The emergence of a “second wave” of developing-country multinational enterprises (MNEs) in a variety of industries is one of the characterizing features of globalisation. These new MNEs did not delay their internationalisation until they were large, as did most of their predecessors, and...

It is relatively easy to assess the progress, achievements, and possible future direction of an existing regional integration pact. However, evaluating the prospects for a successful revival of the East African Community (EAC), a regional integration scheme that collapsed in 1977, is arguably a...

WTO membership and closer integration with the European Union in the context of the Euro-Mediterranean Partnership are reinforcing pressures on MEDA countries to improve their competitive position. Privatisation, regulatory reform, and the creation of independent regulatory agencies in telecoms...

Large Western corporations have long invested overseas to penetrate markets, seek resources, and increase efficiency. After the explosion of inward FDI to the South in the 1990s, it is now the turn of the largest companies from emerging and transition economies, including the so-called BRICs, to...

This Technical Paper analyses the main policy issues raised by regulatory reform in air transport in sub–Saharan Africa. Its basic premise is that improving air infrastructure is of paramount importance for the region as it tries to integrate more thoroughly into the world economy. On the...

With the aid of a computable general equilibrium model, this paper estimates for India the magnitude of spillovers from limiting growth of greenhouse gas emissions to local air quality and the health of the urban population. The most important spillovers are reductions in emissions of...

A basic feature of development dynamics is the reallocation of labour from low– productivity to higher–productivity activities (generally more capital–intensive and also often more skill–intensive). The expansion of skilled labour supply that accompanies rising per capita incomes is both...

Rural areas of the developing world are the last frontier of the information technology revolution. Telephone and internet penetration there remains a small fraction of what it is in the developed world. Limited means of electronic communication with the outside world are just one source of...

What interest do developing countries have in limiting the growth of their greenhouse gas (GHG) emissions? Answering this question is crucial to moving international climate policy negotiations forward. The primary benefits for individual countries of GHG abatement remain highly uncertain and,...

In recent years, as China’s reform of state–owned enterprises (SOEs) has gathered momentum, the number of workers made redundant has been rising. Until now, the dismissals have affected only a fraction of the “surplus labour”, which has been estimated at 20–25 per cent of total...