Distinguishing between national and international infrastructure, this paper investigates how differences in infrastructure quality may affect the location of firms between countries. The paper employs a model which is particularly well suited for the less-developed-country (LDC) context. The...

The European Union's agricultural policies are wasteful, and Britain's share of the burdens of them are disproportionately large. Nonetheless, enlargement of the European Union in the 1970s and 1980s appears to have raised new members's growth rates (with the single exception of Grece). In...

The purpose of this paper is to explore economic and political implications of Europe's Economic and Monetary Union (EMU) for developing countries.

This article commemorates the 50th anniversary of the U.N. Economic Commission for Latin America by recalling Raul Prebisch, ECLA's first Executive Director, who hypothesized that developing countries on the periphery of the world economy were destined to remain suppliers of food and raw...