Abstract

Few doubt that we now live in a global economy. But there is little agreement among economists about the nature and implications of this globalism. This paper tries to answer the question: how mobile is international capital? In contrast to the prediction of 'global' capital mobility, there is a low degree of long-term capital mobility. This paper also argues the role of globalisation on wages and inequality in the developed and developing countries.

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Article Language: EnglishTurkish