This study is a review of the recent trends in development economics research. The focus is on the development in the recent decades as a result of increased globalization of knowledge, technologies and economies. In particular I look at the development in a number area where similar trends are...

The International Investment Position records the value of foreign assets and liabilities of an economy in a given date. Its evolution is determined by the financial transactions of the Balance of Payments, which affects the volume of assets and liabilities, by differences in the valuation of...

I model how the interplay among institutional quality, trust and contract incompleteness affects firms' decisions about their international mode of organization. A producer wants to form a partnership with a foreign distributor, through either Outsourcing (O) or Foreign Direct Investment (FDI),...