own. These intermediate services are often non-traded, or costly to trade, and are best transferred through foreign direct … quite different from those that impact on trade in goods. We develop a model of these services in this paper. Results show … pattern of trade in goods can reverse when FDI is permitted, and (3) the optimal tax on FDI (which we do not advocate as a …

region. We find that features of a country associated with more trade with either Japan or the United States also tend to be … important exception. Despite U.S. concern about its trade deficit with Japan, we find Japan to be much more open to the United … endowments theory would predict, the United States tends to trade more with densely-populated countries, while Japan tends to …

, we provide a synopsis of China's foreign trade and investment both in terms of patterns and volumes. The paper highlights …The First Opium War (1840-42) was a watershed in the history of China. In its aftermath Britain and other countries … forced open new ports to foreign trade through international treaties. Chinese institutions of trade were abolished and re …

factors to the role of capital flows in the currency crises in different countries, especially Thailand, Indonesia, and Korea …

investment in Korea. A key finding is that, investors from low-disparity countries disfavor high-disparity stocks in Korea, but …

with those obtained by Reisen and Yches (1993) which indicated a single opening and closing for Korea, and no structural … break for Taiwan. They also differ from those results of Jwa (1994) indicating two temporary openings for Korea. Greater …

We view the political process in China as trading off the social benefits of increased trade and foreign direct … of this model are estimated using province-level data on foreign direct investment and trade flows in China, over the … China may find it politically difficult to follow through with liberalizing its trade and investment regimes, such as under …

" businesses and technology pioneered by China, and that a system where only rich countries lead in innovation could limit … the dramatic growth of high-potential entrepreneurship and venture capital in China. First, using comprehensive data on …-level economic indicators, we find that this effect was driven by country-sector pairs most similar to their counterparts in China …

In the mid-1950's, Turkey was a much richer country than Korea. With about the same population, Turkish GNP was about … three times that of Korea, Turkish exports were fifteen times those of Korea, and the Turkish savings rate was much higher … than Korean. By 1980, the situation was dramatically reversed, as Turkish income was 40 percent below Korea's, Turkish …