Something Different About This Wave Of Globalisation? Re-engagement of China, India FSU ICT revolution 由点 AWRS HM TREASURY
Something Different About This Wave Of Globalisation? • Re-engagement of China, India & FSU • ICT revolution
Transport and Communication Costs Figure 1: Transport versus Communication costs 100 1950 1960 1970 1980 ◆0 cean freight-日 Air freight Satellite charges-Tra phone cal Source: Baldwin and Martin (1999) 点 HM TREASURY
Transport and Communication Costs Source: Baldwin and Martin (1999)
Increasing Capital Flows Figure 1. Evolution of International Financial Integration. 1983-2001 2.5 a笤型蓄山 1g86 199 1995 1998 Source: Miles and Feretti. ME2003 点 HM TREASURY
Increasing Capital Flows Source: Miles and Feretti, IMF, 2003
Something Different About This Wave? Re-engagement of China, India FSU ICT revolution Transnational Corporations Increased tradability in services Increasedpublicness' of information Demographics 由点 AWRS HM TREASURY
Something Different About This Wave? • Re-engagement of China, India & FSU • ICT revolution • Transnational Corporations • Increased tradability in services; • Increased ‘publicness’ of information • Demographics
Demography Global Population 1950-2015 6000 3000 2000 为5196019651970197518019851990199520002005201020 Source: UN Populaton OMisiOn I More developed regions Less developed regions 点 HM TREASURY
Demography