This volume appears at a time when there is tremendous interest in direct investment of one country in the industry of another. It brings together papers by leading economists from North America, Australia and Asia, and provides an excellent introduction to this currently important economic...

A frontier of potential trade is constructed for trade flows from a world trade matrix of trade determinants to compare East Asian trade performance with that of South Asia. The results suggest that East Asian trade, led by ASEAN, is outperforming the world while South Asia lags behind...

This article applies a game-theoretical analysis of institutions to the international institutional architecture, of which the G20 is treated as a central element. The article argues that international institutions such as the World Trade Organization or the International Monetary Fund are best...