Amidst intense debt relief, and alongside dramatically improved governance, investment and growth increased substantially across Africa during the past decade. This paper interprets the timing of the Heavily Indebted Poor Countries (HIPC) Initiative, launched by the IMF and World Bank in the...

Global demarcations exist between development aid and foreign direct investment. Rigorous statistical analysis that contrasts the relative homogeneous and heterogeneous influences of time-series panel data allows regions in the developing world to define themselves endogenously. The results...

Intellectual property protection affects the manner in which multinational enterprises facilitate technology transfer from the innovating North to the developing South. Firms with products that are complex or technologically sophisticated will tend to internalize production through foreign...