Since health care markets are usually dictated by domestic and local policies, health care services in Japan are not so much affected by globalization at present. But in some countries, globalization has a great influence on their health care markets as medical tourism is becoming popular around the world. For example, some countries especially developing ones, can attract customers from develo...

The growing awareness fhat different national equity markets often perform very differenfly in any given period has led to increased investor interest in international diversification of investment portfolios. It appears that at least for fhe U.S., however, fhis interest has not been translated intt> much actual foreign portfolio investment. One reason tor this may be the relative novelty of to...

We examine the portfolio turnover of mutual funds from 29 countries across the world and for the period 1999 to 2004. Our results indicate that turnover in foreign securities is higher in the countries that are less developed, have less investor protection, have lower information disclosure standard, and are less familiar to the fund managers. The negative relationship between turnover in forei...

This paper studies the impact of better export access on domestic economy small countries, where firms all sizes commonly due to limited size home market. We propose and estimate a model firms, characterized as in monopolistic competition, coexist with large granular making quality investments. In our framework, benefits by expanding their sales volume and, hence, reducing average costs. Simult...