was intended to investigate exchange rate as an impacting factor on the agricultural production. It also considers the researches that have been carried about the impact of the exchange rate on prices and export of agricultural products, theirs analyses and how much impact it has in the situation of Uzbekistan.


AKADEMIKA ◽  
2016 ◽  
Vol 10 (2) ◽  
pp. 160-172
Author(s):  
Achmad Lubabul Chadziq

Abstract: The people welfare of a country is not only dependent on individuals making trade transactions abroad, but on the macro level, the government alsohas a greater contribution to promote and prosper the people of its country, one of which is through international trade or popularly known as exports and imports. International trade is part of macroeconomics that specifically discusses the relationship between a country and another country in allocatingresources or production factors available in each country. The existence of international economic and trade relations is very useful in order to achieve theprosperity of the world community. Efforts to increase efficiency in the utilization of world production factors as a whole are the targets of international economic and trade activities.


2005 ◽  
Vol 5 (4) ◽  
pp. 1850077 ◽  
Author(s):  
Thea Lee

A commentary on the Doha Development Round by a representative of the AFL-CIO. Thea Lee is Policy Director at the AFL-CIO in Washington, D.C., where she oversees research and strategies on domestic and international economic policy. Previously, she worked as an international trade economist at the Economic Policy Institute in Washington, D.C. and as an editor at Dollars & Sense magazine in Boston. Lee is co-author of A Field Guide to the Global Economy, published by the New Press. Her research projects include reports on the North American Free Trade Agreement, the impact of international trade on U.S. wage inequality, and the domestic steel and textile industries. She has testified before several committees of the U.S. House of Representatives and the Senate on various trade topics. She serves on several advisory committees, including the State Department Advisory Committee on International Economic Policy and the Export-Import Bank Advisory Committee. She is also on the Board of Directors of the Worker Rights Consortium and the National Bureau of Economic Research. She received a Bachelor’s degree from Smith College and a Master’s degree in economics from the University of Michigan.


While international trade and investment is still dominated by larger multinational enterprises (MNEs), small and medium-sized enterprises (SMEs) are increasingly reaching out beyond their traditional domestic habitat. A significant number of SMEs today are engaged in transboundary trade and investment and in the wake of the digital revolution the phenomenon of ‘born global’ SMEs can be increasingly observed. In addition, many SMEs enter the global economy indirectly via global value chains. International economic law, with its traditional focus on MNEs and their interests, is only slowly waking up to this new reality. At the same time, it is increasingly recognized that the internationalization of SMEs provides the key to creating more sustainable and inclusive global economic growth. The 2015 UN Sustainable Development Goals, for example, expressly call for the facilitation of increased access for SMEs to international trade and investment. This book undertakes a first attempt at systematically analysing the interaction between SMEs and international economic law. The analysis covers a broad spectrum of international trade and investment law focusing on issues of particular interest to SMEs, such as trade in services, government procurement, and trade facilitation. Salient regional and transregional developments are taken into account, including the implications of the TPP and the TTIP negotiations for SMEs. Close attention is also devoted to the concern of many states that further liberalization of international trade and investment would unduly restrict the regulatory space necessary to protect and promote the legitimate interests of domestic SMEs.


Author(s):  
Ahijeet Kumar

Since 1992, economic improvements took place drastically to integrate with the global economy of the world. It made easier, the foreign trade easier. E-commerce is the chunk of IT revolution and has become popular in trading specially in India. With the advancement of time various changes in the business and their transactions. India being an adapter of fast changing technology gives rise to the enhancement of e-commerce. In the view of this paper tries to present a view of evolution of ecommerce and especially in India. This paper shows the order, categories and organization evolved through e-commerce in both finance and physical expression. To extract the benefits obtained from e-commerce and to develop a platform for e-commerce in India. The government should also provide a legal platform for international trade and e-commerce and allow companies to expand globally with the taken care of basic rights like privacy, intellectual property rights, fraud prevention etc. This paper deals with the problem which is in the front of common manufacturers of transformers. Aim of this paper is the ways through which we can provide raw material to develop the transformer. So that these transformer producers get an ample amount of foreign raw products which help in improving the quality of product as well as reducing the cost. The Indian components of transformers do not perform so well in the terms of quality so Indian transformers lack in quality by using these foreign raw products transformer producer may produce the quality products and can also export to other countries


2019 ◽  
pp. 525-550
Author(s):  
Gleider Hernández

This concluding chapter discusses international economic law. When discussing ‘international economic law’ one is addressing the international regimes that regulate international trade, investment, and economic development. The multilateral and bilateral treaties in these areas have become the focal point for the global economy today. International economic law developed rapidly since the end of the Second World War, when the 1944 Bretton Woods Accords established the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (the World Bank), placing financial institutions at the heart of the post-war settlement. Meanwhile, the law on international trade grew around the General Agreement on Trade and Tariffs (GATT), but today centres on the World Trade Organization in Geneva. International investment law has no equivalent overarching institution, but rather exists as a dense web of bilateral investment treaties (BITs) which have emerged in the last three decades.


2020 ◽  
Author(s):  
Valentin Pospelov ◽  
Valentina Mironova ◽  
Natal'ya Orlova ◽  
Tat'yana Sidorenko ◽  
Aleksey Soluyanov ◽  
...  

Workshop on the global economy and international economic relations prepared by the staff of the Department of world economy and international business, Financial University under the Government of the Russian Federation in accordance with Federal state educational standard of higher education in the direction "Economics" profile "World economy and international business". The workshop provides tasks on the main problems of the modern world economy and international economic relations. The proposed tasks are based on the principles of competence-based approach. For undergraduate students, teachers of economic universities, anyone interested in the problems of modern world economy and international economic relations.


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