Revista de comercio

Index / FEBRARY 2004

Spanish Regions Heterogeneity in Their Exposure to European Monetary Union
  Joan Costa-i-Font , Ramon Tremosa-i-Balcells
  The authors start from a vast bibliographic review to make an empirical analysis used as a volatility variable of the real exchange rate in the Spanish Autonomous Communities compared to Germany during 1992-1998. They learn there is a wide heterogeneity among these regions since the European Monetary Union came into effect: significant inequalities in terms of productive specialization, openness degree with the European Union, and relative size. This is a relevant analysis in the sense that it foresees a greater economic regional divergence for Spain, which goes against the European integrationist spirit.
 
Financial Disintermediation in Spain and Its Challenges for Banking
  Miguel Ángel Ramírez García
  The author makes an empirical comparison of the financial disintermediation process in Spain since the evolution of its saving and investment patterns from 1982 to 1998. Likewise, he defines the banks strategies to face the challenges of this process and he concludes that up to the end of the nineties the outcomes had been satisfactory.
 
Asia-Pacific: Inter-regional Economic Flows and Integration Prospects
  Roberto Celaya Figueroa
  During the last years East Asian countries as Japan, China, Singapore, Hong Kong, Taiwan, and South Korea have increased their economic exchange, which has made this area one of the most dynamic around the world. The author makes a recount of the great progress of international trade and the growing foreign direct investment flows among these nations, so as in the framework of integration patterns and forums they participate in as APEC and ASEAN. Finally, he comments on the feasibility of the diverse sub-regional free trade agreements among the East Asian countries with Latin America.
 
Malaysia in the South-East Asian Transformations
  Alfredo Pérez Bravo, Iván Roberto Sierra
  The authors explain Malaysian economic achievements result from a national strategy for strengthening political and social fabric through the increase of welfare levels. They highlight the importance of analyzing Malaysian historic evolution in order to understand the successes and obstacles in its development process. The mutually conditional relations between politics and economics are seen in the framework of the transition after the 21-year administration of Prime Minister Mahathir.
 
Commerce in Northern Mexico
  Miguel Ángel Vázquez Ruiz, Carmen Bocanegra Gastelum
  The effects of Mexican foreign trade liberalization are analyzed according to the activities in the north border region, particularly in four big national firms. It is concluded trade openness had a different impact on each company, depending on their regional expansion strategy.
 
Internationalization of SMEs: A Tool for Analysis
  Jean-Paul David
  Internationalization process of small and medium-sized enterprises has tried to be explained by models applied to big firms. This article presents an analysis that allows elaborating an appropriate strategy to make the former participate in foreign markets, based on their integration level and their international penetration approach.
 
Customs: Generalities and Significance for National Economy
  Máximo Cerdio
  Nowadays customs has become a very important factor for national economies. Its influence on foreign trade, its functions, and the problems it faces are the subject matter of this note.
 
Gender Differences in Mexican Education and Labour Market
  Alma Rosa Cruz Zamorano
  Brief of Elizabeth Katz and Maria Correia (eds.), The Economics of Gender in Mexico: Work, Family, State, and Market, World Bank, 2001.
 

Ext.tree.Panel Example