Based on theory and on evidence from the Southern Cone the following paper concludes for emerging market economies (1) that fiscal reform is of utmost importance for macroeconomic reforms, (2) that credibility cannot be imported via a fixed exchange rate but has to be established by internal...

Japan's direct investments have become an important factor in the economic reality of South East Asia. The following article gives a structural description of the present state of Japanese direct investment in this region.

The developing countries are caught in the cleft stick of assertion of national interests and independence, on one side, and need for an improved investment climate to attract foreign direct investment, on the other. The question facing the foreign firms is how they can safeguard their capital...

The investments of residents of the Federal Republic of Germany in economic areas abroad and of non-residents in the economic area of the Federal Republic are the subject of the following article. Their development over the last fifteen years is analysed in regard to their geographical location...

In 1973 the Department of Trade and Industry has published a commissioned study of the effects on Britain of the inward flow of foreign direct investment. The present article summarizes some of the conclusions of this report, but is not meant to be a review of it, as it is written by its...