Purpose – This paper aims to conceptually argue that China's trade surplus with the USA is good by clarifying its fundamental forces from specific perspective. Design/methodology/approach – China's trade surplus with the USA is simply the result of comparative advantage under the background...

Uses a conjectural variation approach to derive a general result concerning the equivalence of tariffs and quotas. Shows that, as long as the quota is binding, the equivalence of tariffs and quotas depends exclusively on the domestic firm′s conjectural variations. Specifically, the domestic...

This paper studies strategic R&D policy with endogenous timing of firms’ moves within a two‐period framework. Within this framework the government can make a policy commitment only in the second period due to an information lag vis‐à‐vis the firms. The firms can, if they choose, make...

Former socialist economies, as they are trying to engage in a process of transition from state socialism towards forms of a market economy, and as they are trying to open themselves up to international trade, find that extreme social tensions accompany this process which go right to the heart of...

This essay sheds light on the problems arising from trade between asymmetric countries, particularly when associated with a different degree of power. At present, when the importance of external trade is clearly increasing and different countries of different size, wealth and stage of economic...

This paper examines economic aspects of the Kyoto protocol on climate change, focusing on the protocol’s longer‐term impact and possible global evolution. Specifically, the analysis considers the economics of likely technological responses to the protocol and the implication of international...

Purpose – The purpose of this paper is to offer an introduction and background as well as a narrative to the development of an economic, social, technological and cultural phenomenon that has been sweeping across national frontiers since first being identified by Theodore Levitt in 1983....

Marketing adaptation has been considered a factor critical to a firm′s success in international markets. In order to know how companies can effectively adapt their marketing activities to international markets, one has to go beyond marketing function to understand the development of a firm′s...

Purpose – This paper aims to focus on the determinants influencing the internationalization of small and medium‐sized enterprises (SMEs) in India. The objective is to investigate and evaluate the business environment and, then, examine the importance of developing and promoting...

An increasing number of companies claim to pursue international supply chain management (ISCM), but the empirical evidence of successful implementation programs is still scarce. This paper aims to contribute to theory‐building in this area by presenting an exploratory causal model of goals,...