Between 1989 and 2003, low-income countries received $100 billion in debt relief. The stated objectives for much of this debt relief have been to reduce debt overhang and to free up recipient government resources for development spending that would otherwise have been used for debt service. In...

Abstract The purpose of this paper is to examine the implications of the Uruguay Round Agreements for domestic economic policy in developing countries, particularly those in the Asia Pacific region. Apart from trade liberalization these Agreements have also extended multilateral rules and...

As we can understand with the spread of GVCs, a lot of new questions emerge regarding the measurement of participation and positioning in the globalised production process. The World Development Report (WDR) 2020 explains the GVC phenomenon and then focus on participation and the prospects...

The Aid for Trade Initiative has reached its limits and is in a need to be revamped. This article describes the political economy that led to the launch of the Initiative and explains why it focused on the mobilization of financial resources. The mobilization of resources has been impressive...

The linkages between human rights and multilateral trade have been a subject of considerable debate in the last decade or so. The emergence of the World Trade Organization (WTO) in 1995 as the nodal agency for multilateral trade in goods and services led to its intrusion into many issues that...

The study aimed to empirically analyse GCC’s trade patterns based on the gravity model. Gravity model is derived from physics and is used to explain the bilateral flow of trade determined by GDP per capita, population, and distance. It is assumed that trade flow between the two countries is...

This paper contributes to the literature by introducing the role of geographic concentration of the source of remittances. Specifically, using data over 2010-2015 for 72 developing countries, we study the impact of (i) large remittances and (ii) the geographic concentration of the source of...

This paper investigates recent financial crisis and its impact on developing countries. Paper presents an alternative ways that crisis transmit form developed to developing countries. Further, it summarizes the challenges for the developing world. We analyze the transmission of global financial...

Cape Verde is a country prone to droughts with few natural resources and a significant emigration rate. However, the nation is known for its stable political and economic environment. This case study will address several questions. Should Cape Verde continue to develop educational and...