1 The key analytical and policy question examined in this paper is whether multinational companies and their overseas investment need to be regulated at the national or the international level, in order to address market failures, and to enhance their potential contribution to world welfare. The paper examines two kinds of regulatory regimes: first the current regime and second, a new regime pr...

Balloting on a new test method for use in the ranking of porous packaging materials used in sterile packaging applications by their ability to provide bacterial holdout was completed in July 2007 by ASTM International Committee F02 Flexible Barrier Packaging. As a result of this balloting, there is a new test method available for evaluating the barrier capabilities of porous materials intended ...

to the compounds tested, for at least an hour under the described conditions, but biologically reliable and physiologically representative results probably can be obtained for a much longer time when the reasons for tubular damage have been identified and corrected. Aside from the fact that different metabolites were studied, our experimental arrangement differed from that used in studies of th...

A basic example of shear flow was introduced by DiPerna and Majda to study the weak limit of oscillatory solutions of the Euler equations of incompressible ideal fluids. In particular, they proved by means of this example that weak limit of solutions of Euler equations may, in some cases, fail to be a solution of Euler equations. We use this example to provide non-generic, yet nontrivial, examp...

In 1999, eleven European countries formed the Economic and Monetary Union (EMU); they abandoned their national currencies and adopted a new common currency, the euro. Several recent papers argue that the introduction of the euro has led (by itself) to a sizable and statistically significant increase in trade between the member countries of EMU. In this paper, we put the trade effect of the euro...

We describe, explain, and “predict” dispersal and ecosystem impacts of six Ponto-Caspian endemic species that recently invaded the Great Lakes via ballast water. The zebra mussel, Dreissena polymorpha, and quagga mussel, Dreissena bugensis, continue to colonize hard and soft substrates of the Great Lakes and are changing ecosystem function through mechanisms of ecosystem engineering (increased ...

Recent studies have conjectured that there may be a link between financial liberalization and financial instability in emerging economies. Most of these studies, however, do not investigate whether emerging economies are becoming structurally more vulnerable to currency and banking crises. In this paper, we argue that emerging economies are systematically becoming more susceptible to both curre...

The economic constitutions of Germany and Greece have resulted in the postwar period in two economies that are based on two vastly different philosophies. Germany has built a highly competitive, outward looking economy based essentially on the principles of the so-called “Social Market Economy”, whereas Greece has set up a “state-managed economy” by drawing on the principles of central planning...