A simple look at nominal or effective tariff rates is not sufficient to analyse the trade policy. One has to consider the overall effects of protection, and by definition this requires a general equilibrium approach. The present paper aims to fill this gap in the literature. It makes use of a...

Last year’s foreign investment was actually higher than for the years 2008, 2009, and 2010 combined.

Este artículo analiza las grandes transformaciones que está experimentando la economía mundial. Aborda los aspectos tecnológicos, demográficos, macroeconómicos, climáticos y de distribución de la renta, así como sus implicaciones sobre los nuevos equilibrios de poder en la economía...

Charles P. Kindleberger is widely regarded as among the most accessible and intelligent practitioners of the economist's craft. This collection of his papers and lectures, articles and reviews, prepared over the past decade, focuses on the role of multinational corporations in the international...

After a quarter of a century of floating among the major currencies, exchange rate policy is still source of vexation, and the appropriate choice is by no means clear. Should a country allow its currency to float, subject perhaps to exchange market interventionl from time to time? Or should it...