Launched as a political bloc and security pact in the aftermath of the Viet Nam War, the Association of Southeast Asian Nations (ASEAN) has evolved to embrace an ambitious economic agenda. Its latest project is to establish the ASEAN Economic Community (AEC) by 31 December 2015. Fulfilling these...

Launched as a political bloc and security pact in the aftermath of the Viet Nam War, the Association of Southeast Asian Nations (ASEAN) has evolved to embrace an ambitious economic agenda. Its latest project is to establish the ASEAN Economic Community (AEC) by 31 December 2015. Fulfilling these...

Five years after its inception, the Gulf Cooperation Council (GCC) single market is malfunctioning in a litany of ways: there remain restrictions on the movement of goods, capital and labor across political boundaries. This paper describes the GCC single market’s malfunctions. We also propose...

When we talk about international integration, trade and investment, the it’s-all-about-geographic-proximity is a tempting argument to make. While the importance of geographic closeness cannot be denied, empirical evidence suggests existence of other, perhaps equally significant factors that...

This paper utilizes a specific factor model where rewards to labor and capi - tal, and employment are determined by efficient bargaining between entrepre - neurs and workers in each sector. Union threat points arise endogenously since workers’ outside opportunities in one sector depend on the...

The partial effect of nominal exchange rate volatility on exports from each EMU member to the rest of the EMU is estimated on annual data for 1967-97, using modern time-series methods.

This paper examines the growth of money laundering in conjunction with the associated development of offshore finance centers (OFCs) located in small places such as islands or microstates in the Caribbean and elsewhere. The paper then examines recent policy developments concerning money...

This paper depicts an industrial district as a center of innovation and production in a sector characterized by horizontal product differentiation. Local technological externalities sustain the endogenous invention of new varieties by profit-seeking firms.

This paper focuses on finding out the leading sectors with high potential to maintain and consolidate the comparative and competitive advantages of the Romania’s exports and analyses the change in the pattern of Romanian export specialisation by estimatin