There is no doubt that the open multilateral trading system after World War II was a key ingredient in the rapid … economic development of the entire world. Especially in Hong Kong, Korea, Singapore, and Taiwan, exports increased dramatically … emerge as significant factors affecting world trade. This volume contains thirteen papers that analyze the tensions between …

Among fast growing developing countries, India is distinctive for the role of the service sector. However, sceptics … underscores the importance for India of continuing to invest in labour skills. We conclude that sustaining economic growth and …

of the U.S. central bank reducing its security purchases, had a sharp negative impact on emerging markets. India was … toward a financial crisis. This paper contends that India was adversely impacted because it had received large capital flows … rebalance away from emerging markets. In addition, India's macroeconomic conditions had weakened in prior years, which rendered …