Rapid growth in a number of East Asian economies over the last three decades has been facilitated by an effective strategy of human resource development. The principal element of this strategy has been to provide basic education and health to a wider segment of society. This strategy helped...

This essay explores the relationship between political regime and critical economic outcomes such as economic growth and poverty reduction. The organization of the paper is as follows. Section 2 makes a brief review of the economic performance of developing Asian economies over the last four...

Bangladesh is currently in the midst of a deadly political crisis. When Bangladesh was born forty-plus years ago, it was generally thought that the Achilles heel of this newly minted country will be its economy. History has, however, proved it wrong. Though the proximate cause of this current...

One of the persistent, unresolved controversies of economic development is the effectiveness of development assistance —whether foreign aid contributes to economic development. This article argues that this controversy is largely an artifact of a methodology that focuses on the “averages”...

The paper sets out a simple growth model that assumes imperfect substitutability between immigrants and native workers and posits technological progress as a necessary by-product of the migration process. The paper explores a much-neglected topic of the long-run impact of immigration on a...

This paper explores the relationship between microcredit and poverty reduction. To investigate this question, we posit a bare-bone, household model that outlines the economic environment within which various types of family microenterprises operate. It hi

Recent years have seen the emergence of a considerable volume of literature on governance and its role in economic and social development of a country. This paper provides a critical review of the literature. This review brings into the open a number of serious conceptual, measurement, and data...

One of the persistent, unresolved controversies of economic development is the effectiveness of development assistance – whether foreign aid contributes to economic development. This article argues that this controversy is largely an artefact of a methodology that focuses on the...

Recent years have seen the emergence of a considerable volume of literature on governance and its role in economic and social development of a country. This paper provides a critical review of the literature. This review brings into the open a number of serious conceptual, measurement, and data...