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Publications (8)
Working Paper
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– US FDI in Emerging Economies
The paper investigates the impact of exchange rates on US foreign direct investment (FDI) flows to a sample of 16 emerging market countries using annual panel data for the period 1990-2002. Three separate exchange rate effects are considered: the value of the local currency (a cheaper currency...
Working Paper
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China’s engagement in the so-called international fragmentation of production – namely ‘cross-border dispersion of component production/assembly within vertically integrated manufacturing industries’ – has become an increasingly important form of its economic integration into the regional as well as...
Working Paper
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– An Analysis of Services and Manufacturing
Manufacturing has traditionally been regarded in the development literature as having special ‘growth-pulling’ or ‘growth-enhancing’ properties. The share of manufacturing in GDP has been declining slightly over time in South Africa, while that of services has been growing. This study focuses on the...
Working Paper
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– The Roles of China, India, Brazil, and South Africa
Software technology is gaining prominence in national information technology (IT) strategies due to its huge potential for socioeconomic development, particularly through the support it provides in the productive sectors of the economy, delivery of public services and engagement of citizens. In...
Working Paper
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– A Quantitative Analysis
Following the economic liberalization in India, the service sector has gained prominence in the economy as it accounts for the largest share of GDP and, also that the share of this sector in GDP has been growing very rapidly. Empirical data reveal two significant trends in the service sector...
Working Paper
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– New Approaches to Development Strategy Based on the Service Sector
Industrialization occupies a central place in the rich tapestry of development theory and practice. Although that place has varied over time, many have agreed with Nicholas Kaldor that the kind of economic growth that leads to high real income per capita can only occur through industrialization...
Working Paper
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– The Coming Global-Asian Era and its Consequences
The rise of China as an economic and political ‘driver’ of the global economy is likely to be one of the defining moments of world history. Its dynamism and international expansion are on the verge of creating a ‘critical disruption’ in the global order that has held sway for over 60 years. As such...
Working Paper
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International remittances have been portrayed as the human face of globalization given their potential to alleviate poverty by directly increasing household income. Using a panel of rural households in Mexico from October 1998 to November 2000 this study assesses whether this is in fact the case...
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