Table Of Content

TISSNH 088E5-39 08 INTERNATIONAL TRADE _ JOURNAL AMM International Trade and Finance Association “AMMM “MMMM “IMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM “MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM "MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM. "*MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM "MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM "MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM MMMMM VMIMMXM » MMMX X X MMXXX> VOLUME IX XXXXXXXXXXXXXXXXX»A 1995 XXXXXXXXXXXXXXXXXXA XXXXXXXXXXXXXXXXXXXA XXXXXXXXXXXXXXXXXXXXXA XXXXXXXXXXXXXXXXXXXXX) XXXXXXXXXXXXXXXXXXXXY XXXXXXXXXXXXXXXXXXXY XXXXXXXXXXXXXXXXXXY XXXXXXXXXXXXXXXXXY XXXXY XXXY XXY XY y TEXAS A&M INTERNATIONAL UNIVERSITY —_©__ aylor& Francis Publishers since 1798 EDITORIAL POLICY The International Trade Journal is a refereed journal published for the enhancement of research in international trade. Its editorial objective is to provide a forum for the scholarly exchange of research findings in, and significant conceptual or theoretical contributions to, the field. The International Trade Journal welcomes contributions not only from researchers in academia but also from practitioners of international trade with significant research findings in the field. The Journal’s scope includes, but is not limited to, the following: —International Trade Theory —International Trade Organizations —International Trade Relations and Agreements —Commercial Policy —National Studies —Trade and Development —Regional Studies The responsibility for views expressed, and accuracy of facts given, are those of the authors. Such opinions do not necessarily reflect the position of Texas A&M International University or the Institute for International Trade; nor that of the Editor or the Editorial Advisory Board of the Journal. Editorial Office: Khosrow Fatemi, Texas A&M Subscription Agency Pvt. Ltd., 101-102 Com- International University, 5201 University Boule- munity Centre, Malviya Nagar Extn. Post Bag No. vard, Laredo, TX 78041-1999, USA. 8, Saket, New Delhi. Japan—Kinokuniya Com- pany Ltd., Journal Department, P.O. Box 55, Publishing, Advertising, and Subscription Chitose, Tokyo 156. USA, Canada, and Mex- Offices: Taylor & Francis Publishing, 1900 Frost ico—Taylor& Francis, Inc., 1900 Frost Road, Road, Suite 101, Bristol, PA 19007; or Taylor& Suite 101, Bristol, PA 19007, USA. UK and all Francis Ltd., Rankine Road, Basingstoke, Hamp- other territories—Taylor & Francis Ltd., Rank- shire RG24 8PR, England. ine Road, Basingstoke, Hampshire RG24 8PR, The International Trade Journal (ISSN 0885- England. 3908) is published quarterly in the fall, winter, spring, and summer by Taylor& Francis Ltd., 4 No part of this publication may be stored on an John Street, London WCIN 2ET, England. An- electronic retrieval system or transmitted elec- nual subscription rate (Volume IX): £78, US tronically without the prior written permission $129. of the publisher. Second-class postage rates paid at Jamaica, NY The publisher assumes no responsibility for any 11431. U.S. Postmaster: Send address changes to statements of fact or opinion expressed in the The International Trade Journal, Publica- published papers. The appearance of advertising tions Expediting Services, 200 Meacham Av- in this journal does not constitute an endorse- enue, Elmont, NY 11003, USA. ment or approval by the publisher, the Institute for International Trade, the editor, or the edito- Dollar rates apply to subscribers in all countries rial board of the quality or value of the product except the UK and the Republic of Ireland, advertised or of the claims made for it by its where the sterling price applies. All subscriptions are payable in advance and all rates in- manufacturer. clude postage. Subscriptions are entered on an ©) The paper in this publication meets the re- annual basis, i.e., January to December. Payment quirements of the ANSI Standard Z39.48-1984 may be made by sterling check, dollar check, (Permanence of Paper), effective with Volume international money order, National Giro, or credit card (AMEX, VISA, Mastercard /Access). VI, Number 2, 1992. Orders originating in the following territories Copyright © 1995 Texas A&M International should be sent directly to: India—Universal University THE VOLUME IX, NO. 1 INTERNATIONAL SPRING 1995 TRADE JOURNAL Special Issue: Foreign Direct Investment and Multinationals Guest Editor: Franklin R. Root CONTENTS From the Guest Editor Foreign Direct Investment: A Review and Analysis of the Literature David Rayome and James C. Baker Empirical Analysis and Policy Implications of the Patterns and Structure of Japanese Direct Investment in the United States Thomas C. Lowinger, Anil K. Lal and Shunichi Nozaki The Changing Personality of U.S.—Japanese Joint Ventures: A Value Chain Mapping Paradigm Laurent L. Jacque Transnational Corporations—Host Country Relations and the Changing Foreign Direct Investment Climate: Toward 2000 Tagi Sagafi-nejad Promoting Foreign Direct Investment in Developing Countries Farok J. Contractor The Legitimacy of International-Business Political Behavior Jean J. Boddewyn THE VOLUME IX, NO. 2 INTERNATIONAL SUMMER 1995 TRADE JOURNAL CONTENTS ARTICLES What's Wrong—and Right—With Trade Theory? John H. Dunning Harassment versus Lobbying for Trade Protection Frank H. Westhoff, Beth V. Yarbrough, and Robert M. Yarbrough 203 Old Myths and New Realities: Foreign Direct Investment in the United States Edward John Ray Role for Trade Policy? Markets With Informational Barriers to Entry Susan Skeath Doctrine of Relative Purchasing Power Parity Under Fixed and Flexible Exchange Rates Reconsidered Elsworth D. Beach, Nancy H. Cottrell-Kruse, and Noel D. Uri... . BOOK REVIEWS Richardson, J. David, Sizing Up U.S. Export Disincentives Reviewed by Rachel McCulloch Doukas, John, and Ike Mathur (Eds.), Financial Management in Post-1992 Europe Reviewed by Joseph Horton Hufbauer, Gary Clyde, and JeffreyJ .S chott, NAFTA: An Assessment Reviewed by James Giermanski THE VOLUME IX, NO. 3 INTERNATIONAL FALL 1995 TRADE JOURNAL CONTENTS ARTICLES A Comparative Analysis of the Differences in Perceived Obstacles to Exporting by Small- and Medium-Sized Manufacturers and Traders Charlie E. Mahone, Jr East European Trade with the Developing World: Soviet Diplomatic Partner or Economic Self-Interest James M. Lutz The Use of Patent Statistics to Measure and Predict International Competitiveness James Sood and Frank DuBois Asia-Pacific Finance and Investment: A Case Study of Taiwan Lawrence K. Wang Krugman, Paul, The Age of Diminished Expectations Reviewed by Edward John Ray Deardorff, Alan and Robert Stern (Eds.), Analytical and Negotiating Issues in the Global Trading System Reviewed by Robert Carbaugh McGee, Robert W., A Trade Policy for Free Societies: The Case Against Protectionism Reviewed by Don P. Clark Jauberth, H. Rodrigo, et al., The Difficult Triangle: Mexico, Central America and the United States Reviewed by Raul Moncarz The World Bank, China: Foreign Trade Reform Reviewed by Joseph W. Leonard Dagenais, Marcel G., and Pierre A. Muet (Eds.), International Trade Modelling Reviewed by Muhammad M. Islam Green, Roy E., The Enterprise for the Americas Initiative: Issues and Prospects for a Free Trade Agreement in the Western Hemisphere Reviewed by Robert E. Looney Wihlborg, Clas, Michele Fratianni, and Thomas D. Willet (Eds.), Financial Regulation and Monetary Arrangements After 1992 Reviewed by Raymond M. Johnson Kenen, Peter B., Exchange Rates and the Monetary System: Selected Essays of Peter B. Kenen Reviewed by Armand Picou THE VOLUME IX, NO. 4 INTERNATIONAL WINTER 1995 TRADE JOURNAL CONTENTS ARTICLES European and International Monetary Systems: Problems and Prospects Dominick Salvatore Global Pollution Effects of U.S. Protectionism Edward John Ray Antitrust and Liberalization in Developing Countries Mark D. Williams and A. E. Rodriguez Intra-Industry Trade Between the United States and the Major Latin American Countries: Measurement and Implications for Free Trade in the Americas Jorge G. Gonzalez and Alejandro Velez BOOK REVIEWS Dunning, John H., Multinational Enterprises and the Global Economy Reviewed by Earl L. Grinols Baily, David, George Harte, and Roger Sugden, Transnationals and Governments: Recent Policies in Japan, France, Germany, the United States and Britain Reviewed by Craig R. MacPhee Ehrenberg, Ronald G., Labor Markets and Integrating National Economies Reviewed by Martha K. Field Winters, L. Alan and Zhen Kun Wang, Eastern Europe’ s International Trade Reviewed by Linda L. Blodgett Findlay, Ronald, Trade Development and Political Economy: Selected Essays of Ronald Findlay Reviewed by Oscar Flores Munasinghe, Mohan and Peter Meier, Energy Policy Analysis and Modeling Reviewed by Alfred Lewis Following page 568: Title page to Volume IX Contents of Volume IX Author Index to Volume IX