The paper examines the shifts in attitudes to foreign investment; charts the dimensions and composition of capital flows to develeping countries; outlines existing barriers and the effects of taxation on these flows, and critically examines the demand for their regulation in the light of the...

This paper notes that there is a need to get to a fourth stage in the evolution of the relationship of free trade to laissez faire going beyond the three stages identified in Max Cordon's magisterial book. In the first stage free trade was a special case of the argument for laissez faire. In the...

This paper argues that environmentalism has become a new secular Western religion, which threatens world disorder as well as the prospects of alleviating poverty in the Third World. It critically examines the Green agenda in terms of a number of prospective international environmental treaties:...

This paper examines the Japanese slump through the respecive macroeconomic spectacles of Hayek and Keynes, and shows that the decade old slump is Hayekian in nature, and its cure is hampered both by the high yen policy misguidedly thrust on Japan by the US as well the peculiarities of Japanese...

This paper looks at the historic engagement etween the great Eurasian civilisations since the voyages of discovery, and examine the extent to which the hopes of an independent and strong Asia, melding its own traditions with the modernity that the West has forced on it, have been achieved

This paper provides a critical historical evaluation of three general types of economic incentives and disincentives which have been used to influence state behaviour: (i) treaties concerning trade and international property rights of foreign capital, (ii) various status incentives from joining...

In the postwar years, most Third World countries turned inward partly in response to what they thought were the disastrous consequences of their 19th century integration into the world economy as the global economy collapsed in the Great Depression. The seeming success of Soviet central planning...