This paper examines the role which the long term orientation (LTO) dimension of host country culture plays in transforming multinational corporations’ (MNCs’) focus from transaction cost to transaction value in the context of MNC subsidiary ownership and survival. We used a sample of 10,236...

This paper reviews economic developments in the Republic of Mozambique during 1990–96. Under the Economic and Social Rehabilitation Program (ESRP), the economy has made impressive economic gains. Real GDP growth averaged 6.7 percent in 1987–95, despite the civil war, a decline in...

This paper on recent developments and regional policy issues in the Central African Economic and Monetary Community (CEMAC) discusses the recent development and trends in economic integration. Trade restrictions and an uneven application of CEMAC rules constrain external and intraregional trade....

The article presents the initial proposal for the group risk measurement based on the comparison of two interconnected sets of webs. The risk scalar has been presented both for each separated subsidiary as well as for the group itself. It was shown the risk profile of the group could be...

To shed light on the difficulties in discussing the issue of protectionism, this study analyzes the overall impact of non-tariff measures (NTM) to the Philippine exports. It also attempts to make an inventory of NTM imposed by United States, Japan and European countries, affecting most, if not...

This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model encompasses an approximate linear panel dynamic stochastic general equilibrium model featuring a monetary transmission...

Part One of the Osaka Action Agenda has clarified the implications of the basic political commitment to free and open trade and investment in the Bogor Declaration and has set out operational guiding principles and a well-developed strategy of implementation. This paper seeks to build on the...

The Philippines does not have a comparative advantage in the domestic production of fertilizer. This is one of the thoughts conveyed by the article as it analyzes the government policies affecting fertilizer prices during the post-war period, with a focus on the policies after 1973. In addition,...

One of the recent European developments is the plan of creating a single market implying the removal of obstacles to trade in goods, services, capital and labor. Hence, it is worthwhile to examine the impact of such move to a small country like the Philippines, the growth of which depends...

As APEC provides venue for exploiting trade and investment gains in an integrated market, it allows the U.S. to strengthen its ties with the world’s dynamic economies and creates a global policy environment that promotes liberalization. Despite the tremendous benefits, however, the American...