This article reassesses the classic period of Import-Substituting Industrialisation (ISI) in Brazil between 1945 and 1979. New data presented here show that Brazilian industry achieved significant labour productivity growth during the post-war years and became more technologically sophisticated,...

Most developing and underdeveloped countries beside Sudan suffer from the low levels of income in addition to the low savings that are result from the lack of sophisticated savings channels. Hence, the investment depends on the individual's abilities on self savings, where the investment is...

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...

Namibia is now in its fourth year as an internationally recognised sovereign, independent state, and it is of interest to understand and consider the policy directions opted by the Government to achieve the objectives of growth' and equity. Obviously, three years in the history of a state do not...

This paper examines the economic scenario of the United States, before and after the 2012 US Presidential election by analyzing various macroeconomic variables such as GDP, Public Debt, Exchange Rate, Social Benefit Spending, Trade, Budget Deficit/ Surplus, Unemployment Rate, Inflation and...

During the first industrial revolution (IR1) human and animal labor technology converted into machinery, such as the steam engine, the spinning jenny, puddling and rolling processes for making iron, coke smelting, etc. During the second industrial revolution (IR2) electricity, internal...

Domestic (internal) tourism is currently considered as an important strategic option, as it is one of the most important sectors contributing to achieving economic and social development goals, as Algeria has natural, cultural, and heritage tourism potentials that make it a tourist destination...

The aim of this paper is to show that the dynamics of Schumpeterian economics, in addition to explain the creation of wealth, also implicitly contain the elements of a theory of relative poverty. It is argued that the German tradition of economics, of which Schumpeter is a part, has always...

We look at Korea's industrialization strategy and experience from the 1960s to the mid-1990s. Three elements of the Korean industrial development and structural change are discussed: 1) its outward orientation and export push, 2) its climb up the ladder of comparative advantage, and 3) its...

This essay deals with the history of development discourse, recurring problems, and its present day manifestations. It argues that the deindustrialisation of the core and concomitant hollowing-out of political institutions belies several truisms of development discourse, and that a new...