Category Books

Labor, Capital, and Finance: International Flows »

Authors: Assaf Razin, Efraim Sadka
ISBN-13: 9780521785570, ISBN-10: 052178557X
Format: Paperback
Publisher: Cambridge University Press
Date Published: August 2001
Edition: (Non-applicable)

This treatment offers a model of globalization by examining international labor, finance, and capital flows.

	Preface
	Introduction
Pt. 1	A Standard Analysis of International Factor Mobility
1	Beneficial Versus Distortionary Mobility of Factors of Production	3
2	Factor Mobility and Trade in Goods: Do They Substitute for Each Other?	14
Pt. 2	Labor Migration into the Welfare State
3	Intertemporal Social Insurance and Migration	31
4	Intratemporal Social Insurance: Attractiveness to Migrants and Attitude of Native-Born Population	49
5	Intratemporal Social Insurance: The Interaction Between Migration and the Size of the Welfare State	60
6	The Effects of Migration on the Welfare State: Empirical Evidence	69
Pt. 3	International Capital Flows into Emerging Markets
7	Bank Runs and Capital-Flow Reversals	83
8	Country Risk and Capital-Flow Reversals	94
9	Foreign Portfolio Equity Investment and the Saving-Investment Correlation	99
10	Foreign Direct Investment: A Challenge for Control of Domestic Capital	106
11	Foreign Direct Investment: A Vehicle for Technology Transfer and Increased Competition	119
12	Episodes of Capital-Flow Reversals	128
	Notes	161
	References	167
	Index	175