This paper studies the effects of foreign participation on economic performance in Lombardy, a Northern Italian region accounting for more than 40% of Foreign Direct Investment inflows in Italy. We employ a large database consisting of balance sheet and foreign ownership information for more...

For more than a decade Europe has been lagging behind the US in growth of aggregate GDP, per capita GDP, productivity, employment, as well as in demographic selection of new firms and in the design of market-friendly regulations. While an increasing trade agglomeration around large "regional"...

As Riccardo Faini wrote in the paper that gave rise to this VII Commission's Working Group, “… today we can see the need for a profound reform of international institutions that eliminate or at least reduce the inequalities that penalize developing countries, one that simultaneously allows...