Search results for "Economic liberalization"
showing 3 items of 3 documents
The distributional effects of capital account liberalization
2018
Abstract Episodes of account liberalization increase the Gini measure of inequality, based on panel data estimates for 149 countries from 1970 to 2010. These episodes are also associated with a persistent increase in the share of income going to the top. We investigate three channels through which these impacts could occur. First, the impact of liberalization on inequality is stronger where credit markets lack depth and financial inclusion is low; positive impacts of liberalization on poverty rates also vanish when financial inclusion is low. Second, the impact on inequality is also stronger when liberalization is followed by a financial crisis. Third, liberalization seems to alter the rela…
Financial Market Development in Emerging Asia: the Corporate Governance Perspective (Presentation Slides)
2018
Presentation on why Asia is different from Europe and the USA from a corporate governance perspective: weak formal institutions (e.g. law enforcement), diverse informal institutions (e.g. in terms of social elite) and with institutional dynamism (ongoing development of regulations, e.g. privatization) using economic liberalization as primary engine of growth.
The Political Economy of Internationalization and Privatization of Higher Education in the Sultanate of Oman
2013
This chapter outlines Oman’s higher education policy under the guidance of Sultan Qaboos by addressing the following main objectives: describing the origins of Oman’s government-funded higher education system since the late 1970s, assessing the rationales of Oman’s fundamental redesign of its higher education policy since the early 1990s, and, finally, describing the process and the effects of the economic liberalization of higher education, by analysing the emerging models of cooperation providing cross-border educational services. Oman is adopting primarily Western educational concepts in accordance with a liberal economic development strategy. However, Oman’s recent higher education poli…