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Publications (22)
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– Relative Success and Comparative Failure
Botswana and Zimbabwe represent two cases of differential access to the world economy. Notwithstanding its lack of diversification and its reliance on a primary mineral export, Botswana has prospered while Zimbabwe has fallen into a deep crisis. Historical and comparative evidence allows us to...
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– Lessons from Sub-Saharan Africa
This paper analyses prospects for foreign direct investment (FDI) in Africa. The problems with regard to attracting FDI in small economies are not that different than those in larger economies in the developing world. In particular, lack of infrastructure, cumbersome government regulations and...
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This paper discusses the experience with opening up to the global economy of two small Central American countries, Honduras and Nicaragua. They have both strengthened democratic processes and reduced defence expenditure dramatically. Both have liberalized their trade régimes in the context of...
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– Lessons from the Recent Crisis in Southeast Asia
Up until the recent crisis, the Southeast Asian region had been regarded as one of the most dynamic regions in the global economy. Their industrial structures have undergone a process of adjustment into more capital-intensive and technologically sophisticated manufacturing sectors. These adjustments...
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This paper examines the impact of increasing integration of the island economies of the South Pacific into expanding international markets, particularly that of Fiji and the Solomon Islands. Since the 1980s, globalization of the world economy has altered dramatically the volume and character of...
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By globalization we mean an external shock; specifically an increased world demand for various goods (or bads) including the products and services which are illegal. We analyse the effects of these shocks on growth and capital stocks by utilizing two different models. The first examines an exogenous...
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This paper surveys issues related to globalization, and the obstacles to the successful integration of vulnerable economies. For many developing countries, the positive benefits of the increased globalization that has been taking place since around 1980 remain distant and elusive. The economies of...
This excellent new book contains contributions from a number of leading experts and is the result of the UNU/WIDER project on globalization and low-income countries. The discussion focuses in on how to harness globalization for the benefit of present day marginalized countries and enhance their...
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Globalization has drastically improved access of technological latecomers to advanced technologies and provides a unique opportunity for low-income countries to raise per capita income. This paper shows that low-income countries as a group have in fact substantially increased the GDP-ratio of...
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This paper reviews the critical theoretical and policy issues relating to growth, economic development and structural transition in small states. The paper discusses alternative perspectives on small size and highlights the salient characteristics which give rise to their economic sub-optimality...
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This paper investigates the impact labour regulation, as defined by labour standards, have on the international trade regime. After providing a description of the debate's landscape, the paper focuses on the questions: Could the adoption of a domestic labour standard improve welfare for an...
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This paper examines whether protectionist tendencies, in terms of both policy preferences and policy actions, in 'Northern' countries-looking in particular at the United States - seem to be an obstacle to the integration into the world economy of small, vulnerable 'Southern' countries. The paper...
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Beginning with an empirical analysis of banking crises using a logit econometric model covering a sample of developed and developing countries between 1980-97, the paper suggests that crises are more likely in years of low growth and high real interest rates. Private sector credit as a percentage of...
Journal Article
This article argues that developing countries face inherent obstacles in setting up efficient financial regulation, and building up a sound banking sector: the presence of multiple tasks and multiple principals, poor institutions, lack of economies of scale in the banking sector as well as...
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– Supply and Demand Restraints in a North-South Macro-model
This paper constructs a macroeconomic model of North-South interaction where the flow of narcotics from the South to the North is restricted. Their economic effects are akin to quantitative restrictions in trade policy. Two alternative policy scenarios will be considered. One involves reducing the...
Journal Article
– Supply and demand restraints in North-South macro-model
This paper constructs a macroeconomic model of North–South interaction where the flow of narcotics from the South to the North is restricted. The economic effects are akin to quantitative restrictions in trade policy. Two alternative policy scenarios will be considered. One involves reducing the...
Displaying 16 of 22 results