An estimated 22% of the world s largest firms are now effectively under state control, this is the highest percentage in decades. These firms are likely to remain a prominent feature of the global marketplace in the near future. The upsurge of state-owned enterprises (SOEs) as global competitors...

The World Trade Organization Agreement on Textiles and Clothing led to the termination of quantitative restrictions at the end of 2004. Under the agreement, countries will no longer be able to protect their own industries by means of restrictions on imports of textile and clothing products....

This publication identifies the requirements for successful reallocation of labor and capital to more efficient uses in response to the emergence of new sources of competition, technological change and shifting consumer preferences. At the same time, it focuses on limiting adjustment costs for...