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Following the 1978 economic reforms, China gradually became first amongst developing countries and the second in the world, after the USA, in terms of stock of inward Foreign Direct Investment (FDI). Sustained GDP growth, a high rate of capital return and brisk economic development made China...
Persistent link: https://www.econbiz.de/10012006056
The article provides a broad-based overview on competing development strategies and the economic performance of developing countries, mainly since the year 2000. Four traditional mainstream development strategies are discussed (Washington Consensus, neo-liberalism, "good governance" and MDGs)...
Persistent link: https://www.econbiz.de/10011300734
Financialisation in Iceland should be seen as an evolving process driven by a mixture of global and domestic forces. Responding to fundamental issues underlying macroeconomic imbalances, the authorities introduced policies that proved particularly supportive of financial expansion at a time when...
Persistent link: https://www.econbiz.de/10011311191
Weak economic performance of most oil rich countries states that natural resources are more curse than blessing for these countries. Resource curse theory examines the negative effects of rich natural resources on economic growth from an economic and political perspective. Since 1960s...
Persistent link: https://www.econbiz.de/10010229901
The paper analyses the enigmatic high growth in Ethiopia from 2004 to 2015 (10.9% p.a.) and gauges the prospects for the future. In 2000, Ethiopia was the poorest country on the globe in per capita GDP - a mere 124 USD in current prices. The main finding is that the take-off was driven by...
Persistent link: https://www.econbiz.de/10011487504
Previous work has established that an appreciation of the real exchange rate (REER) contributes to premature deindustrialization, less productive investment and dependence on commodity booms and busts in emerging markets economies (EME). From the previous literature, it is less clear however...
Persistent link: https://www.econbiz.de/10012107936
explain the lack of convergence. A first group of approaches focuses on the lack of sufficient productivity development (free …
Persistent link: https://www.econbiz.de/10011843069
Today we can learn from the Communist Manifesto that unregulated markets lead to disastrous economic, social, and political developments, which can endanger the reproduction of the capital system itself. The liberal argument, based on Adam Smith's invisible hand - that markets coordinate the...
Persistent link: https://www.econbiz.de/10011790538
Labour market developments have Germany undergone two shocks: German reunification in the early 1990s, and the Hartz reforms in the early 2000s. They separated the German labour market into the traditional rather corporatist labour market segment, characterised by a high degree of coordination,...
Persistent link: https://www.econbiz.de/10011954060
The growth model perspective has provided positive momentum for Comparative and International Political Economy. This article seeks to move beyond the existing geographical confines of this perspective to elaborate on its potential for enhancing our understanding of the trajectories of different...
Persistent link: https://www.econbiz.de/10013366255