Globalisation and deglobalisation

Bank for International Settlements

No 100 in BIS Papers from Bank for International Settlements

Abstract: Globalisation has had a profound effect on economic outcomes, especially in emerging market economies (EMEs). In particular, it is widely acknowledged to have been a major driver of the strong income growth and reduction in poverty witnessed in EMEs in the past few decades. Despite these benefits, there has recently been a backlash against globalisation and growing support for inward looking policies in many parts of the world. Against this backdrop, this volume takes stock of the EME experience with two facets of globalisation-trade and migration. It summarises different country experiences with regard to the aggregate as well as distributional consequences. In doing so, it highlights several examples and avenues for policy action to continue to harness the benefits of globalisation while limiting the costs.

Date: 2018 Written 2018-12
ISBN: ISBN 978-92-9259-230-1
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Chapters in this book:

Globalisation and deglobalisation in emerging market economies: facts and trends , pp 1-25

Yavuz Arslan, Juan Contreras, Nikhil Patel and Chang Shu

How has globalisation affected emerging market economies? , pp 27-55

Yavuz Arslan, Juan Contreras, Nikhil Patel and Chang Shu

Globalisation, growth and inequality from an emerging economy perspective , pp 57-69

Central Bank of Argentina

Globalisation and deglobalisation , pp 71-82

Central Bank of Brazil

Globalisation and the Chilean economy , pp 83-100

Joaquin Vial

How globalisation has affected China and related policy issues , pp 101-104

The People’s Bank of China

International trade networks and the integration of Colombia into global trade , pp 105-123

Andrés Murcia, Hernando Vargas-Herrera and Carlos León

Foreign capital and domestic productivity in the Czech Republic , pp 125-137

Mojmír Hampl and Tomas Havranek

Assessing the impact of globalisation: Lessons from Hong Kong , pp 139-147

Lillian Cheung, Eric Wong, Philip Ng and Ken Wong

The external and domestic drivers of inflation: the case study of Hungary , pp 149-172

Erzsébet Éva Nagy and Veronika Tengely

Globalisation and deglobalisation: the Indonesian perspective , pp 173-182

Dody Budi Waluyo

Measuring the importance of global factors in determining inflation in Israel , pp 183-208

Nadine Baudot-Trajtenberg and Itamar Caspi

Foreign workers in the Korean labour market: current status and policy issues , pp 209-221

Seung-Cheol Jeon

Globalisation and deglobalisation , pp 223-229

Central Bank of Malaysia

Globalisation and consumption risk-sharing in emerging market economies , pp 231-244

Manuel Ramos-Francia and Santiago Garcia-Verdu

Peru’s commercial opening: the story of two sectors , pp 245-257

Renzo Rossini, Zenon Quispe, Hiroshi Toma and Cesar Vasquez

The globalisation experience and its challenges for the Philippine economy , pp 259-272

Diwa C Guinigundo

Globalisation and the Polish economy: macro and micro growth effects , pp 273-289

Piotr Szpunar and Jan Hagemejer

Globalisation and deglobalisation , pp 291-310

Bank of Russia

Macroeconomic and distributional effects of globalisation , pp 311-319

Saudi Arabian Monetary Authority

Globalisation in a small open economy: the Singapore experience , pp 321-329

Edward Robinson

Globalisation and deglobalisation , pp 331-343

South African Reserve Bank

Weighing up Thailand’s benefits from global value chains , pp 345-354

Bank of Thailand

Globalisation and deglobalisation , pp 355-362

Central Bank of the Republic of Turkey

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