MOVING BARBADOS FORWARD Abstract Jay R. Mandle More than forty years ago, Simon Kuznets on the occasion of receiving the Nobel Prize in Economics, distinguished between economic expansion based on the exploitation of natural resources and the process he described as "modern economic growth." The...

Multinational firms have contributed to economic growth in the developing world. But the risk of growing corporate power is that it abuses this power. How does one balance the two concerns? Merely returning these countries to "localism" will not work, argues this economist. He offers his own...

There is no reason to despair about the world's ability to reduce the environmental damage due to the use of fossil fuels. Growing nations have solved similar problems before, argues the author. But it will take serious government commitment to investment in a search for new technologies. This,...

Clearinghouses were private organizations that not only had the power to audit member banks’ balance sheets and levy fines, but also provided emergency liquidity during large-scale financial panics. This paper studies how clearinghouses affected bank composition and solvency during stable...