Foreign direct investment into transition economies is reviewed in detail, both from aggregate data and from a survey of senior managers in 117 western manufacturing companies. It is found that host country transition progress, political stability and perceived risk influence FDI inflows as well...

Africa is well endowed with potential for hydro and solar power, but its other endowments - shortages of capital, skills, and governance capacity - make most of the green options relatively expensive, while its abundance of hydro-carbons makes fossil fuels relatively cheap.  Current power...

Climate policy requires that much of the world's reserves of fossil fuels remain unburned.  This paper makes the case for implementing this directly through policy to close the global coal industry.  Coal is singled out because of its high emissions intensity, low rents per unit value, local...

This paper investigates the scope for international rules to address market failures in trade in natural resources and the associated international transactions of prospecting and investment in resource exploitation. We argue that several market failures are likely to have substantial costs....

An important element of the cost of distance is time taken in delivering final and intermediate goods. We argue that time costs are qualitatively different from direct monetary costs such as freight charges. The difference arises because of uncertainty. Unsynchronised deliveries can disrupt...

Much of the excitement around the North American Free Trade Agreement (NAFTA) has been generated by anticipations of a strongly foreign investment response. Nevertheless, the plethora of applied papers about the NAFTA have all either ignored DFI or kept it exogenous. In this paper we provide...

In many African countries a market for private provision of formal sector mass housing is largely absent.  This is not inevitable, but is the consequence of policy failure surrounding five key issues.  The affordability of housing, with costs often inflated by inappropriate building...