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Publications (10)
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The object of this paper is to analyse the evolution of the international trading system from its inception as GATT in 1947 to its latest incarnation as WTO, comprising the complex array of agreements forming its substance and mandate. The study focuses on the adequacy or the inadequacy of the...
Working Paper
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This paper sketches a profile of international labour migration over the past fifty years and draws a distinction between different categories of labour flows in the contemporary world economy. It examines the underlying factors with an emphasis on structural determinants at a macrolevel. It...
Working Paper
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Recent financial crises, whose effects have been particularly severe in developing countries, have led to a wide-ranging debate on international financial reform. This debate has had to confront the implications of the huge growth of international capital movements, one of whose consequences has...
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– Prospects for Institutional Renewal
This paper assesses the institutional constraints on the effectiveness of the United Nations over the course of its existence, especially in relation to its central mission to promote international peace and security. Only passing attention is accorded to the Bretton Woods institutions. The paper...
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The raison d'etre of the nation-state is the ideology of nationalism. Yet, nationalism is a complex notion which encompasses the society, the state and the economy. It comprises of a complex nexus of multiple loyalties ofan individual as a member of the society, duties and rights of the citizen in a...
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– Kazakhstan and Uzbekistan
The IMF model of the economic transition stresses the role of macro policy reform. It concludes that rapid reform to a market economy is preferable to slow reform because late reformers experience very steep transition recessions and severe contractions in government revenues. However, the...
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– A Nordic Perspective on the Dutch Disease
The paper begins by offering a quick glance of the Nordic economies and of some aspects of their economic growth performance and natural resource dependence since 1970. Thereafter, it reviews some of the main symptoms of the Dutch disease, and then considers whether these symptoms are observable in...
Working Paper
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The present paper presents a short-run theoretical macroeconomic model of the type suggested in Sachs (1996), attempting to differentiate economic development in East Asia with Latin America. Latin America, when compared to East Asia is said to exhibit a pattern of growth associated with relative...
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– The Relevance of the 1870-1914 Experience for Today's Developing Economies
Resource-Led Growth - A Long-Term Perspective surveys the 1870-1914 experience of growth in resource-rich economies: the so-called regions of recent settlement, some tropical countries and some mineral-based export economies. First, three contrasting stylized views of resource-led development are...
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– Improving the Performance of Resource-Rich Countries
Since the 1960s the resource-rich developing economies have under-performed compared with the resource-deficient economies. This paper explains why and outlines the reforms that are required in order to achieve environmentally and socially sustainable resource-rich development. It argues that...
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