In the OECD countries, the recovery from the slump of 2001 was slow and painful. According to preliminary figures, these countries managed a growth in GDP of 1.3 percent in 2002, compared to 0.8 percent in 2001. In view of the geopolitical vagaries of the second half of 2002, demand for...

This paper empirically examines how a host nation's market characteristics, particularly its market maturity and role as an export platform, affect the amount of inward FDI it receives and its FDI - bilateral trade relationship with the FDI source. For the period 1989 - 1999, using...

Issuance in the samurai bond market has more than tripled over the past several years. Some observers have attributed this growth to a systematic underestimation of credit risk in the market. A detailed review of credit quality, ratings differences, and initial issue pricing in the samurai bond...

Despite an appreciating yen, Japanese firms have managed to maintain strong export sales growth during the first half of the 1990s. Their strategies? Cutting the yen price of exports and shifting production to higher-value merchandise.