In the strategic trade policy literature, the firms typically make positive profits at equilibrium policy levels. We show that this is not always true when firms from the developed (North) and developing (South) countries compete in the Northern market. In particular, the South firm may be...

This paper analyses competition in the professions, paying attention to the consequences for the price level and price differentiation in particular. This is relevant not only for the evaluation of competition policy, but also for monetary policy. If enhancing competition is successful, it may...

In the nineties, the number of currency crises has been high, both in the industrial world and among emerging countries. An important characteristic of many of these crises is that they started in one country but very soon affected others as well. Currency crises seemed to be contagious. In this...

The first part of the report contains a broad overview of the literature on foreign direct investment (FDI), with emphasis on the determinants of FDI in transition economies. The second part of the report presents the outcomes of an empirical investigation into the determinants of direct...

Globalisation is a highly controversial topic. Despite its potential for accelerating growth and reducing poverty (to which most policy makers and economist would agree) objections are often expressed about the position of developing countries, and a number of damaging side-effects of the...

Dutch Abstract: De nanotechnologische toekomst is vol beloften. Het aantal toepassingen in consumentenproducten is de afgelopen jaren aanzienlijk gestegen en de toepassingsmogelijkheden breiden zich steeds verder uit. De belofte van de technologie gaat echter gepaard met onbekendheid en...