This paper revisits the problem of economic development questioning the implicit premise that developing economies are nascent systems on their way to maturity. It is proposed that the developing countries should instead be viewed as mature systems in a low-welfare homeostasis reached under...

The goal of this study was to investigate whether natural resource dependence affects per capita growth through the financial system. A well-developed financial system provides better access to credit which is essential to economic growth. Therefore, if natural resource dependence hinders...

This paper re-evaluates the telecommunication policies often applied to create regional dispersion of services in developing countries. We observe that failure to consider the complexities of the regional telecommunication systems in creating policies and investment strategies has increased the...