The idea of a world economic system based on the Centre-Periphery analysis cannot provide a satisfactory overall explanation of some developing countries real situation. New terms have appeared recently, such as “advanced developing countries” or “new industrial countries”. In fact these...

Une mise en perspective des événements les plus récents dans le domaine de l'endettement des pays émergents. Sont abordés : le cadre institutionnel établi après la Seconde Guerre mondiale, la rationalité des marchés financiers internationaux, les réductions de dette dont bénéficient...

Today governance and democracy are commonly considered as key factors of success for economic policies in African countries, and, more broadly, for the level of development achieved. The first explanation is that the recurring failure of programs recommended by the international institutions in...

Countries referred to as “developing” are being urged more and more to reform their “investment climate”. It is often said that a “good” investment climate leads to both increased economic growth and reduced poverty. In these countries, corrupt government, clientelism, a lack of...

La sous-évaluation de la monnaie chinoise vis-à-vis du dollar est souvent dénoncée comme l’une des causes des déséquilibres mondiaux. Les autorités américaines soutiennent que la Chine manipule son taux de change tandis que la majorité des travaux empiriques estiment que le yuan est...

Using equilibrium exchange rate models (PPP, BEER and FEER), many authors have concluded that the renminbi is undervalued by 15 to 30% against the dollar, but they implicitly assume that the economy is at full-employment, a debatable hypothesis for developing economies such as China, whose...

Analyse l'épargne mondiale et explore les voies qui permettraient d'améliorer le fonctionnement des marchés boursiers et financiers, afin de rééquilibrer le partage de l'épargne entre Etats-Unis, Europe et pays pauvres et d'assurer un développement plus équitable au niveau mondial....