While many developing countries have reformed their financial systems over the last few decades, how an increased level of financial liberalization affects the saving-investment relationship remains unclear. This paper examines the dynamic relationship between the domestic saving and investment...

This paper will examine the current status of foreign direct investment (FDI) in the Indian telecommunications sector and the issues facing foreign companies seeking to invest in the Indian telecommunications sector. The paper concludes with a brief econometric examination of the factors...

Social infrastructure has endured a long period of neglect in most developed and emerging countries, with chronic underinvestment exposed by the coronavirus crisis 2020. The financial crisis 2007/08 led to a slow revival of economic infrastructure policies, and a growing involvement of...

This paper, published in Labour Focus on Eastern Europe , Number 59, 1998. pp 74-93 and reproduced in a number of journals and books, examines the consequences for world trade of the restructuring – commonly termed ‘globalisation’ that arose out of the Uruguay round of the GATT and let to...

This paper reports the findings of Granger causality tests on the relationship between foreign direct investment (henceforth, FDI) and local financial market development across 62 countries from 1996 to 2007. In this paper we explore whether local financial market development is important in...

This article is a prepublication transcript of ‘Has the Empire Struck Back?’ in Albritton, R, Makoto Itoh, Richard Westra and Alan Zuege (eds) Phases of Capitalist Development: Booms, Crises, and Globalization, pp195-215. London: McMillan. ISBN 0 33375 316 X The paper conducts an empirical...

This paper was presented at 15:00 hours local time in Ankara, Turkey on 11th September 2001. On the basis of an economic analysis of the world economy it surmises an entry into an ‘age of war’ – a period of financial and military competition between advanced countries comparable to the...

This paper follows the 9/11 paper presented at METU in the previous year. It attempts to analyse the fundamental features of the world economy giving rise to the present military phase. It argues that globalisation is a self-limiting process. Fundamental long-term developments, arising out of...

This is a fuller but earlier prepublication version of an analysis of stagnation and divergence in the world economy which appeared in Pettifor, A (2003) Real World Economic Outlook, pp152-159. Basingstoke: Palgrave MacMillan, pp152-164. It uses data published by the IMF’s World Economic...

For Latvia with incoming into the European Union big opportunities in the international markets have opened. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. In paper various indicators of a national economy before and after...