We examine some controversial country-specific factors influencing vertical and horizontal intra-industry trade including foreign direct investment and income distributions. As concerns, the effect of differences in countries’ levels of economic development (richness), both theories and...

The sub-prime crisis began in mid-2007 as a bursting of the US housing market bubble and became a truly global meltdown in 2008. Renewed instability in financial markets precipitated awareness of how policy makers must react to systemic failures. This paper discusses the primary policy issues...

This study aims at examining the role of the international trade and financial integration behind the impressive economic growth rates of the BRIC economies. It employs a Barro-type growth model encompassing several robust correlates of economic growth and alternative measures of international...