Comparative advantage and the location of inward foreign direct investment: evidence from the UK and South Korea

Article Abstract:

Foreign direct investment exhibits a functional relationship with a particular location's comparative advantage. Application of the factor proportions hypothesis to the UK and South Korea showed substantial positive correlation between the two factors. The relationship is strongly exhibited in the UK's services sector, while South Korea presented an unclear delineation between services and non-services industries.

United Kingdom, Analysis, South Korea, Foreign investments, Comparative advantage (Commerce), Comparative advantage

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Developing and Distributing Essential Medicines to Poor Countries: The DEFEND Proposal

Article Abstract:

Under the Agreement on Trade-Related Aspects of Intellectual Property Rights within the World Trade Organization, drug developers may enforce marketing rights and at the same time they are pressured to provide drugs at marginal production costs. HIV/AIDS, TB and malarial deaths are staggering. The author suggests contributions from developed countries to buy licenses for these drugs.

Southeast Asia, Subsaharan Africa, Statistical Data Included, Purchasing, Pharmaceutical industry, Drug therapy, Licensing agreements, World Trade Organization, Tuberculosis, Powers and duties, AIDS (Disease), Malaria, South Asia, Licenses, Sub-Saharan Africa

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Parallel imports

Article Abstract:

Issues are presented concerning the trade in parallel imports or grey-market imports and the attention which the practice is attracting within the European Union. The influence of parallel imports on prices is discussed.

Economics, Research and Development in the Social Sciences and Humanities, Prices and rates, Economic policy, European Union, Imports, Commerce, Gray market

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