In this paper we investigate the effects which economic integration exerts upon the magnitude and character of foreign direct investment (FDI) flows. Drawing upon the existing literature on trade flows we investigate the impact of regional integration agreements (RIAs) on FDI flows and analyse...

This paper argues that the trend and volatility in the terms of trade need to be treated not as separate phenomena but rather as 'twin-pillars' of the same underlying problem faced by LDCs; namely their heavy dependence on primary commodities (or more recently upon components and parts of...

In a distinguished career spanning more than four decades, Jagdish Bhagwati has made numerous contributions to both trade theory and trade policy analysis. The current paper focuses on Bhagwati's major contribution to the ongoing debate surrounding the influence of trade liberalisation upon...