European multinationals show a growing divergence in their response to the formation of regional trade blocs, according to evidence from seven industries. European firms that are strong competitors at the world level are able to adjust aggressively to changes within Europe without disturbing...

In the past decade, a number of Third World countries have emerged from their economic status as sources of raw materials or as sweatshops in which low-wage, low-skilled workers produced goods for the richer nations. Now they are themselves manufacturing and consuming high-quality,...

The 1980s and 1990s brought new protections to foreign investors in risky countries. Yet, the assurances failed to meet investors needs, imposed sometimes inordinate costs on poor countries, and widely rankled nationalistic sensibilities. The book's case histories suggest reforms for...