Market-seeking strategies predominate in the recent FDI boom in MERCOSUR countries. In the trade performance of transnational corporation affiliates a sort of ‘asymmetric integration’ is clearly visible: they produce for the internal market and, to some extent, for the regional one, while import inputs and final goods from developed countries (and a significant part of these trade flows is intr...

The primary question taken up in this paper is how regional trade of SMEs has been influenced by the on-going liberalization of markets in the Baltic Sea area between 1990 and 2004, and how this trade is affected by the accession of East European countries to the EU. The secondary question deals with effects on regions from this trade. The theoretical framework builds on the institutional netwo...

in this paper, we first review shortly movements in international monetary system and various theories of capital flows including portfolio and balance of payments approaches. then, we will focus particularly on feldstein- horioka (f-h) approach by which capital mobility is analyzed for 16 developing countries over 1980-2003 through a panel data method. the main objective of this paper is thus ...

From World War I1 until about 1980, regional free trade agreements and global trade negotiations under the General Agreement on Tariffs and Trade (GATT) could reasonably be seen as complements rather than substitutes-as two aspects of a broad march toward increasingly open international markets. Since then, however, the two have moved in opposite directions. The 1980s were marked by stunning an...