China’s concern over its food security has increased in recent years as it opens up its domestic food market to the rest of the world. Chinese policymakers often regard food embargoes by the West as a major potential threat to food security. This paper examines the likelihood and consequences...

Japanese foreign direct investment (FDI) into China is analysed using an FDI model that accounts for different modes of FDI as well as third country effects and adds to existing literature by incorporating a new measurement of political distance. Political closeness between countries is shown to...

Market participants and policymakers have a growing interest in the development of East Asian financial markets, and to the extent to which these markets are open and influenced by world markets. This paper examines the information contained in interest parity conditions about the international...

This paper uses the global trade analysis project (GTAP) model to simulate the effect of APEC trade liberalisation on Sino-Australian bilateral trade. By comparing the development of Sino-Australian bilateral trade in the short run and the long run, the analysis depicts a whole set of bilateral...

It is now widely agreed that the World Trade Organization (WTO) is in trouble, struggling to deliver the national rewards available from liberalising through multilateral negotiations. Prime Minister Howard and President Bush have committed to help restore the ability of the WTO system to...

This paper investigates the share of direct and indirect services trade in Japanese trade between 1985 and 1995, using data from Japanese input-output tables. The empirical analysis reveals that the share of R&D services in total services trade has been much higher throughout the period than the...

The 1990s saw an era of fiscal consolidation in industrialised countries, which struggled with fiscal deficits throughout the 1970s and 1980s. Reforms in public expenditure management, typically the introduction of fiscal rules and targets, together with favourable economic growth contributed to...

It is generally believed that Japan's cost-oriented and export-oriented direct invest­ment has introduced a bilateral intra-industry trade pattern in China–Japan trade through which China imports accessories from Japan, processes them and exports the product to Japan. Based on investment and...

Since the 1980s Japan has emerged as one of the world’s leading sources of foreign direct investment (FDI) reflecting the continuing internationalisation of Japanese corporations. This paper provides a broad survey of trends in Japanese FDI in the postwar period by both country and industry...