For present purposes globalisation can be thought of as a process of integration of goods and capital markets across the world in which barriers to international trade and foreign investment are reduced. Globalisation can be a result either of technological developments that reduce transport costs, improve information flows etc. or of policy changes that reduce protectionism, liberalise foreign...

Under the deepening globalization, Vietnam is striving for the national goal of industrialization and modernization, a goal widely shared by other developing and transition countries. After seventeen years since the inception of the doi moi reform, and after roughly a decade of serious international integration, Vietnam is still not prepared to take full advantage of trade and investment libera...

This paper reviews some of the recent advances in our understanding of the determinants of firms’ choices between trade and foreign direct investment (fdi) as means by which to serve their overseas markets. Over the past two decades, fdi has grown much more rapidly than trade flows. The great majority of these investment flows have been between developed countries with similar factor endowments...

The article by Labonté, Schram, and Ruckert is a significant and timely analysis of the Trans-Pacific Partnership (TPP) policy and the severe threats to public health that it implies for 12 Pacific Rim populations from the Americas and Asia (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and Vietnam). With careful and analytic precision t...

This paper evaluates the impact of the positive terms of trade (TOT) Shock on macroeconomic variables, using panel data for the six OPEC major oil exporting countries during 1989-2005. The findings indicate that the positive TOT shocks have the small and negative impact on savings and on the trade balance. Nevertheless, it has a positive impact on investment (specifically private investment) an...

the main purpose of this study is to determine welfare impacts of trade liberalization on maize market. for this purpose, we used from time series data for the period 1961/2009 and estimated domestic supply, domestic demand and import demand for maize. results of estimation showed that price elasticity of supply and demand is 0.32 and -0.25, respectively. then, by means of these elasticities, w...

economic development plans normally contain some policy objectives, especially for the most important macroeconomic variables. governments are expected to take best policies to achieve these objectives, although due to some structural or other impediments they may fail to touch the objectives. we have attempted to uncover the determinants of private consumption and investment as the objectives ...

Imperfections in the rule of law create new problems of contractibility, in addition to the familiar one of unverifiability of information. Alternative social institutions for governance of property and contract arise but are also imperfect, and can interact well or poorly with the formal state institutions. Security of property and contract is especially problematic for foreign traders and inv...