Purpose – The purpose of this paper is to discuss the potential benefits of monetary policy rules for transition economies (TEs). Design/methodology/approach – The paper discusses monetary policy rules, inflation targeting, political risk and ambiguity and monetary policy and ambiguity....

Purpose – To formalize and test the hypotheses that economic and political inequality tend to lower the quality of public education and thereby the overall quality of education in developing countries. Design/methodology/approach – The paper uses both international cross-section data and...

Purpose – This study aims to explore the impact of the movement from “authoritarian democracy” to full democracy on the relationships between trust with economic growth and investment. Design/methodology/approach – Simple regression models were applied to Taiwan as a case study. Findings...

Purpose – The paper aims to examine asymmetry in the cyclical behavior of private consumption in a sample of nine developing countries in the Middle East. Design/methodology/approach – The empirical model includes three policy variables: government spending, the money supply, and the...

The world is not ‘flat’. Globalization is disequalizing, rewarding the already rich while leaving the poor behind, making rising inequality more, not less likely. There are three reasons. First, the economic gains generated by efficient global markets are not equally shared. Second, global...

Using a sample of 86 countries over the 1960–1999 period, this paper investigates the differential growth effects of ethnic division across cultural regions. While the evidence supports a negative relationship between ethnic fragmentation and economic growth, this relationship is significant...

This paper examines, based on certain criteria, the most feasible sustainable energy technology (SET) for rural Bangladesh. The criteria used for the appropriateness of SET for rural Bangladesh are: (a) availability of energy resources, (b) degree of technological complexity of the proposed...

In this paper, we deal with one form of bonded labour generating under the brokerage system. We have led a qualitative survey in a small village of South India to study the phenomenon of brokerage. In this village, labourers are seasonal migrants who in order to migrate, take advance from...

If information technology (IT) is to have a mass impact on those living in rural areas of developing countries, it cannot occur on the basis of ownership (as it does in rich countries). Instead, it is to institutional innovations in and for developing countries, that one needs to look at. Two...