MOVING BARBADOS FORWARD Abstract Jay R. Mandle More than forty years ago, Simon Kuznets on the occasion of receiving the Nobel Prize in Economics, distinguished between economic expansion based on the exploitation of natural resources and the process he described as "modern economic growth." The...

Multinational firms have contributed to economic growth in the developing world. But the risk of growing corporate power is that it abuses this power. How does one balance the two concerns? Merely returning these countries to "localism" will not work, argues this economist. He offers his own...