The aftermath of the global financial crisis of 2007-2009 has called the export-led growth model of Asian economies into question. This paper describes the contribution that macroeconomic policy can make to promote a rebalancing of growth away from dependence on exports to developed economies to...

We examine the foreign direct investment (FDI) spillover effects in developing countries and investigate the importance of the absorptive capacity of a firm and a country in realizing and facilitating FDI spillover. We use data obtained from the World Bank’s Enterprise Surveys for 107...

This paper gives an overview of the causes of the European debt crisis and the consequences for the external relations. It finds that political mishandling has increased uncertainty, which has contributed to a tendency for the euro to become weaker

The paper looks at some issue-based plurilateral agreements — such as the Information Technology Agreement (ITA), the Financial Services and Basic Telecommunication Services Agreements, and the Anti-Counterfeiting Trade Agreement (ACTA) — with the aim of pointing to their crucial role in...