Economists agree that countries that are close together may experience common shocks that affect growth; that a country’s growth rate depends not only on domestic investment but also on the investment of its neighbouring countries. On the negative point, common shock such as wars and political...

This paper examines the potential impact of energy consumption and foreign direct investment (FDI) on inclusive growth in 32 Sub-Saharan Africa (SSA) countries from 2000 to 2019. The results from the 2-stage system generalised method of moment (GMM), reveal that energy consumption induces...

As I am writing this book, Russia is invading Ukraine, and the world’s beliefs in global institutions, peace, humanism, and social progress have been shaken again. Understanding why conflict is endemic to any social relation, under which conditions it is a positive element in social life, and...

The main thesis in this manuscript is that a social choice theory based on aggregating individual preferences and values is insufficient to confront the social choices that today’s world is facing. It is defended in here that institutions play a critical role in any social choice, and that the...

This book presents the reasons for which, given the globalization brought about by the ICT revolution, both liberalism and realism are ill suited as guides for international relations. And it argues in favor of a third option: institutionalism. The liberal ideal of progress and peace, brought...

As I am writing this book, Russia is invading Ukraine, and the world’s beliefs in global institutions, peace, humanism, and social progress have been shaken again. Understanding why conflict is endemic to any social relation, under which conditions it is a positive element in social life, and...

The article deals with the implementation of the Programme of Monetary Reconstruction and Economic Recovery of Yugoslavia in the first six months of 1994. It were explained the phases of the Programme implementation and then the global movements in Yugoslav economy in first half of 1994...

“Does economic openness increase income?” is retested using quantity measures of trade, finance, and domestic economic size, and the short answer is: “It de-pends”. The results show that Africa and the Americas lose from both trade and financial openness, while Asia gains from trade...

The globalization process, from both a temporal and locational point of view, has led to changes in the human interrelations, to the unification and expansion of economical activities over the regions and countries. The Romanian economy is depending strongly on the decisions made by large...

In addition to altering fiscal, monetary, and exchange rate policies in response to the surge in international capital inflows in the early 1990s,policy makers in many countries in ASIa, Eastern Europe, and Latin America have resorted to measures to control capital inflows.We provide a...