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The authors develop a new methodology to estimate crowding out, and use it to investigate the impact of Chinas emergence on FDI flows to Asia using data from 14 Asian economies from 1984 to 2002. The results suggest that China did not have much impact on FDI to other countries. In particular, lowincome economies, which compete with China for low-wage investment, and countries with low levels of education or scientific development do not seem to have been especially affected.

It is widely perceived that competition in the Indian banking sector has increased since the inception of the financial sector reforms in 1992. Using annual data on scheduled commercial banks for the period 1996-2004, the paper evaluates the validity of this claim in the Indian context. The empirical evidence reveals that the Indian banking system operates under competitive conditions and earns revenues as if under monopolistic competition.

This paper reexamines Korea’s trade flows. Using the standard demand-based models, the paper finds that owing to the increasing share of electrical and electronic products in total exports, the income elasticity of the Korean export demand has fallen sharply while its price elasticity has risen dramatically.

This paper explores how the optimal mode of public finance depends on the stage of economic development. The theoretical analysis is based on an overlapping generations growth model with an imperfect capital market.

This paper is concerned with the effects of aid transfers and their degree of volatility on economic growth. The authors develop a theoretical framework that distinguishes the allocation of foreign aid between productive and nonproductive uses.

It is possible for Canada to become the most influential mid-sized nation in the world by understanding the drivers and dynamics drifts of the new world order, by building on its strengths and transforming into a leading society and economy. This report begins to explore some of those drivers and dynamics, illustrate Canada s situation and advantage, and highlight how science and technology will make a difference.

The Fourth Annual Report of the Task Force on Competitiveness, Productivity and Economic Progress concludes that Ontarians need to rebalance economic priorities and policies by investing more today in order to achieve full economic potential and prosperity in the future.

The concept of localized learning outlines how local conditions and spatial proximity between actors enable the formation of distinctive cognitive repertoires and influence the generation and selection of skills, processes and products within a field of knowledge or activity. The localized learning argument consists of two distinct yet related elements. The authors disentangle these two inherent elements of the concept, review some of the critique that has been raised against it, and sort out some misunderstandings that we think are attached to its present use.

The paper explores the uneven beginnings of FDI, in India and examines the developments (economic and political) relating to the trends in two sectors: Industry and Infrastructure and sub sector Telecom, to illustrate that.

Financing technology poses a special challenge to economic institutions for several reasons. The paper examines these reasons both theoretically and empirically, focusing on the U.S. market as the leading financial center capable of providing imaginative solutions and on the Arab countries as a case study of developing economies facing a financial and institutional constraints.