This chapter picks up the century-old communist idea that this system will one day evolve to dominate the capitalist system. Now that China is successfully catching up, it not only has gained considerable weight globally but it is also an emerging power in its own region of South East Asia....

This paper compares the traditional gravity model with a bidirectional approach when multilateral resistance is implemented to analyze the effect of inward foreign direct investment (FDI) on exports. We use cross-sectional HS trade data disaggregated at a 6-digit level in 2010 with controls for...

Recent evidence suggests that regional economic integration provides an important stimulus not only to trade, but also to FDI. In contrast, the available theory on FDI does not yet provide empirically testable propositions on the effects of concurrent trade and investment liberalisation....