Policymakers often associate competitiveness with real exchange rates. Not too long ago, firms in Southern European countries attributed their difficulties to compete in global markets with a…

Gonzalo Varela, Stefania Lovo |

In 2009, an EU-based chemical manufacturer opened a plant inside one of FYR Macedonia’s recently-established special economic zones. The plant began production of catalysts, a type of emissions-…

Jose Guilherme Reis, Julia Oliver, Thomas Farole |