What I will try to cover in this memo is first a brief summary of what I call the regional domino policy of the U.S. to provide the background to the origins of the FTAA. I will then review the main features of the transformed political economy of the global trading system in the WTO, including...

In her paper, Sylvia Ostry argues that if China had joined the GATT, the negotiations would have been far easier since market access under GATT was mainly about border barriers. But since the Uruguay Round the concept of market access has been extended to include not only domestic regulatory...

This article reviews the relevance of the transactions-costs model to the role of the firm in production and diffusion of knowledge. A revival of interest in technology, productivity and growth has generated a new empirical and theoretical literature. A review of these developments suggests that...