Theories of the transnational firm that stress the profit advantages of international operations in high-technology industries with high entry barriers are not supported for a sample of US-based transnational and domestic firms from Standard & Poor's Compustat database. Replacing the...

The following paper is a theoretical and empirical study of the determinants of international indebtedness of developing countries. I will argue that indebtedness is a divelopment determined phenomenon and an intrinsic tendency of capitalist development during the stage of the...

This paper puts forward a demand-orientated model of economic growth, as an alternative to the supply-orientated approach of neoclassical theory, and evaluates the extensive research testing the dynamic Harrod trade multiplier model developed by Thirlwall and extended by McCombie. It is critical...