Since the end of the Cold War, developing a better framework to correctly recognize which direction globalization and the transition will take us has been necessary. The transition economies of China and Central Europe, in particular, hold significant implications for East Asian integration and...

Since the Indian government had traditionally viewed power as a key infrastructure sector, it was the first to be opened to foreign direct investment in 1991. Foreign power companies were allowed 100 per cent ownership, automatic investment approval and other incentives. In response, all of the...

This paper aims to identify the main determinants of FDI in Latin America during the period 1990–2010. Evidence points to positive influences on FDI inflows of trade openness, maintaining low short-term debt levels and presenting a balance of payment deficit, government stability and low...

The paper examines the theoretical basis of fair trade as justice. Grounded largely in the work of Amartya Sen, it looks at the origins, motivations, and elements of fair trade. Fair trade is examined as a potentially transformational form of justice. The intellectual merit of this paper is to...

The study analyses whether there is long term comovement among the African daily stock market indices using bivariate and multivariate Johansen cointegration. Using the Vector Error Correction Model (VECM), we then examine the short run dynamics for the market portfolios where cointegration...

The analysis of a new dataset on state prisoners in the 1900 to 1930 censuses reveals that immigrants rapidly assimilated to native incarceration patterns. One feature of these data is that the second generation can be identified, allowing direct analysis of this group and allowing their...

Employing data on foreign bank claims from 13 OECD countries on 51 emerging markets between 1993 and 2007, this study investigates specific characteristics of OECD banking markets and lending banks as new important determinants of cross-border lending. We initially provide empirical evidence...

In the framework of the current global economic crisis, a pertinent question is whether the world economies are suffering from contagion or interdependence effects. With its origins in the US sub-prime mortgage market crisis starting at the end of 2007, when a loss of confidence by investors in...

In the last two decades, the world economy has been challenged by different economic and financial crises. These events have captured researchers' attention, and in particular, the analysis of contagion effects derived from stock market shocks has been a focal point of discussions. This paper...