Many developing countries see in joint ventures a convenient means of pursuing their economic development in their own way without forgoing the benefits to be derived from foreign investment capital and know-how. The following article presents some of the findings of an empirical study by the...

By looking at how an East Asian currency moves when the yen fluctuates sharply against the US dollar, we sometimes find that the reaction has been much more significant than would be suggested by the econometric estimates of the weight of the yen in nominal exchange rate determination. Moreover,...

The Association of South East Asian Nations (ASEAN) has, from the point of view of the big powers, become an important factor in the balance of power struggle. Political as well as economic reasons seem to suggest closer relations with the People’s Republic of China.