Once upon a time in the world of development finance, it was assumed that simply investing in developing economies was enough—that the flow…
Decades of low inflation led to widespread use of dollar-denominated financial instruments with fixed interest rates and long maturities.…
The international community has historically maintained hope that advances in science and technology offer humanity a wide range of options…
Countries that specialize in commodities have in recent years been hit by high volatility in world prices for their exports. This paper…
Tourism is one of the most important economic activities in the world: for many countries it represents the single largest product in their…
Special Economic Zones (SEZ) have played an important role in Panama's successful growth story over the previous decade. SEZ have attracted…
The comparative advantage of a location dictates its industrial structure. Current theoretical models based on this principle do not take a…
At the beginning of the twentieth century Venezuela had one of the poorest economies in Latin America, but by 1970 it had become the…
For a United States citizen, the short trip to Havana requires navigating an obstacle course, owing to the trade and travel embargo that…
Book abstract: When the 2008 housing market bubble burst in the United States, a financial crisis rippled from the epi-center in the United…