In the first decade of EU membership, the Hungarian economy was unable to take advantage of the economic potential of the accession. The expansion of export markets and rapidly deepening financial integration opened up new growth opportunities, but the improved access to external financing...

Russland hat mit seinem Angriffskrieg auf die Ukraine seine Zukunft verspielt und den Trend zu einer multipolaren Weltordnung beschleunigt. Aufbauend auf einer historischen Einbettung wird in diesem Buch der Sonderweg Russlands untersucht. Dabei werden der ökonomische Blick auf die Folgen des...

The Gulf of Guinea''s tremendous potential is creating investment opportunities for the region. Some of its resources, such as oil, minerals, and forests, continue to attract significant investments whereas others, like natural gas, could be exploited to their full potential if necessary...

Frontmatter -- Contents -- Introduction. Commodity Chains in Theory and in Latin American History -- 1 The Spanish-American Silver Peso: Export Commodity and Global Money of the Ancien Regime, 1550-1800 -- 2 Indigo Commodity Chains in the Spanish and British Empires, 1560-1860 -- 3 Mexican...

Examining the commodity chains that have connected producers in Latin America with consumers around the world for 500 years, this work follows a specific commodity from its inception, through its development and transport, to its final destination in the hands of consumers

The trade-off between interest rate variability and the width of an exchange rate target zone is examined, using the regulated Brownian motion model of target zones. The interest rate differential’s asymptotic (unconditional) variability is increasing in the exchange rate band for narrow...

Should policymakers still be concerned about economic growth in trading partners? Have developing and emerging market countries decoupled from the US enough to grow despite significant recession in the US? Using VAR models, this paper addresses these questions for Nigeria in the context of the...

This paper analyzes the role of regional arrangements in trade and foreign direct investment (FDI) performance in the Baltics. While progress with transition is a key determinant of trade and FDI performance, regional arrangements with Western Europe have helped develop trade and transfer of...

This paper presents updated and revised estimates for the World Trade Model. The model estimates import and export price and volume relationships for each of three types of merchandise trade--manufactured, raw material, and agricultural--for 14 of the largest industrial countries. The extended...

This paper reviews Nigeria’s non-oil export performance during the period 1970-90, analyzes the factors underlying the dismal performance, and estimates the supply-price elasticity of the exports for both the short and long run. A distinguishing feature of the analysis is the incorporation of...