International connections through trade, foreign direct investment, migration, the Internet, and other channels are critical for the transmission of knowledge and growth and form macroeconomic linkages. But how much knowledge is transmitted to a country is not only the result of the overall...

Like many other developing countries, South Asian nations have been experiencing increased foreign direct investment inflows over the past decade as developing countries get a larger share of cross-border investments that were once sent to developed countries. Nonetheless, South Asia's inflows...

This issue of the Economic Letter finds that Latin America hasn't lost faith in open markets, despite recent left-leaning election results. ; In analyzing several economic policy measures for 12 nations that make up the bulk of the Latin American population, authors William C. Gruben and Richard...

At the end of September 2008, U.S. policymakers had been working for more than a year to contain the shock waves from plunging home prices and the subsequent financial market turmoil. For the Federal Reserve, the crisis has given new meaning to the adage that extraordinary times call for...

The two Asian giants have achieved rapid and sustained growth -- China by focusing on goods, India by tilting toward services.