This paper studies the endogenous determination of financial and trade openness. First, we outline channels leading to two-way feedbacks between the different modes of openness; next, we identify these feedbacks empirically. We find that one standard deviation increase in commercial openness is...

Using data from a panel of developing economies from the 1982-98 period, the claim that the International Monetary Fund precipitated financial crises during the 1990s by pressuring countries to liberalize their capital accounts prematurely is evaluated. Examining whether the changes in the...

The purpose of this paper is to investigate the intertemporal linkages between FDI and disaggregated measures of international trade. We outline a model exemplifying some of these linkages, describe several methods for investigating two-way feedbacks between various categories of trade, and...

Since 2000, Hawaii's economy has done relatively well over time and the state's per capita personal income is higher than the U.S. level both. Hawaii's poverty rate is also lower than the mainland's. But in the midst of this prosperity, Native Hawaiians have substaintially higher poverty rates....

Since the late 1980s, minimum wage have become an important plank of the Indonesian government's labour policy. Minimum wages have increased faster than average wages and GDP. As a result, minimum wages have become binding for the majority of workers. This study finds that minimum wages have a...

The dynamism and persistence of competitiveness among industrial clusters, even in the wake of globalization and liberalization in the 1990s, had led researchers to explore the causes of dynamic efficiencies at the cluster level. Cluster studies in the 19880s focused on static advantages of...

Placing global production networks (GPN) on the Internet poses a fundamental challenge, but also creates new opportunities for managing in Developing Asia. Network flagships can now select best-performing suppliers on a global scale, increasing the pressure on Asian suppliers. But the transition...