The Global Credit Crisis of 2008-09 has underscored the urgency of reforming the international financial architecture. While a number of short-term reforms are already in train, this paper contemplates more ambitious reforms of the international financial architecture that might be implemented...

The main objective of the following article is to present the key findings of the existent research in the field of the influence the introduction of the euro had on the trade of the member states of the Economic and Monetary Union (EMU). The intention of this article is also to inspire further...

The book adresses a topic that is of great importance, both from theoretical as well as practical perspectives. Selected theoretical aspects of direct investment and multinational enterprises and their embedding in modern foreign trade theory are the focus of Broll's research. For the...

Hungarian agriculture has gone thru a long and difficult development since the First World War. The semi-feudal agriculture of the Horthy era between the two World Wars was followed by a land distribution after the Second World War, which created an agricultural system dominated by smallholders....

The study is emphasizing the weak performances of the Romanian economy, unable to turn positive the current account deficits. On the contrary, because of rising problems in deficits financing through autonomous flows, the debt accumulation could lead Romania on the brink of entering a financial...

Market Structure and Foreign Trade presents a coherent theory of trade in the presence of market structures other than perfect competition. The theory it develops explains trade patterns, especially of industrial countries, and provides an integration between trade and the role of multinational...

Purpose – The purpose of this paper is to simulate the function of foreign trade, foreign direct investment (FDI) and regional gross domestic product (GDP) in China, explore how these two variables affect regional GDP together and provide evidence to export-led growth (ELG) and FDI-led growth....

This paper analyses the process of internationalization of Brazilian manufacturing during the nineties. Important differences were found comparing the Brazilian experience to the cases of Mexico, South Korea and China. In Brazil, the "inward" internationalization process was characterized by the...

The significance of a common language in foreign trade hinges on translation as well as the ability to communicate directly. In fact, without admitting the facility of translation from one or two selected languages, it is impossible to explain adequately the impact of a common language on...

This paper aims at empirically assessing the demand effects of changes in functional income distribution for the Netherlands. Based on a Neo-Kaleckian theoretical macroeconomic model, equations for the main demand aggregates (consumption, investment, exports and imports) are estimated. The...