According to the International Monetary Fund, for the first time in decades, the U.S. is no longer the largest economy in the world, and China has become number one. Some economists think this is the chinese miracle. However, the chinese miracle raises some questions. The most important question...

The premise of this paper is that globalization faces a endogenously generated crisis which has both economic and political dimensions, a result of the specific combination of continuity and change that has marked its historical trajectory. While western dominance, financialization, and the...

This paper first seeks to establish that no breakthrough in industrialization has coincided with the transition to a liberalized and open economic policy regime since 1991, and then examines the reasons behind this failure of India to break her industrialization impasse. It asserts that the real...

This paper examines the link between structural change and growth in India. It constructs indices of structural change, and performs a time series analysis of the data. It finds that 1988 marks a break in the time series of growth and structural change. There is one-way causality from structural...

Purpose: The aim of this study is to examine the motive of China’s and India’s engagement in African countries particularly in Ethiopia, and to address the land grabbing and debt-trap diplomacy between Ethiopia and the Asian drivers, which creates challenges across the diverse social,...

The diagnosis: Dutch disease caused by international remittances afflicts the middle income countries but not the upper income and low income countries. The middle income countries can inoculate their economies from getting the disease with robust macro and sectoral economy conditions. But if...

The diagnosis: Dutch disease caused by international remittances afflicts the middle income countries but not the upper income and low income countries. The middle income countries can inoculate their economies from getting the disease with robust macro and sectoral economy conditions. But if...

Foreign direct investment (FDI) inflows are fundamental and strong drivers of the global economic system. Mostly for the developing countries in several geographic region, the attraction of FDI is considered a catalyst for economic growth, under the condition that the recipient economies present...

This paper reviews the status of Agricultural Biotechnology in Sub-Saharan Africa. It addresses the potential economic benefits to Sub-Saharan Africa and the effect biotechnology policies may have on growth, production and poverty reduction. The extent to which agricultural biotechnology will...

Growth and development has always spurred outpouring of research. This paper offers a very preliminary survey of recent literature in the field.