Empirical studies show that the elasticity of substitution between capital and labor is larger than one in developed countries but smaller in developing countries. This paper develops a production function which allows for this structure in the elasticity of substitution. The case of a falling...

Companies in developing countries are adopting Artificial Intelligence applications to increase efficiency and open new markets for their products. This book explores the multifarious capabilities and applications of AI in the context of these emerging economies and its role as a driver for...

The success of the newly industrializing countries of the 1970s brought with it the hope that other Third World countries would soon be able to follow a similar path to development. The conditions facing this second generation of NICs appear far more unfavourable than those which faced the first...

The Lomé Convention with its 63 signatory states in Africa, the Caribbean and the Pacific (ACP) represents the centre-piece of the EC's development policy. The current agreement, Lomé II, expires on February 28, 1985, and negotiations on Lomé III already began in Luxembourg on October 6,...