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UID:d6db626e33de69c7ff510b338aa860e7
CATEGORIES:Seminars
CREATED:20180213T152133
SUMMARY:Assaf Razin - Tel Aviv University
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:<p style="margin-bottom: 12pt; vertical-align: baseline;"><strong><span sty
 le="font-size: 11pt; font-family: 'Calibri','sans-serif'; color: #241f20; b
 order: 1pt none windowtext; padding: 0cm;">Israel and the World Economy - <
 /span></strong><strong><span style="font-size: 11pt; font-family: 'Calibri'
 ,'sans-serif';">The Power of Globalization </span></strong></p><h2 style="m
 argin-top: 0cm; margin-right: 0cm; margin-bottom: 12pt; vertical-align: bas
 eline;"><span><span style="font-size: 11pt; font-family: 'Calibri','sans-se
 rif'; color: #666666;"><strong><br /></strong> </span></span></h2><p style=
 "margin-top: 0cm; margin-right: 0cm; margin-bottom: 0.0001pt; text-align: j
 ustify; vertical-align: baseline;"><strong><span style="font-size: 11pt; fo
 nt-family: 'Calibri','sans-serif'; color: #241f20;">Abstract</span></strong
 ><strong>:</strong></p><p style="margin-top: 0cm; margin-right: 0cm; margin
 -bottom: 6pt; text-align: justify; vertical-align: baseline;"><span style="
 font-size: 11pt; font-family: 'Calibri','sans-serif'; color: #241f20;"><spa
 n>Anti-globalization sentiments are rising, especially in Europe and the Un
 ited States, with the increasingly integrated global economy blamed for dom
 estic economic distress. In this book, Assaf Razin argues that Israel offer
 s a counterexample to this view, showing decisively positive economic effec
 ts of globalized finance, trade, and immigration. He offers a rigorous anal
 ysis of the role played by globalization in key episodes in the remarkable 
 development of the Israeli economy. His findings may hold lessons for produ
 ctivity-challenged advanced economies as well as for other countries such a
 s China currently making the transition to fully developed economies. </spa
 n></span></p><p style="margin-top: 0cm; margin-right: 0cm; margin-bottom: 0
 .0001pt; text-align: justify; vertical-align: baseline;"><span style="font-
 size: 11pt; font-family: 'Calibri','sans-serif'; color: #241f20;"><span>Raz
 in examines the wave of immigration after the collapse of the Soviet Union,
  as highly skilled Soviet Jews migrated to Israel and the effect on income 
 inequality; the Great Moderation of inflation and employment in advanced ec
 onomies, as Israel’s inflation converged in parallel with low world inflati
 on rates; Israel’s robustness in the face of the deflation shocks of the 20
 08 financial crisis; and technology transmission through foreign direct inv
 estment, reinforcing Israel’s high-tech sector surge. He also considers suc
 h ongoing challenges as high fertility and low labor market participation a
 nd the economic costs of the Israeli-Palestinian conflict.</span></span></p
 >
DTSTAMP:20260407T044511Z
DTSTART:20180618T163000Z
DTEND:20180618T180000Z
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