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The World Economy is a monthly peer-reviewed academic journal covering economics and international relations, specifically trade policy, open economy issues, and developing economies. The journal is published by John Wiley & Sons and the current editors-in-chief are David Greenaway and Chris Milner both of the University of Nottingham .
The economic theory of international trade differs from the remainder of economic theory mainly because of the comparatively limited international mobility of the capital and labour. [6] In that respect, it would appear to differ in degree rather than in principle from the trade between remote regions in one country.
The world economy or global economy is the economy of all humans in the world, referring to the global economic system, which includes all economic activities conducted both within and between nations, including production, consumption, economic management, work in general, financial transactions and trade of goods and services.
Journal of Economic Literature 34: 97–114, 1996. Description: Emphasizes the difference between statistical significance and economic significance, and shows that the understanding is not clear in a review of papers from The American Economic Review. Importance: Raised the caution against "asterisk economics" in econometrics to another level.
Saving gluts are not a new phenomenon. Economists like Karl Marx, J. A. Hobson and John Maynard Keynes considered the effect of an imbalance between savings and investment on the economy, which for them was caused by an overtly unequal distribution of income and wealth [22] Their underlying thesis is that a principal cause of depression is formed by the inability of capitalists to find ...
The Establishment of the International Monetary Fund (IMF) and the World Bank are one of the most significant turning points in the History of international finance. Through Decades of negotiation between international powers and the persistence of economic superpowers no single event inspired unity of determining the fair rules of trade and monetary policy than the Second World War.
Economic globalization refers to the widespread international movement of goods, capital, services, technology and information. It is the increasing economic integration and interdependence of national, regional, and local economies across the world through an intensification of cross-border movement of goods, services, technologies and capital ...
For three years, the turn to austerity has been presented not as a choice but as a necessity. Economic research, austerity advocates insisted, showed that terrible things happen once debt exceeds 90 percent of G.D.P. But "economic research" showed no such thing; a couple of economists made that assertion, while many others disagreed.