Both the increasing mobility of capital and the globalization of enterprises has changed world markets in the last two decades. The economies of South-East Asia, especially Japan and South Korea, are no longer the work benches of the western industries, but they were very successful in catching...

Sowohl auf theoretischer als auch auf empirischer Ebene wurde die wichtige Rolle privater und staatlicher Investitionstätigkeit für das Wirtschaftswachstum deutlich. Zu betonen ist hierbei, dass beide Investitionsarten in einer komplementären Beziehung zueinander stehen, so dass ein...

The paper emphasizes the transition in Russia and the role institutions played before and during the process. In Russia, a "big bang" approach was applied. That is to say, transition was conducted all of a sudden, omitting important underlying reforms. This practice should function as a shock...