Definition of what constitutes the national interest test has been deliberately kept vague. The foreign investment test acts as a filtering mechanism where the burden of proof regarding incoming foreign investments being against national interests rests with the Government, not with the...

Central and Eastern European countries with the liberalisation process and the recent accession to the EU are, nowadays, well engaged in trade with partner countries and at the same time receive significant and increasing interest from foreign investors. Trade and Foreign Direct Investment can...

We examine the economic effects of barriers to entry and rigidity of wages signaled by the foreign currency translation adjustment on multinational firms' stock returns. Specifically, based on economic theories an appreciation (depreciation) of the foreign currency exchange rate could signal (a)...

This chapter is from the book "Conquering Global Markets: Secrets from the World's Most Successful Multinationals" which presents the findings of one of the largest research projects undertaken of its type. Senior executives from fifty multinational companies from sixteen countries were...

The global pharmaceutical industry is in an era of greater uncertainty because of looming patent expiries of established drugs having a direct impact on their sales and profitability. Further discovering new drugs in-house is a risky, time consuming and expensive proposition. This has forced...

Copyright is no longer a matter of promoting the progress of science in the words of the U.S. Constitution. It is now more than ever before a matter of trade. Furthermore, under the WTO's TRIPS Agreement, we now have a global copyright (Gcopy;) regime. The globalization of copyright law...

This paper estimates the impact of liberalization of temporary movements of individual service suppliers on trade in goods and services. In particular, the paper looks at the impact of the so-called forth mode to provide a service on trade in services under the other three modes: cross-border...

This paper estimates the impact of liberalization of temporary movements of individual service suppliers on trade in goods and services. In particular, the paper looks at the impact of the so-called forth mode to provide a service on trade in services under the other three modes: cross-border...

This deals with the technological development implications of the substantial and long-dated presence of foreign-owned affiliates in the Argentinean manufacturing industry. It put forward the argument that the learning process of foreign-owned firms should be central in the analysis of the...