The effectiveness of Official Development Assistance is heavily debated. The emergence of new donors and the recent establishment of novel development actors, such as the BRICS-powered New Development Bank, will complement or substitute traditional financial flows and development cooperation....

Catching-up, leapfrogging and falling behind in terms of output and productivity in high-tech industries crucially depends on firms ability to keep pace with technological change. In fast changing industries todays specialization does not guarantee tomorrows success as changes in the...