International tourism is expected to be a major vehicle of economic development in industrializing countries in the 21st century, especially for Asia. To generate long-term growth, countries with tourism-based economies must develop strategies for employing their comparative advantages to...

Intro -- Contents -- Preface -- About the Authors -- Abbreviations -- Chapter 1 Competition, Competition Policy, and Growth -- Competition and Growth -- Product Market Regulation and Economic Performance -- Competition Policy -- Conclusion -- Notes -- References -- Chapter 2 Competitiveness and...

We study the role of exchange rates in industrial policy. We construct an open-economy macroeconomic framework with production externalities and show that the desirability of these policies critically depends on the dynamic patterns of externalities. When they are stronger in earlier stages of...