*Walid Hejazi (PhD Toronto) is assistant professor in the Division of Management at the University of Toronto at Scarborough. His publications analyze the links between trade and foreign direct investment, the role of financial market development in the process of economic growth, and the predictive content of the term structure of interest rates.
**A.E. Safarian (PhD Berkeley) is a Professor of Business Economics in the Faculty of Management at the University of Toronto. He is author of Multinational Enterprise and Public Policy (1993).