Globalization and liberalization policies facilitated national international commodity markets to integrate with each other. This integration price transmission market efficiency of commodities at domestic markets, leading traders across the globe exploit opportunities. India is one vibrant emerging economies in world absorbing these economic features integrating its world. article, focusing on...

In more recent years, it has become increasingly recognized that R&D (research and development) is a key driver of economic growth, a source of innovation and change, and as such stimulates improvements in productivity and economic competitiveness. It is closely associated with knowledge and flexibility, two factors that have gained new significance as a source of competitiveness in an increasi...

The present paper analyzes the consequences of a consumption tax reform for the export sector. In particular, it offers an explanation why exporters support such a reform although economic theory basically predicts trade neutrality. To this purpose, the basic neoclassical model is replaced with two Keynesian assumptions, i.e. sticky wages and absence of perfect foresight. It is derived that in ...

What explains the resurgence of U.S. international competitiveness in the 1990s? The previous decade can be characterized as one of intense U.S. concern about its declining international competitiveness. In this article, we argue that U.S. industry adopted a new industrial paradigm called “Wintelism” in response to competitive pressures fromwesternEurope and East Asia. The essence of Wintelism ...

This paper combines issues related to strategic environmental policy in the case of the design of emissions permits, which affects the rules of international trade. Our model, based on a strategic environmental policy’s framework, analyzes a class of two stages Cournot game involving two governments (Domestic and Foreign) and their respective industry, which compete in a third country market. I...

A systematic cross-country analysis of e-commerce activity reveals that although physical infrastructure explains much of the variation in basic Internet use, e-commerce activity also depends significantly on the "rule of law" and, secondarily, on availability of credible payment channels such as credit cards. These results suggest that an institutional environment that facilitates the building...

This paper traces the role of technology in economic growth and competitiveness, summarizes the strategies of the fastest growing economies over the last 50 years from the perspective of their technology strategy, summarizes some of the key global trends which are making it more difficult for developing countries to replicate the fast growth experience of the countries mentioned, and traces the...