The intangible assets conducive to foreign investment derive not from research but from marketing networks and production skills. The factors most affecting foreign investment in Asia include the human capital of the hosts, the behavior of competitors, and whether earnings can be repatriated....

Inflation persists at moderate rates (15-30 percent) in all the countries that successfully reduced triple-digit inflation in the 1980s. Several other countries--for example, Colombia--have experienced moderate inflation for prolonged periods. The authors introduce types of theories of...

Using a specially designed survey, the authors identify the characteristics of Japanese firms likely to invest world wide and in key Asian countries and country characteristics associated with Japanese investment in Asia. Investment abroad is related negatively to research and development (R&D)...

The authors develop comparative indices of environmental policy and performance for 31 countries using a quantified analysis of reports prepared for the United Nations Conference on Environmental and Development. In cross-country regressions, they find a very strong, continuous association...

This paper studies the choice by Japanese multinationals of Asia and of specific Asian countries as investment destinations. High costs in Japan exert a general push towards investing in Asia. Unlike investment in the US and Europe, trade barriers do not drive Asian investment. While domestic...

This paper develops comparative indices of environmental policy and performance for 31 countries, using a quantified analysis of reports prepared for the United Nations Conference on Environment and Development (UNCED). In cross-country regressions, we find a very strong, positive association...