The gap between the per capita income of most Arab countries and that of advanced industrial countries has widened since the early 1990s. The economic growth performance of the Arab world has been weak by developing country standards, too. Yet, the diversity of growth patterns within this group...

In Lateinamerika hat sich auf breiter Front eine wirtschaftspolitische Umkehr vollzogen. Immer mehr Länder haben gesamtwirtschaftliche Stabilisierungsmaßnahmen ergriffen und sich gegenüber den internationalen Güter- und Kapitalmärkten geöffnet. Zeitpunkt und Umfang der Reformen variieren...

It continues to be heavily disputed whether foreign aid promotes economic growth in developing countries. In most cross-country regressions, aid is considered effective only if it shifts recipient countries to a significantly higher and sustainable growth path. We apply an alternative approach...

In this paper we provide an overview of the growth model in China and its prospects, taking a medium-run to long-run perspective. Our main conclusions are as follows. First, the still prevailing producer-biased model of managed capitalism in China tends to engender, as an inherent byproduct,...

In this paper we provide an overview of the growth model in China and its prospects, taking a medium-run to long-run perspective. Our main conclusions are as follows. First, the still prevailing producer-biased model of managed capitalism in China tends to engender, as an inherent byproduct,...