The factors that explain the level of intra-industry trade and its share of total trade in a multi-country version of the Helpman-Krugman model are derived. The role of similarity of endowment ratios and similarity of economic sizes differ in the multi-country version from the two country...

Internationalization of the world economy has made trade a key factor in the growth potential of nearly every nation’s economy. Hence, economists have become increasingly interested in the determinants of international trade and competitiveness. Empirical Methods in International Trade...

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 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...

It is hypothesized that the institutional acceptability of child labor will be more prevalent when the other members of a society gain from its use. Therefore, the cross-country variation in the prevalence of child labor depends on the degree to which child labor affects the welfare of the...

Europe's economic performance has deteriorated continuously over the last two decades both in terms of its unemployment and its labor force participation rate; more recently its productivity has declined relative to the United States. This is due to a complex interaction between the how these...

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 essay discusses the challenges in financing economic development in the eastern European and CIS economies. The advantages and pitfalls of extensively relying external capital are explored.

Migrant remittances are an increasingly important type of international financial flow for providing both additional resources for development as well as consumption expenditures for poverty alleviation. One geographical area where these flows are quite significant is in the CIS economies both...