The Theory of the Second Best implies that any country with less-than-ideal resources can lose from international trade. Recently it has been suggested this means the South (poor countries) are better off suppressing trade with the North, especially trade in natural resource products, since the...

The costs of import substitution (IS) as a strategy for industrialization, which was deemed synonymous with economic development by many development economists of the fifties and sixties, were shown to be substantial in the influential and nuanced studies of the seventies and eighties under the...

This article deals with the analysis of the positive side of the foreign direct investments in the World´s economy. The importance of this research is derived from the significant role that can be played by foreign investments in industrialized and developing countries. Some countries are still...

This paper delves into China’s differential growths in trade flows with high income and developing countries by focusing on bilateral content of trade data over the time period 1978-2005. Unlike other studies, we account for end use of traded goods ranging from primary, intermediate, and...

This article deals with the trade with coffee. The primary aim of the paper is to analyse the international coffee trade. Because coffee belongs to the cash crops we have focus on the production. We have analysed the structure of the trade concerning the green (not roasted) coffee, roasted...

The significance of standards in international agricultural trade is continuously rising. Due to their complexity, especially private industry standards are often expected to have a negative impact on agricultural export sectors in developing countries. The successful adoption of standards by a...

Exports play an important role in the economy of Bosnia and Herzegovina, influencing the level of economic growth, employment and the balance of payments. The objective of this research is to analyze impact of the firm size (revenue and number of employees) on export performance in manufacturing...

The negative correlation between resource endowments and GDP growth remains one of the most robust findings in the empirical growth literature, and has been coined the “resource curse hypothesis”. The policy consequences of this result are potentially far reaching. If natural resources are an...

"Starting about the late 1960s there have been increasing fears that economic growth would soon lead to the exhaustion of raw materials and, food supplies, or environmental damage of one kind or another. These fears have been accompanied by widespread appeal to the concept of sustainable...