[PDF] Top 20 ← Return to Article Details Productivity, wages, profits, and exchange rates in an era of globalization

... Marx and standard neoclassical thought, by add- ing factors to capital accumulation which are difficult to describe and even more difficult to ...result of activities which can ... See full document

... rules and rules on exchange rates is raising the attention of experts on international trade law and ...purpose of this paper is to analyze the impacts of ... See full document

... rid of high interest rates and overvalued exchange rates over this whole time ...attempts to lead the economy into a more “normal” configuration for these key macroeconomic ... See full document

... 1987 and 1994, then it fell in the course of the 1994-95 crisis; since 1996 it has progressively increased though it has yet to reach its maximum 1994 ...level. In contrast, the real ... See full document

... business and bureaucratic elites who adopt a national development strategy that I call ‘new developmentalism’ which, on the long term is based on growth with domestic sav- ings and a sensible balance ... See full document

... seems to be a variable that appropriately reflects the economic conditions of a ...region. In addition to taking into account the growth of income, it reflects the growth of ... See full document

... level and evolution of inequalities, such as public expenditure on educa‑ tion, social policies against poverty, and the development of the financial ...sector. In the scope of ... See full document

... B and C in the matrix are two opposite equilibrium cases, one which reproduces slow structural change, slow learning and substantial inequality, and the other that sustains a pattern of ... See full document

... volatility in the late 1990s, however, ultimately distorted the op- erations of these markets forcing the government to act intensely to contain ex- change rate movements in future ... See full document

... existence of cheap labor does not generate Ricardian rents but has a similar outcome to the effect of cheap natural ...cause of Dutch disease is that the wage spread is substan- tially larger ... See full document

... order to understand the behaviour of exchange rates in these countries, it is necessary to take into account their specific position in the contemporary inter- national ... See full document

... paradox of the current pattern of world trade and fi- nancial imbalances where overvalued currencies may appreciate and undervalued currencies may ...forms of speculative flows, which ... See full document

... terms) in Brazil and in its main trading partners’ countries (on average) and the ratio between these ...drop in the ratio between these indexes constitutes a gain in ... See full document

... Flexible exchange rate systems provide greater maneuverability for a country’s fiscal and monetary ...lead to fluctuations in the foreign- currency value of a government’s primary ... See full document

... was an issue of concern in the seventies and eight- ies, many developed countries, unable to deliver strong monetary institutions, chose to peg their currencies to the ... See full document

... aim of this paper is to discuss the evolution of the Brazilian labour produc- tivity in the 1990s and 2000s to shed some light on the resilience of the Brazilian economy ... See full document

... resources to finance external debt service. Share of wages in value added varies strongly up and down for several reasons: 1 / hyperinflation has significant distribu- tive effects: it ... See full document

... the exchange rate depreciates, the producer increases the export revenues (quoted in domestic currency) and replaces more expensive imported in- puts (also quoted in domestic currency) ... See full document

... theories and policy perspectives directed against the welfare state and Keynesian policies were embedded in the wider process of globalization that had been going on mostly through ... See full document

... Este artigo teve como objetivo contribuir para o entendimento da regra de ouro no Brasil bem como sua efetividade e os desafios impostos ao seu cumprimen- to em função da recessão ocorrida no período 2014-16. ... See full document