A noted European economist argues that the Russian economy and its post-2000 growth have been heavily dependent on natural resources, especially hydrocarbons, and are bound to remain so for some time to come. Given that many economists have come to view rich natural resource endowments as a...

The Barbados economy is dynamic and internationally competitive, led by a private sector that demonstrates remarkable enterprise and innovation, from our largest and most successful firms to youth entrepreneurs of outstanding promise. But our public sector is living beyond its means and its low...

Turkey's relatively recent engagement with sub-Saharan Africa has been the subject of debate among scholars and policymakers. Various attempts have been made to answer questions such as “why Africa?” and “why now?” but these have largely ignored two key variables explaining Turkey's...

The new growth literature, using both endogenous growth and neoclassical models, has generated strong claims for the effect of national policies on economic growth. Empirical work on policies and growth has tended to confirm these claims. This paper casts doubt on this claim for strong effects...

The macro economic stabilisation in Azerbaijan has been successful. Following cessation of conflict with Armenia, and decline of GDP by 60 per cent from 1990 to 1995, the government in effect implemented a big-bang reform process in 1995. The inflation rate has now declined to the lowest rate of...

This paper aims to analyze the main reasons to the tendency toward stagnation of the Brazilian economy and to discuss a strategy of sustained development to overcome such tendency from a Keynesian-Structuralist approach, more specifically adopting a Newdevelopmentalism green agenda. A sustained...