China will benefit from internationalizing the RMB, including as a force to drive domestic financial sector reform, but the process could take some time. By Professor Edwin L. C. LAI, Department of Economics and Director of Center for Economic Development at HKUST Business School The Chinese government is trying to internationalize the RMB, and this ... Read More

Parallel imports have become a topic of intense debate, particularly when it comes to pharmaceuticals. Parallel traders import drugs from cheaper markets, such as those with price controls, and sell them in countries with fewer or no controls. This form of arbitrage has caused concern in the US over prescription drugs from Canada, and in Europe where ... Read More