4 edition of Exchange rate movements and their impact on trade and investment in the APEC region found in the catalog.
Includes bibliographical references (p. 57-58).December 1996.
|Statement||International Monetary Fund|
|Publishers||International Monetary Fund|
|The Physical Object|
|Pagination||xvi, 78 p. :|
|Number of Pages||84|
|3||Occasional paper (International Monetary Fund) ;|
nodata File Size: 1MB.
As in the factor-proportions theory, however, there is relatively little emphasis on the exchange rate or its role in determining trade patterns. World FDI has grown more rapidly than that of world output or world trade during the past two decades, making it an increasingly important economic link among countries. Regression results for exports are reported in ; reports the same information for imports.Rethinking the East Asian Miracle.
Barriers to trade are removed between member countries. Staffed with lawyers in an advocacy department, global firms work to maintain relationships with all of the interested parties. The short-run activity elasticities from the panel regression are well determined and very similar to their long-run counterparts.
Those of us who deal day-to-day with the challenges created by the current world exchange rate system understand that rapid exchange rate movements create problems both for our own economies and for economies with which we have close ties. This reflects a general characteristic that large economies are less open to international trade than small ones, presumably reflecting the greater potential within larger economies for intranational trade, which is not included in the international trade data.
This is the most basic form of economic cooperation. The 1997-98 Asian crisis has refocused attention on the exchange rate management of East Asian countries. Maquiladoras are production facilities located in border towns in Mexico that take imported materials and produce the finished good for export, primarily to Canada or the United States.
However, only partial accords have been reached between the government and the peasants.
The second was to set up monetary and fiscal targets for member countries.
The APEC economies have had varied experiences with inflows and outflows of FDI see.