New paper from Prof. Dr. Welfens available
In a newly published paper, Prof. Paul Welfens has derived a new Marshall-Lerner condition for an economy with both trade and "FDI globalization". The paper's insights should be quite important for both policymakers and, e.g. the IMF. The new ML condition is unambiguous and stricter for a pure FDI outward case, twin-FDI cases are rather ambiguous - but could indeed have a weaker elasticities requirement. Download now
