As contained in her national development mission, Malaysia is expected to become a developed and high income economy by 2020. A mission favourably referred to as the Vision 2020. The realisation of such a noble goal will not come on a silver platter. Perhaps this awareness underscores the identification of certain sectors of the economy by the Malaysian government as key to achieve this develop...

a r t i c l e i n f o JEL classification: D58 D62 F18 H23 Keywords: Small open economy Externality Efficiency cost Abatement cost Border tax adjustment Free emissions allocations In the existence of trade interaction, a sub-global climate change policy can generate externality, which can cause competitiveness issues for the producers in compliant regimes. However among compliant regions, a smal...

The insertion of the Brazilian Amazon region into the Brazilian and global economies is one of the challenges faced by the Brazilian economy. Accounting for 60% of the Brazilian territory, the region will play a key role in shaping the future growth and development of the Brazilian economy in the next decades. Energy availability has been the region’s main economic bottleneck. The energy divide...

BACKGROUND This paper discusses how hashish produced by the local population of Tyup, Kyrgyzstan became an important source of cash in an agricultural semi-subsistence economy. METHODS The paper is based on a research study conducted between 2009 and 2010 that adopted a mixed-method approach to data collection. I gathered 64 semi-structured interviews, 147 structured interviews and made ethno...

Yangtze River Delta region in China is rich in port resources. "To prosper city according to ports" has become one of the strategies of promoting economy development. Therefore, the development of port logistics has a very important position in Yangtze River Delta region economy development. This paper sets up a new evaluation index system for port logistics efficiency and effectiveness evaluat...

We study the impact on financial fragility of globalization and a switch from managed to freely floating exchange rate regime in the context of a two-country multi-region model a la Allen and Gale (Journal of Political Economy, 2000) with open-economy monetary features of Chang and Velasco (Journal of Economic Theory, 2000). In this economy, both banking and exchange rate crises may develop. In...