From the mid-1950s to the early 1990s, Japan grew faster than any other major industrial economy, displacing the United States in dominance of worldwide manufacturing markets. In the 1970s and 1980s, many books appeared linking the apparent decline of the United States in the world economy to...

Do international trade and finance flow together? In theory, trade and finance can be substitutes or complements, so the matter must be resolved empirically. We study trade and financial flows from the United Kingdom from 1870 to 1913 and the United States in the interwar years. Trade and...

The higher education international market is currently in a continuous development. In this article, we have analyzed the statistical data in order to determine Central and Eastern European countries’ flows of higher education. The aim was to see to which extent these countries are involved in...

This paper examines the lessons of the interwar period to place current concerns regarding a return to protectionism in historical context, highlighting the unique and one-time changes in voting rights that took place during the period and their relationship with trade policy. A particularly...

This paper examines the lessons of the interwar period to place current concerns regarding a return to protectionism in historical context, highlighting the unique and one-time changes in voting rights that took place during the period and their relationship with trade policy. A particularly...

The higher education international market is currently in a continuous development. In this article, we have analyzed the statistical data in order to determine Central and Eastern European countries’ flows of higher education. The aim was to see to which extent these countries are involved in...

In the pure theory of international trade the foundation of commodity exchange is based upon differences in autarky relative prices. The theory of comparative advantage attempts to precisely define this foundation by formulating a systematic relationship between the pattern of comparative...

Based upon the foundations of mean-variance decision-making theory, we demonstrate that a change in the risk situation of an international enterprise open currency position does not inevitably require a corresponding hedging accommodation. Given a new risk situation, whether a revision of the...

The Heckscher-Ohlin model with arbitrary number of goods, factors and countries (consumers) and no restrictions on factor trading is shown to be equivalent to an exchange model whose goods are the productive factors while consumer’s indirect demands for factors are derived from their actual...

The Heckscher-Ohlin model with arbitrary number of goods, factors and countries (consumers) and no restrictions on factor trading is shown to be equivalent to an exchange model whose goods are the productive factors while consumer's indirect demands for factors are derived from their actual...