This paper contrasts the poor performance of African economies over the past 30 years with the remarkable development of East Asian newly industrialized countries. It provides evidence that the lack of diversification, stemming from the adoption of inward-looking strategies, interventionist...

This paper contrasts the poor performance of African economies over the past 30 years with the remarkable development of East Asian newly industrialized countries. It provides evidence that the lack of diversification, stemming from the adoption of inward-looking strategies, interventionist...

The Chinese state has integrated its economy into the neoliberal globalization of trade and investment without neoliberalizing its own financial markets, and to ensure stability, the state applies strict controls on interest rates, capital movement and the value of RMB. The Chinese state...

This paper will attempt to provide a comprehensive answer to the complex issue of development in sub-Saharan Africa by identifying an FDI reliance-rejection paradox emanating from the incompatibility between colonial legacies and Structural Adjustment Programmes. Since the 1980s, international...

This article is based on an exhaustive review of empirical evidence from secondary sources of information seeking to answer the research question: What are the main obstacles raised by the Institutional and Regulatory framework for R&D activities in Colombia’s biotechnology sector? The main...

The paper presents a brief theoretical and historical explanation of the transformative process of the Japanese economy from a stagnant agrarian society to a modern industrial one. Specifically, it analyzes the role of agriculture in the early stage of Japan's development in the last three...

In this paper we will first discuss the economic performance of the high growth East Asian countries and the different explanations to be found in economic literature. Thereupon we will try to establish the role of international technology transfer in the economic growth process of East Asian...

In contrast to the existing literature, which explains the recurrent cost problem as largely the result of institutional impediments to LDC welfare maximization, this paper analyzes the problem by constructing a series of scenarios in which the less developed country would be led to reduce the...

The study examines the relationship between private and public investment in Zimbabwe utilizing yearly time series data for the period 1970 to 2007. Emphasis is placed on the direction of causality and the effect of the two types of investment on each other. The paper constructs empirical models...

This paper introduces a real-financial CGE (computable general equilibrium) model for economic policy analysis. It is a multi-investor, multi-asset, and multi-sector model appropriate for what-if policy analysis in a single-country open-economy framework. The financial side includes a central...