Ever since the time of Adam Smith, the attribution to foreign trade of the abilityto affect the wholesale transformation of the productive powers of an economy hasremained a very powerful concept in both economics and economic history. At theheart of this interpretation is the observation that...

Under the international economic order which prevailed between the end of mercantilism and decolonisation (referred to in this essay as liberal imperialism) the costs of transacting, transporting and trading commodities, both within and across national and imperial frontiers declined sharply.1...

Die vielbeachtete Dynamik des wirtschaftlichen Wandels im ostasiatischen Raum stellt für die dortigen Länder nicht nur den erfreulichen Weg zum Wohlstand dar, sondern ist gerade durch die erreichte Geschwindigkeit eine immense Herausforderung an Flexibilität and Anpassungsfähigkeit der...

Aspiring to become a member of the World Trade Organization (WTO) the Vietnamesegovernment is confronted with tremendous political, economic and institutionalchallenges. Issues to be addressed are not only technical questions such as the tariffregime, industrial and agricultural subsidies,...

When adjustment costs are present, cyclical preference and technology heterogeneities in aproduct’s markets induce cycles in production. We exploit cyclic and dihedral groupinvariances in an industry’s cost technology to describe these patterns. We show whenequilibrium cyclical pricing and...

This paper explores the ways in which global resourceallocation affected the pattern of Japanese (and later East Asia’s)industrialisation, and how it eventually came to underpin the courseof Japanese imperialism and aggression in the 1930s.The Western impact on Asia during the second half of...

Financial Services Plurilateral Request; The Recent CTFS Meetings; CTFS Informals; CTFS Mandate; Status Quo in CTFS...