This paper argues that the currently established welfare criterion used in international trade theory results in conclusions that are not only intellectually dishonest and deceptively misleading but are not as value free as is commonly believed. This is the result of using the Hicks-Kaldor...

This paper discusses some broad conceptual challenges that need to be addressed in order for the world to benefit more from the ongoing process of globalization. At the broadest level, the theme of this paper is that globalization requires a complementary institutional infrastructure that needs...

This paper shows how the process of outsourcing results in economic changes in factor usage and productivity in developed countries that might be misinterpreted to be biased skilled-labor using technological change. Presented at the 13th International Conference,Istanbul, San Antonio, Texas, May...

This paper examines the reasons for the deterioration in Europe's economic performance. Presented at the 15th International Conference,Istanbul, Turkey, May 2005.

The CIS countries were subject to severe economic shocks in the early 1990s that have yet to be fully absorbed; this is especially true for their manufacturing industries. Manufactured exports fell dramatically after the breakup of the Soviet Union both absolutely and as a percentage of total trade;...

Many of the emerging market economies in Europe are presently running current account deficits which are quite high relative to any global or historical standard and are fundamentally unsustainable. This includes the three poorer European Union (EU) members of the old Europe (Greece, Portugal,...

This paper examines the U.S. Free Trade Agreements with Chile and Singapore. The structures of the agreements are explained, the existing economic conditions of the countries are examined, the bilateral trade pattern between these nations and the United States is provided, a summary of the major...

This paper investigates how U.S.-Mexican intra-industry trade (IIT) has evolved since the creation of the NAFTA beginning in 1994.

In spite of its growing importance, the international trade literature has neglected the study of the service sector. This paper seeks to start to bridge that gap by studying the structure of services trade. Specifically, this paper looks into the prevalence of intra-industry trade in this...