About: Liberalization is a research topic. Over the lifetime, 17063 publications have been published within this topic receiving 328291 citations. The topic is also known as: liberalisation & Liberalization, liberalisation.
TL;DR: The increasing liberalization of markets coupled with the creation of new markets for intermediate products is stripping firm-level competitive advantage back to its fundamental core: difficult to create and difficult to imitate intangible assets as discussed by the authors.
Abstract: The increasing liberalization of markets coupled with the creation of new markets for intermediate products is stripping firm-level competitive advantage back to its fundamental core: difficult to create and difficult to imitate intangible assets. This article explores these developments and elucidates implications for the management of intellectual capital inside firms.
TL;DR: In this article, the authors investigate whether financial openness leads to financial development after controlling for the level of legal development using a panel encompassing 108 countries over the period 1980 to 2000, and find that trade openness is a prerequisite for capital account liberalization while banking system development is a precondition for equity market development.
TL;DR: In this paper, the authors developed a political-institutional theoretical framework in which the distinctive political traditions of Africa's neopatrimonial states are shown to have powerfully shaped the regime transitions, and demonstrated that economic and international forces often provided the context in which political liberalization occurred, but cannot by themselves explain the observed outcomes.
Abstract: Between 1989 and 1994, 41 out of 47 countries in Sub-Saharan Africa underwent significant political reform, including in many cases the first competitive elections in a generation. How can this wave of political liberalization be explained? Why did some countries complete a democratic transition, while others could not sustain more than limited political reform and others still suffered authoritarian reversals? What are the long term prospects for democracy in Africa? This study constitutes the first comprehensive analysis of democratic transitions in Sub-Saharan Africa. Using an original data set they assembled, the authors demonstrate that economic and international forces often provided the context in which political liberalization occurred, but cannot by themselves explain the observed outcomes. Instead, the authors develop a political-institutional theoretical framework in which the distinctive political traditions of Africa's neopatrimonial states are shown to have powerfully shaped the regime transitions.
TL;DR: This paper showed that equity market liberalization, on average, leads to a 1% increase in annual real economic growth and that the largest growth response occurs in countries with high-quality institutions.
TL;DR: In this article, the authors discuss the relation between economic growth and environmental quality, and the link between economic activity and the carrying capacity and resilience of the environment, and they discuss the role of economic activity in environmental degradation.
Abstract: National and international economic policy has usually ignored the environment. In areas where the environment is beginning to impinge on policy, as in the General Agreement on Tariffs and Trade (GATT) and the North American Free Trade Agreement (NAFTA), it remains a tangential concern, and the presumption is often made that economic growth and economic liberalization (including the liberalization of international trade) are, in some sense, good for the environment. This notion has meant that economy-wide policy reforms designed to promote growth and liberalization have been encouraged with little regard to their environmental consequences, presumably on the assumption that these consequences would either take care of themselves or could be dealt with separately. In this article, we discuss the relation between economic growth and environmental quality, and the link between economic activity and the carrying capacity and resilience of the environment.