International migration, capital flows and the global economy: a long run view

Vista sencilla de ítem
cepal.bibLevelDocumento Completo
cepal.callNumberINT UN/EC 65(35/2005)
cepal.callNumberLC/L.2259-P
cepal.divisionEngEconomic Development Division
cepal.divisionSpaDivisión de Desarrollo Económico
cepal.docTypeSeries
cepal.idSade22007
cepal.jobNumberS05154 E
cepal.physicalDescriptiongráficos, tablas
cepal.regionalOfficeSantiago
cepal.saleNumber05.II.G.16
cepal.topicEngINTERNATIONAL MIGRATION
cepal.topicEngFOREIGN DIRECT INVESTMENT
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicEngMIGRATION
cepal.topicSpaMIGRACIÓN INTERNACIONAL
cepal.topicSpaINVERSIÓN EXTRANJERA DIRECTA
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.topicSpaMIGRACIÓN
cepal.workareaEngSTATISTICS
cepal.workareaEngPOPULATION AND DEVELOPMENT
cepal.workareaSpaESTADÍSTICAS
cepal.workareaSpaPOBLACIÓN Y DESARROLLO
dc.contributor.authorSolimano, Andrés
dc.contributor.authorWatts, Nathalie
dc.contributor.entityNU. CEPAL. División de Desarrollo Económico
dc.coverage.spatialEngEUROPE
dc.coverage.spatialEngLATIN AMERICA
dc.coverage.spatialEngUNITED STATES
dc.coverage.spatialSpaAMERICA LATINA
dc.coverage.spatialSpaESTADOS UNIDOS
dc.coverage.spatialSpaEUROPA
dc.date.accessioned2014-01-02T16:11:53Z
dc.date.available2014-01-02T16:11:53Z
dc.date.issued2005-02
dc.descriptionIncludes bibliography
dc.description.abstractHistorically, periods of increased trade and capital mobility have been also accompanied by more intense labor mobility across national borders. Conversely, in periods of global instability, stagnation, nationalism and more restrictive policies toward migration and capital mobility we observed less action in global factor markets. The first wave of globalization from around 1870 to 1913 was a period in which capital and labor were both free to move internationally. The interwar period with its economic turbulence, political disarray and rising nationalism witnessed both a movement towards reduced intercontinental migration and more chaotic and diminished capital flows. After World War II, the Bretton-Woods system restricted international private capital mobility and national governments gave more priority to the achievement of domestic policy goals. In the early 1970s the Bretton-Woods dollar-gold standard was abandoned and international capital mobility surged. International financial intermediation, however, was of the type of diversification finance" among industrial economies rather than one-way "development finance" observed in the late 19th and early 20th centuries. Since the 1970s international labor markets, particularly for unskilled labor, have remained more regulated than global capital markets, particularly regarding migration from developing countries. The source of global savings and investment balances changed in the 1980s and 1990s as the United States started to run persistent current account deficits and became a net debtor economy. This document analyzes various economic policy regimes and "political-economy epochs" since the 1870s to the early 21st century and their impact on international migration and international capital mobility. We take a long run view and examine to what extent periods of increased international migration have also been accompanied by periods of greater capital mobility and vice-versa. We investigate the patterns and interactions between these two types of international resource transfers and the changing global savings and investment balances in the world economy."
dc.formatTexto
dc.format.extent40 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.isbn9211215382
dc.identifier.unSymbolLC/L.2259-P
dc.identifier.urihttps://hdl.handle.net/11362/5400
dc.language.isoeng
dc.physicalDescription40 p. : gráfs., tabls.
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesSerie Macroeconomía del Desarrollo
dc.relation.isPartOfSeriesNo35
dc.rights.coarDisponible
dc.subject.unbisEngBUSINESS CYCLES
dc.subject.unbisEngCAPITAL MARKETS
dc.subject.unbisEngCAPITAL MOVEMENTS
dc.subject.unbisEngECONOMIC STABILIZATION
dc.subject.unbisEngGLOBALIZATION
dc.subject.unbisEngINTERNATIONAL MIGRATION
dc.subject.unbisEngLABOUR MARKET
dc.subject.unbisEngMONETARY SYSTEMS
dc.subject.unbisEngFINANCIAL RESOURCES
dc.subject.unbisSpaCICLOS ECONOMICOS
dc.subject.unbisSpaESTABILIZACION ECONOMICA
dc.subject.unbisSpaGLOBALIZACION
dc.subject.unbisSpaMERCADO DE TRABAJO
dc.subject.unbisSpaMERCADOS DE CAPITAL
dc.subject.unbisSpaMIGRACION INTERNACIONAL
dc.subject.unbisSpaMOVIMIENTOS DE CAPITAL
dc.subject.unbisSpaSISTEMAS MONETARIOS
dc.subject.unbisSpaRECURSOS FINANCIEROS
dc.titleInternational migration, capital flows and the global economy: a long run view
dc.type.coarlibro
Descargar
Bloque original
Mostrando 1 - 1 de 1
Miniatura
Nombre:
S05154_en.pdf
Tamaño:
1.12 MB
Formato:
Adobe Portable Document Format
Descripción:
Document in English
Descargar
Colecciones
Macroeconomía del Desarrollo