In spite of the global economic and financial crisis the Baltic States continue with their transition. According to the World Bank, Estonia and Latvia already are high income countries and Lithuania is an upper middle income country. All the Baltic States are members of key multilateral...

Bangladesh came into being following more than two decades of political struggle culminating in the war of independence in 1971. This struggle was inspired by a vision for a democratic, non-communal, prosperous, and equitable society. After 15 years of parliamentary democracy, it is reasonable...

Bangladesh came into being following more than two decades of political struggle culminating in the war of independence in 1971. This struggle was inspired by a vision for a democratic, non-communal, prosperous, and equitable society. After 15 years of parliamentary democracy, it is reasonable...

Following its opening to trade and foreign investment in the mid-1980s, Mexico’s economic growth has been modest at best, particularly in comparison with that of China. Comparing these countries and reviewing the literature, we conclude that the relation between openness and growth is not a...

This paper examines the role of institutions in economic growth and the role of the institutions created by the Russian state in particular. The author stresses the finding that growth-supporting institutions vary according to the level of economic development in a country. In a post-industrial...

This paper critically reviews the debate of ‘growth and development’ since 1950 in order to place and conceptualize the term inclusive growth. The paper argues that the basic objective of inclusive growth is the smooth functioning of nation state and to avoid socio economic and political...

The Millennium Development Goals (MDGs) are widely cited as the primary yardstick against which advances in international development efforts are to be judged. At the same time, the Goals will be met or missed by 2015. It is not too early to start asking ‘what next?’ This paper builds on a...

This paper examines whether the federal structure of aid-receiving countries matters in explaining aid effectiveness. Following the decentralization theorem, the devolution of powers should increase aid effectiveness, since local decision-makers are better informed about local needs. At the same...