Section I: World Trade and Competition -- 1 A Coming Erosion of Advanced Nations' Weil-Being from World Trade? -- 2 Free Trade vs. Strategic Trade -- 3 Transport Costs and Patterns of International Trade -- 4 Consequentialism and Procedural Evaluations in Social Welfare Judgements -- 5 On the Efficiency and Stability of Networks -- 6 Expanding the Purchase of a Foreign Intermediate Good -- Section II: Innovation and Growth -- 7 Estimation of Biased Technical Progress -- 8 Imitation and Innovation in Complex Markets -- 9 Hypotheses on Routinization of Innovation -- 10 Technology and Profit under Global Monopolistic Competition -- 11 New Derivation of Conservation Laws -- 12 Productivity Gap and Economic Growth under Increasing Returns -- 13 Environmental Externalities and Growth -- Sction III: Financial Markets and Globalization -- 14 What Happened to Asia? -- 15 International Adjustment under Capital Mobility -- 16 International Factors in the Recessions of the Early Nineties -- 17 Empirical Analyses of Exchange Rate Arrangements -- 18 The Structure of Risks and the Portfolio of Pension Funds -- 19 Emerging Markets in History: The United States, Japan, and Argentina -- Section IV: Regulation, Distribution and the Role of the Government -- 20 Competition in Distribution Channels -- 21 The Deregulation of the Telephone Industry -- 22 Exchange Rates, Retail Prices, and Market Structure -- 23 Population Aging and Dependency Burden -- 24 Nation States and Multinational Business in the Global Reach.