Recent studies on the welfare implications of internationally mobile capital for a country employing commercial policy have been restricted to constant‐returns‐to‐scale (CRS) production models. It is generally concluded that the pursuit of such policies is welfare‐decreasing under CRS...

Provides a policy basis for increasing tourism employment advantages for The Gambia. Emphasizes the need for co‐operation between the Government of The Gambia and overseas private tourism entrepreneurs in the context of training programmes. The Government needs to provide the right atmosphere...

This paper explores the potentiality of export processing zones (EPZs) as a development strategy for Sub‐Saharan African countries using the Mauritian EPZ model as a case study. In the literature positive relationships between export expansion and economic growth and between EPZs and export...

This article examines the behavioural and organisational reasons why the investment promotion materials of state‐owned enterprises in some developing countries are very poor as marketing literature. It gives examples selected from nine LDCs′ publications to illustrate specific ways in which...

Attempts to incorporate the “new forms” of foreign investment into a unified model. Uses this simple model to show how differences in production environment in particular, are likely to affect both the timing and mode(s) that any foreign investment is likely to take. The explanatory...

Using a differentiated oligopoly, this paper studies the effects of tax incentives on the structure of a domestic industry in terms of price, output, profit, and entry/exit, taking account of technology transfer through FDI. It is found that if the government of the host country provides more...

Reports concerns that the lifting of restrictions on portfolio investment by foreigners would lead to overheating or excessive volatility in the capital markets of developing countries. Describes the abrupt lifting of restrictions on the Karachi Stock Exchange in Pakistan, given six notable...

Investigates whether the Bombay Stock Exchange behaves like an efficient market, or whether it displays a typical seasonal pattern. Takes mean daily returns between 1979 and 1990 to discover by regression that there is a December effect. Considers whether this is because of holidays, broker...