Reviews the literature on economic development and discusses the growth performance of developing countries over the last 40 years. Comments on the relationship between agriculture and industry and considers the relationship between state, development strategies and international trade. Reviews...

Purpose – The purpose of this paper is to investigate convergence or divergence trends at global scale. Design/methodology/approach – The paper questions the methodology and findings of the conventional convergence literature using linear OLS models. It introduces polynomial (quadratic)...

Reviews the literature on economic development and discusses the growth performance of developing countries over the last 40 years. Comments on the relationship between agriculture and industry and considers the relationship between state, development strategies and international trade. Reviews...

Voluntary export restraints (VERs) have been widely used in recent years. VERs may be applied on a quantity or a ratio basis. A simple on‐equivalence between volume and ratio VERs is noted and potential political economy aspects are commented on.

Purpose – This paper aims to evaluate critically the validity of rival theorisations of the hidden economy that variously read this sphere as a leftover from a previous era, a by-product of a new emergent form of capitalism, a complement to formal employment or an alternative to the formal...