The financial crisis of Mexico in 1982 and 1995 had a very different impact on the real sector. The first crisis led to a decade of stagnation while the second was resolved fairly rapidly. Although both crises were caused by a discontinuation and reversal of capital inflows, this paper argues...

La nueva teoría del comercio internacional deja de lado las diferencias entre los países en cuanto a recursos y se enfoca en las decisiones de los empresarios para presentar una visión alternativa de las implicaciones de la firma del Tratado de libre Comercio. La nueva teoría pone énfasis...

En la mayoría de los mercados de valores se encuentran problemas de gobernabilidad y concentración de poder. Colombia pertenece a está mayoría. El problema de pertenecer a esta mayoría es que, según la evidencia empírica internacional, los inversionistas minoritarios sólo quieren pagar...

Patterns of commodity trade and foreign direct investment are not consistent with the proposition that European economies are experiencing a process of increasing ‘globalization’. Internationalization takes place as economic integration within the European Union and the European Union...

Macroeconomic policy could be much improved if we had a better understanding of the working of the capitalist mechanism. Schumpeter - along with many other economists of the Austrian School - warned the Neoclassical School that the premise on which they were building their models, diminishing...

<u><strong>Resumen</strong></u>The purpose of this paper is to integrate and quantify the Blue Ocean Strategy for the business activities proposed by the Kim and Mauborge model and by Schumpeter´s competitive strategy. It analyzes the importance of innovation and scale economy in Colombia, based on information from...

This paper examines the entry and exit, and the labour productivity, of Indonesian manufacturing firms with 20 workers or more, using a firm-level panel dataset constructed for the years 1994-2000. Overall change in manufacturing labour productivity reached 27.2%—an average growth of 3.5% per...