{"title":"Global Value Chains","authors":"Júlio Leutwiler","doi":"10.1017/9781108555838.012","DOIUrl":"https://doi.org/10.1017/9781108555838.012","url":null,"abstract":"The process of deindustrialization, understood as a persistent decline in the participation of the processing industry in the gross domestic product, can be observed as being natural or precocious. There is debate in the Brazilian economy about the existence or not of deindustrialization, but the data suggest that its observance is real. Industrialization policies, or reflections of deindustrialization, reverberate directly into the insertion of countries into global value chains and are important variables for the orientation of development. Global value chains are the result of changes in the international division of labor, together with globalization, with fundamental characteristics of flexibility and fragmentation. Thus, the purpose of this article is to conduct a discussion around the concepts of deindustrialization, global value chains and Brazil’s positioning on these processes.","PeriodicalId":209684,"journal":{"name":"An Introduction to International Economics","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116992486","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Ricardian Model of Comparative Advantage","authors":"","doi":"10.1017/9781108555838.004","DOIUrl":"https://doi.org/10.1017/9781108555838.004","url":null,"abstract":"","PeriodicalId":209684,"journal":{"name":"An Introduction to International Economics","volume":"114 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116447467","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Accounting Frameworks","authors":"","doi":"10.1017/9781108555838.015","DOIUrl":"https://doi.org/10.1017/9781108555838.015","url":null,"abstract":"","PeriodicalId":209684,"journal":{"name":"An Introduction to International Economics","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129444533","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A. Chu, G. Cozzi, Ching‐chong Lai, Chih-hsing Liao
{"title":"Growth in the Open Economy","authors":"A. Chu, G. Cozzi, Ching‐chong Lai, Chih-hsing Liao","doi":"10.1017/9781108555838.023","DOIUrl":"https://doi.org/10.1017/9781108555838.023","url":null,"abstract":"This study analyzes the long-run effects of monetary policy on economic growth and social welfare in a two-country Schumpeterian growth model with cash-in-advance constraints on consumption and R&D investment. We find that an increase in the domestic nominal interest rate decreases domestic R&D investment and the growth rate of domestic technology. Given that economic growth in a country depends on both domestic and foreign technologies, an increase in the foreign nominal interest rate also decreases economic growth in the domestic economy. When each government conducts its monetary policy unilaterally to maximize the welfare of only domestic households, the Nash-equilibrium nominal interest rates are generally higher than the optimal nominal interest rates chosen by cooperative governments who maximize the welfare of both domestic and foreign households. This difference is caused by a crosscountry spillover effect of monetary policy arising from trade in intermediate goods. Under the CIA constraint on consumption (R&D investment), a larger market power of firms decreases (increases) the wedge between the Nash-equilibrium and optimal nominal interest rates. We also calibrate the two-country model to data in the Euro Area and the UK and find that the cross-country welfare effects of monetary policy are quantitatively significant. JEL classification: O30, O40, E41, F43","PeriodicalId":209684,"journal":{"name":"An Introduction to International Economics","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131165160","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Global Capital Flows","authors":"S. Griffith‐Jones","doi":"10.1007/978-1-349-26912-9","DOIUrl":"https://doi.org/10.1007/978-1-349-26912-9","url":null,"abstract":"","PeriodicalId":209684,"journal":{"name":"An Introduction to International Economics","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115703838","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Crises and Responses","authors":"","doi":"10.1017/9781108555838.021","DOIUrl":"https://doi.org/10.1017/9781108555838.021","url":null,"abstract":"","PeriodicalId":209684,"journal":{"name":"An Introduction to International Economics","volume":"83 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116467019","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Engaging International Production","authors":"","doi":"10.1017/9781108555838.013","DOIUrl":"https://doi.org/10.1017/9781108555838.013","url":null,"abstract":"","PeriodicalId":209684,"journal":{"name":"An Introduction to International Economics","volume":"85 4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129319394","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Trade Policy Analysis","authors":"","doi":"10.1017/9781108555838.008","DOIUrl":"https://doi.org/10.1017/9781108555838.008","url":null,"abstract":"","PeriodicalId":209684,"journal":{"name":"An Introduction to International Economics","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122054264","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Multinational Enterprises and Foreign Direct Investment","authors":"","doi":"10.1017/9781108555838.011","DOIUrl":"https://doi.org/10.1017/9781108555838.011","url":null,"abstract":"","PeriodicalId":209684,"journal":{"name":"An Introduction to International Economics","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133588647","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Glossary","authors":"","doi":"10.1017/9781108555838.024","DOIUrl":"https://doi.org/10.1017/9781108555838.024","url":null,"abstract":"","PeriodicalId":209684,"journal":{"name":"An Introduction to International Economics","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131016696","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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