We extend the model of Nishimura and Shimomura (2002) to consider a two-country framework where under autarky indeterminacy arises in one country but determinacy in the other, and show that indeterminacy could be eliminated when trade takes place between the two.

To do well in any business you must develop a long-term strategy. Making consistent decisions in all aspects of a firm's operations is difficult without a well-defined and clearly integrated strategy. By far the most widely pursued corporate directional strategies are those designed to achieve...

It has been widely documented that the world is classified into at least two economic systems of developed and developing countries according to average GDP levels. The arising research question then is why has development been more proliferate in certain regions of the world and are there any...

This paper is focused on the main underlinings from the prospects survey of the United Nations Conference on Trade and Development (UNCTAD) for the period 2007-2009 . These findings refer to the global trends in foreign direct investments (FDI) and determinants of future FDI flows; the...

For Latvia with incoming into the European Union big opportunities in the international markets have opened. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. In paper various indicators of a national economy before and after...

This paper takes a step towards formalizing the theoretical interconnections among four post-Industrial Revolution phenomena - the industrialization and growth take-off of rich 'northern' nations, massive global income divergence, and rapid trade expansion. Specifically, we present a stages-of...

The European Union has reached a critical juncture in dealing with the fallout from the 2008 financial meltdown that started in the USA and spread to engulf banks and the financial markets of Europe. The ensuing recession or stagnation in many member countries was compounded by austerity...

No longer do the highest economic growth rates belong exclusively to the BRICS countries. Lesser known economies, the so-called frontier markets such as Nigeria and Vietnam, are key players in global economic growth and are expected to continue to be so for several decades. These states base...

The emergence of frontier markets is consolidating South-South relations and speeding up the global economic re-balance. Below, Tomás Guerrero describes how, to ensure long-term growth, driven by the combination of abundant natural resources and low labor costs, this set of countries have begun...

There are many viewpoints surrounding illegal immigration into the United States, especially concerning illegal immigrants from Latin America. This paper addresses the economic perspectives of the various stakeholders, starting with the perceptions of those most affected - the illegal immigrants...