The recent interest in the development processes of BRIC countries (Brazil, Russia, India and China) has been triggered by their high growth performance, but their political and social backgrounds are entirely different. This book traces the economic history of BRIC countries to understand their...

In this paper we have looked at the structure of competition in the Indian corporate sector during 1989 - 2003 and found that the new industrial policy has not been able to foster greater competitiveness in organized industries. In spite of an increase of in the number of firms, the industry...

Incentive offers along with performance requirements are a notable feature of the Foreign Direct Investment (FDI) policies of South Asian countries after they opened up to trade and investment in the 1990s. Since FDI operates in an imperfect market environment, a government policy that tries to...

This paper develops a model of trade, with monopolistic competition, between a raw material rich less developed country (LDC) and a technically advanced developed country (DC). It turns out that while many of the neoclassical conclusions regarding the effects of technical progress and tariffs on...

According to the Pollution Haven Hypothesis (PHH), weak environmental policies improve a country's comparative advantage in the polluting sector, thus promoting its expansion. In this paper, we develop a neo-classical general equilibrium model with two goods and two factors and show that the...

In a North–South model of trade in which the market structure is monopolistically competitive, though North's attempt to reduce pollution creates a ‘pollution haven’ in South, its terms of trade improve and total number of varieties produced in the world economy may increase. The paper...

The Pollution Haven Hypothesis (PHH) states that with weak environmental policies a country can create comparative advantage in the polluting sector. This paper formulates a 3-good-3-factor model where the abatement input is a pure intermediate good. In our model, the PHH as well as the...

"Health spending as a percentage of gross domestic product in the U.S. economy is growing, from 5% in 1960 to about 16% in the current period, and it is predicted to grow to as much as 30% in 2050. Then why is the supply of health care in the United States so insensitive to steeply rising...