The early 1960s can be regarded as the "Big Bang" for international cooperation and development policy. The US was pushing an international system to support developing countries, and in 1961, it established the US Agency for International Development (USAID). The same year saw the Organisation...

Not so long ago, an alternative to American hegemony and progressive isolationism was elaborated by non-aligned segments of the international left. In the search for potentially usable models from the past, this paper will shed light on the New International Economic Order (NIEO). Promulgated as...

South Africa has exhibited tepid economic growth over the past twenty years as well as high levels of income inequality characteristic of a middle income country growth trap. This paper compares and contrasts South Africa's growth trap relative to middle-income peer economies. In addition, we...

This paper discusses the recent literature on the role of the state in economic development. It concludes that government incentives to enact sound policies are key to economic success. It also discusses the evidence on what happens after episodes of economic and political liberalizations,...

Conclusive evidence supporting the widely held view that developing countries should draw on foreign direct investment (FDI) to spur economic development is surprisingly hard to come by. We raise the proposition that results on the growth impact of FDI are ambiguous because highly aggregated FDI...