The debate on trade and growth increasingly focuses on the composition of exports. Exports of more "sophisticated" products appear to be positively correlated with growth, and upgrading the quality of exports is high on the policy agenda of many countries. This study presents evidence suggesting...

Post-independence, Malaysia has implemented policies to encourage private foreign investment (PFI) in the manufacturing industries through a plethora of incentive schemes (tax relief, pioneer status, investment tax credits, export incentives, locational incentives). The incentive schemes aimed...

In a Volatile, Uncertain, Complex and Ambiguous world, technology disrupts and globalization magnifies and propagates the dramatic changes in the workplace, in communications and transactions, and the way companies operate and create value. New groups of multinational companies emerge ("Digital...

Does official aid pave the road for private foreign investment or does it suffocate private initiative by diverting resources towards unproductive activities? In this paper we explore this question using data for a large number of developing and emerging economies. Controlling for countries'...

Istanbul metropolitan region is the economic heart of Turkey, which is generally listed among the emerging economies of the last decade. Although compared to other European regions foreign capital and investment are underrepresented in Istanbul, economic growth and the stability of Turkey in the...