Just as the African economy is confronting its sharpest reversal in a generation; Nigeria is currently faced with perhaps the most challenging economic downturn (amidst fuel subsidy removal) in its history. Thus, social protection programmes in the form of social cash transfers to vulnerable...

The main intention of this paper is to show how science, technology, R&D and hi-tech innovations in production and trade can lead to expansion of exports and change foreign trade status of a country from net importer to net exporter. The paper is divided into three general units. The first is a...

This study of regional South-South (S-S) trade and cooperation in East, South and South-East Asian countries (ESSEA) aims to provide an economic rationale for S-S trade; shed some light on the extent and pattern of S-S trade in the ESSEA region; examine the dynamic forces behind the expansion of...

This paper studies how frictions in the patent market inhibit economic growth. I document that the patent market is considerably less developed in China than in the US. To understand this fact, I build a growth model incorporating three frictions in the patent market—search costs, fixed...

This paper studies how frictions in the patent market inhibit economic growth. I document that the patent market is considerably less developed in China than in the US. To understand this fact, I build a growth model incorporating three frictions in the patent market—search costs, fixed...

The paper develops a Balance of Payments (BOP)-consistent procedure for estimating unreported flows. Using data between 1990 and 2007, total unreported flows of selected Asian countries is estimated at $4.7 trillion, or more than 80% of the countries’ 2007 total gross domestic product. Results...

In this study we have made an attempt to investigate into the relationship between political regime type (that ranges from authoritarian to democratic) and the extent of globalization, which of late has been considered as a path to development. We have made use of the Democracy index (and its...

The present paper draws heavily on the existing empirical literature and compares Asian (mainly the high-performing economies) and African economies to illuminate the patterns of economic development as they developed since the 1960s. The discussion points to strong physical and human capital...

Both long economic stagnation in Latin America and sustained growth and in East Asia imply a rapidly raising development gap between the two regions. Using a series of numerical decompositions, this article documents three facts about this gap. First, differences in welfare-adjusted development...

Rising inequality poses a serious threat to sustained growth and poverty reduction in developing Asia. Many countries in the region have adopted competition policy—also known as antitrust—to promote economic welfare by protecting competitive processes, as well as in consideration of public...