To maximize society's welfare, economists should be concerned with the efficient use of the stock of natural resources. The stock of natural resources is a gift of nature. The usefulness of this stock comes from its alternative uses, e.g. existence, exploitation and bequest. Therefore, the...

The capacity to generate and how to avoid the dismantling of wealth is the premise upon which the European Union (EU) has been established. The road to EU as a nation will not be as smooth as some European countries would have hoped. Structural incompatibilities, political rivalry and...

Purpose – This paper aims to discuss aspects of successful and unsuccessful development experiences in southeast and southwest corners of Asia. Design/methodology/approach – It provides historical background to practices, strategies and policies adopted by policymakers in both of these...