In many globalized industries, vertical outsourcing seems to co-evolve with horizontal integration in the component sector. In order to account for this phenomenon, I incorporate modularity into an industry-equilibrium model with monopolistic competition and perfect contracts that allows the...

The relationship between the US and Asia will be the single biggest determinant in the evolution of the global economic system. In the absence of adequate reform at the global level, the alternative could be further fragmentation into competing regional blocs. Asia holds the key, combining both...

In January 2007, a joint research project on "India's Innovation System: Exploring the Strengths" was launched by the Institute of Technology and Management at Hamburg University of Technology in cooperation with the East-West Center. The elements and inherent strengths and weaknesses of India's...

A considerable body of economic literature shows the adverse economic impacts of oil-price shocks for the developed economies. However, there has been a lack of empirical study of this kind on China and other developing countries. This paper attempts to fill this gap by answering how and to what...

In the 1990s, 600,000-1 million North Koreans, or about 3-5 percent of the pre-crisis population perished in one of the worst famines of the 20th century. North Korea is once again poised on the brink of famine. Although the renewed provision of aid is likely to avert a disaster on the scale of...

Using the knowledge-capital model, we compare factors affecting the inbound and outbound manufacturing and services investment between Singapore and a sample of industrialized and developing countries. The nature of Singapore's two-way investment with the industrialized nations is essentially...

In 2008, North-South relations worsened, food shortages re-emerged, and the Six Party process yielded an interim agreement. The U.S. dropped North Korea from the terrorism list but nuclear verification issues remained contentious. Kim Jong-il reportedly suffered a stroke in August, casting...