The author reviews trends and developments in world trade, investigating the elements involved in the accelerated integration of world trade rights in the past decade. He explores what conditions and policy initiatives make it easier for countries to benefit from global trade and capital flows,...

The authors empirically assess regional integration and liberalization scenarios impact on Indonesia and other Pacific Rim economies, including the complete Uruguay Round, further global liberalization and the creation of the Association of Southeast Asian Nations (ASEAN) or Asia-Pacific...

The Uruguay Round will generally have a limited impact on Egyptian policies affecting goods, investment, and services. It will have a more significant impact on intellectual property, although this will take up to a decade to materialize fully. Insofar as this reflects a continuing defensiveness...

The Pacific Rim members of the Asia Pacific Economic Cooperation (APEC) group have different views about the role each should play in fostering further trade liberalization. But at the November 1994 APEC meetings in Bogor they committed themselves to forming an APEC free trade area. The authors...

There is a close, if imperfect, relationship between the effectiveness of an economy's capital markets and its level (or rate of growth) of real development. This may be because financial markets provide liquidity, promote the sharing of information, or permit agents to specialize. There is...

The countries of the Middle Eastand North Africa (MENA) have lost the geographic advantage they used to have because of their proximity to the European Union at a time when Eastern Europe was effectively closed to open exchange with the West. The Central and Eastern European countries are...

A few years ago, many western companies were eager to consider investing in Eastern Europe and, more recently, in South Asia, where ongoing reform, large domestic markets, and cheap but qualified labor are transforming the region into a potentially fierce competitor for foreign direct investment...

The main objective of trade reform is to make markets more competitive and, by introducing competition among previously protected domestic firms, to change the behavior and performance of firms. Efficiency gains are achieved through increased productivity - more efficient use of resources - and...

Some propose that the Baltics seek deeper trade integration with the East to maintain existing trade flows and because the Baltics have had little market access to the West. The author argues against such integration, proposing instead that the Baltics improve trade relations with the West,...