The objective of this article is to identify the nature of the relationship between the financial sphere and the productive sphere. First, disclosing the various theoretical and empirical studies on the so-called relationship, then highlighting the nature of the relationship between the two...

Executive Summary UNCTAD IX is taking place at an important historical juncture. The conclusion of the Uruguay Round negotiations and the establishment of the World Trade Organization have contributed to the emergence of a new world order in matters extending well beyond traditional trade...

The ultimate objective of the present paper is to empirically investigate the effectiveness of competition policy in developed and developing countries. Although its importance is continuously increasing, the effectiveness of competition policy still seems to lack the attention that it would...

The article evaluates the financial convergence criteria of Ukraine with the major countries of the Commonwealth of Independent States: Russia, Kazakhstan and Belarus. It also studies the criteria of financial convergence of Ukraine with its main trading partners in Europe: the Eurozone, Poland,...

The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (1999, 2004) to evaluate the effectiveness of various regional trade agreements by examine the goods market integration between trading partners using purchasing power parity (PPP). The...

Using annual data (1970-2004), this study re-examined the hypothesis that exchange rate volatility may dampen export demand in Malaysia and Turkey. In particular, this study attempts to investigate the impact of exchange rate volatility on exports after taking into consideration the presence of...

State and government leaders of the African Union adopt and implement efforts for regional integration as a common strategy for the development of the continent. The objective at continental level is the establishment of the African Economic Community as the last of six consecutive stages,...

A collection of the papers and digests on the issues related to regional economic and political integration, primarily in the post-Soviet space. An annual publication of the Eurasian Development Bank edited by Evgeny Vinokurov, director of EDB Centre for Integration Studies.

I examine the effects European integration has had on intra-EU trade relationships between 1962 and 2005. I find that the stability of intra-EU trade relationships as reflected by their duration has been negatively affected by the persistent integration with duration decreasing and the hazard of...

The Brazilian integration strategy has been focused on agreements based upon North-South and South-South negotiations. However, such negotiations based upon tariffs and non-tariff barriers face serious troubles to be done. This paper is aimed at appraising options of economic integration...