Egypt needs to diversify exports further in order to emerge from its isolation and to draw the maximum advantage from the growth potential offered by trade globalisation. To what extent does the bilateral free trade agreement with the European Union encourage the transition from a rentier...

The signature of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS Agreement), which entered into force on 1st January, 1995, marked a turning point in efforts to strengthen and extend intellectual property protection. Under the terms of the Agreement, many developing...

This paper presents an overview of the evolution of exchange-rate regimes in Africa and then attempts to assess empirically the impact of exchange-rate policy on manufactured export performance on a panel of major Sub-Saharan Africa countries over the 1970-92 period. We examine the impact of...

Large current account deficits are often assumed to play an important role in the propagation of financial crises in emerging markets in receipt of heavy private capital inflows. This paper reaches some major conclusions. First, the Lawson Doctrine — according to which current account deficits...

This paper examines the growth performance of Indian States during 1970-94. We, first, propose a grouping of States according to differences in the availability of physical, social, and economic infrastructure, using principal components analysis. Then, combining principal components analysis...

How and to what extent can a high degree of global financial integration help the fast-ageing OECD benefit from the delayed ageing process in the non-OECD area? The question is being raised with increasing urgency as it is slowly understood that even fully funded pension schemes will not escape...

In 1995/96, 47.5 per cent of the population of Bangladesh were still living below the poverty line. While this represents a decline compared to 62.6 per cent in 1983/84, the absolute number of poor people has in fact increased over the same period. This paper argues that the persistence of...