Most studies on poverty alleviation and reduction programmes emphasize structural bottlenecks, asymmetric information, and rent seeking behaviour. This paper provides an analytical characterization of the beneficiaries in a situation of much structural and conditional rigidity, where all...

The balance between local and foreign sources of technology is closely entwined. Likewise, foreign channels are an essential feature of fast catch-up growth. The firms would have to develop strong marketing capabilities and invest heavily in creating brand images acceptable to worldwide...

This paper shows how sound macro-economic management generates reputation-building behaviour in the international lending market. While current account deficits need not imply an imminent devaluation, their impact on foreign exchange reserves and the manner in which they are funded are important...