This article explores the impact of economic globalization on workers' rights in developing countries. The authors hypothesize that labor depends not only overall level openness but also precise ways which a country participates global production networks. Using new data set collective rights, test these expectations. Their analysis correlates 90 nations, from 1986 to 2002, highlights globalization's mixed rights. As “climb top” accounts suggest, foreign direct investment inflows are...

This article investigates the nature of linkages between trade and labor rights in developing countries. Specifically, we hypothesize that a “California effect” serves to transmit superior standards from importing exporting countries, manner similar transmission environmental standards. We maintain that, all else being equal, given country are influenced not by its overall level openness, but trading partners. evaluate our hypothesis using panel 90 countries over period 1986–2002, separately...

A central research question in international political economy concerns the influence of financial markets on government policy outcomes. To what extent does capital mobility limit choices? I evaluate relationship between and outcomes, with a focus bond market developed democracies. Evidence includes interviews participants cross-sectional time-series analysis determinants interest rates. This evaluation suggests that governments democracies face strong but narrowly defined pressures....

We assess how investors evaluate sovereign borrowers, arguing that risk is less "sovereign" than previous research assumes. Investors governments based not only on what they do, but also investors' views of similar, "peer" countries. Professional use investment categorizations (geography, credit rating, or level market development) as a heuristic device. As result, peer country effects, well country-specific and global factors (booms, crises, shocks), should explain interest rates. The...

1. Working in the global economy 2. Producing globally 3. Inside and out: determinants of labor rights 4. Conceptualizing workers' 5. The overall picture: economic globalization 6. Varieties capitalists? diversity multinational production 7. Labor rights, development, domestic politics: a case study 8. Conclusions issues for future.

Abstract Under what conditions does the global economy serve as a means for diffusion of labor standards and practices? We anticipate variation among internationally engaged firms in their propensity to improve standards. Upgrading is most likely when firm's products exhibit significant cross‐market differences markups, making accessing high‐standards overseas markets particularly profitable. Additionally, upgrading more lead attach high salience Therefore, while participation production...

ABSTRACT This article explores the effort, during last decade, to develop a set of global standards and codes govern international capital markets. I posit that, despite market pressures, this effort should have limited success in low middle-income countries. Drawing upon historical institutionalist framework, suggest that domestic political institutions, as well interests, often will lead failure governments implement standards. After describing briefly motivations for substance code...

I consider the effect of global supply chain production – in contrast to directly owned overseas for labour rights low- and middle-income countries. develop a set hypotheses regarding conditions under which workers are most likely experience improvements their working procedural rights. In doing so, highlight importance host country governments protection rights: while private governance efforts have intensified recent years, success is conditional on local political actors' interests...

Abstract How do domestic and global factors shape governments’ capacity to issue debt in primary capital markets? Consistent with the ‘democratic advantage’, we identify institutional mechanisms, including executive constraints policy transparency, that facilitate issuance rather than electoral events. Most importantly, argue democratic advantage is contingent: investors’ attention politics varies conditions markets. When financial liquidity low, investors are risk-averse, political risk...

Abstract Governments borrow from a range of creditors—commercial banks, sovereign bondholders, official bilateral creditors, and multilateral financial institutions. Sovereigns’ creditor portfolios vary significantly across space time. While partly reflect supply-side considerations (macroeconomic profiles associated default risk), they also governments’ preferences over fiscal transparency. that prefer to disclose less information about economic outcomes will choose borrowing instruments...

The global financial crisis that began in 2007 is a once-in-a-lifetime event with wide-ranging consequences for government policymaking. has prompted much soul-searching among economists and experts who failed to anticipate it, or whose warnings were not taken seriously by regulators investors. Scholars of international political economy (IPE), however, are generally the business predicting crises recessions, so field unlikely see as manifestation scholarly failure. Yet may have an...

Are equity markets just another facet of global finance, or are they unique in their responses to—and influences on—government policies and institutions? Recent work has explored the impact political factors on bond market behavior foreign direct investment, but little attention been paid to stock markets. On basis particular concerns investors, we hypothesize a positive association between stock-market valuations levels democracy, shareholder rights, legal traditions, capital-account...

In the field of international political economy, workers are commonly analyzed as objects global economic forces whose fate is determined by profit-seeking behaviors firms and governments. Workers, however, can also assert themselves to protect their rights, they emigrate other countries find employment. We analyze literature on nexus between economy labor with a focus both receiving originating ends finance. Beginning inputs in multinational production, we explore roles openness, factor...

The rise of populism across advanced industrial countries presents a challenge to the institutions and norms that make up current global order threatens undo system has enabled decades free trade investment. We outline in this paper domestic political economy account contemporary crisis order, rooted disenchantment with redistributive bargain between globalization's winners losers. present individual local-level evidence is consistent account, first documenting decline embedded liberal...

Abstract Governments interact strategically with sovereign bond market creditors: they make choices not only about how often and much to borrow, but also under what terms. The denomination of debt, in domestic or foreign currency, is a critical part these “original sin” logic has long predicted that creditors have little appetite for developing-country government debt issued currency. Our novel data, including issues by 131 countries 240,000 primary transactions between 1990 2016, suggest...

Global capital markets can react dramatically to elections in developing countries, affecting governments’ access finance and sometimes setting off broader crises. We argue, contrary some conventional wisdom, that investors do not systematically the election of left-leaning parties candidates. Government ideology is often an imprecise heuristic, given diversity policies among parties, especially those on left. therefore expect neither generally, nor produce specific partisan outcomes, are...

Abstract This article explores the conditions under which international financial standards succeed. While rationalist accounts treat successful creation of as a relatively straightforward exercise, I suggest otherwise. The cooperation private sector agents is necessary condition for standards, and this hinges on certain elements institutional design. Using an assessment IMF's Special Data Dissemination Standard (SDDS), explore issues design effectiveness. On basis surveys mutual fund...

In recent years, scholars and policy makers have questioned the extent to which nation-state – specifically, modern welfare state, marked by intervention publicly-provided social protection is compatible with economic globalisation. While transnational actors, including multinational corporations, institutional investors, banks non-governmental organisations, undoubtedly influence contemporary national making, they not brought about demise of nation-state. Nor pressures generated such actors...

Abstract Do sovereign bond markets react systematically to microeconomic policy reforms? Some observers suggest that investors are very attentive supply‐side policies such as those related labor markets, corporate taxation, and product standards. They argue that, along with macroeconomic outcomes broad financial market conditions, reforms affect premiums, for developed well emerging economies. In contrast, we predict few systematic effects of on outcomes. Our theory draws a standard...