The present paper makes an exploratory attempt to investigate the impact of emigration on real wages in the presence of increasing returns to scale in production. The problem has been posed in the context of 2 by 2 model of international trade, where one of the commodities is a non-traded good...

The international community is committed to millennium development goals which postulate a vision of global development that makes eliminating poverty and sustaining development the overriding objective of global development efforts. In the hierarchy of the MDGs, the first and foremost goal is...

This article reviews some recent research on aid effectiveness. An important finding of this research is that foreign aid has been much more effective than is generally presumed. It also suggests that the current aid allocation policy of development agencies, based on selectivity, has a fragile...