Web services composition (WSC) has an enormous potential for the organizations in the B2B area. In fact, different services collaborate through the exchange of messages to implement complex business processes. BPEL is one of the most used languages to develop such cooperation. However, it has...

What are the underlying rationales for industrial policy? Does empirical evidence support the use of industrial policy for correcting market failures that plague the process of industrialization? This article addresses these questions through a critical survey of the analytical literature on...

Regional integration agreements are examples of second-best policies and have an ambiguous impact on welfare. This article builds a model in which regional integration agreements unambiguously raise welfare by correcting for externalities. It assumes that trade between neighboring countries...