Marc Muendler: Global economy

Research and policy in a global economy

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Coffee — the traded good
Resources for economists

Globalization and development
- Embracing globalization: UN General Assembly 2001
- Lindert and Williamson 2001: Does globalization make the world more unequal? [pdf]
Trade, trade reform, and development
- WTO 2001: After Doha, a new round of trade negotiations is under way
- Latest news from Dani Rodrik's students
- Some NGOs views 2001: wtowatch, IATP, an original fake, and a clear statement
Foreign direct investment (FDI) and development
- OECD 2003: How multinationals should behave
- PriceWaterhouseCoopers 2001: If you want FDI, don't be opaque
- ICC 2000: Money for reform — A report on FDI flows to emerging markets, 1997-1999

Notes on growth
- DeLong 1998: What economists know about growth
- P. Romer 1993: Economic growth
- ft.com 2000: How statisticians make countries grow

Financial integration
- Bordo and Flandreau 2001: Core and periphery, and the fear of floating [pdf]
Restrict capital flows?
- Eichengreen et al. (IMF) 1999: Do liberalize capital movements, but carefully
- IMF & World Bank 2000: They do try to work together [pdf]
- Hufbauer and Wada (IIE) 1999: A further view on benefits, hazards, and precautions [pdf]

Why instability?
- Aghion, Bacchetta, Banerjee 2000: A view on the causes instability [pdf]
  If credit is short, investment depends on how wealthy owners are. That's particulary bad in a crisis because wealth gets reduced. Middle-income countries are most likely to suffer.
- Caballero, Krishnamurthy 2002 (harder to read): Another view on the causes instability [pdf]
  Why do so many countries borrow in foreign rather than domestic currency? Foreign-currency denomination makes debt more risky. And there are troubling incentives to underinsure against depreciation. That's why borrowers like foreign currency.
Why crises?
- Corsetti, Morris, Shin 1999 (a third-generation exploration): Is one Soros enough? [pdf]
- Obstfeld 1994 (a second-generation exploration): Another logic [pdf] (smaller versions)
- Krugman 2001: Thoughts on new theory [pdf]
- DeLong 1998 looking back: An intriguing historic perspective on the US
- Neal and Weidenmier 2002 looking further back: Contagion vs. shocks in a history of crises [pdf]

Asian financial crisis 1997–1998
- BIS 1996 (bank for international settlements): its unheard early warnings
  (in particular, see ch.6 [pdf] of the 1996 annual report, p.107f)
- IMF 1999: The leveraged change in fundamentals. A view of the causes
  (and an assessment of the own programs)
Did Russia infect Brazil in 1999?
- Baig, Goldfajn 2000: evidence [pdf]

Regions and clusters
- Crafts and Venables 2001: Globalization and geography [pdf]
Competitiveness
- Council on competitiveness 2003: Benchmarking competitiveness
- Would you like a country ranking? There is a world competitiveness yearbook

Obstfeld and Taylor 2001: How global are today's capital markets?
Frankel 1997: Are we regionalizing commodity trade, rather than globalizing?
Williamson 1995: Globalization in history, its benefits, and periods of internationally integrated labor markets

Findlay and O'Rourke 2001: Global commodity markets, 1500 to 2000
Williamson 1998: Real wages and factor prices in the third world 1820-1940:
Asia · Latin America · Mediterranean
O'Rourke and Williamson 1999: Did we first globalize in 1492 or in 1892?