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We explain economic growth by both politics, i.e. government activity including spending as well as regulation, and institutional quality and its interaction with politics. This extends previous work on institution building in transition by looking at its impact and, at the same time,...
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The financial crisis of 2008–9 and the ‘Great Recession' that it precipitated highlighted a number of troubling dynamics in contemporary capitalism. Rising financial instability has received particular attention (Obstfeld and Rogoff 2009), as have other social problems such as trends of...
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This paper focuses on the way a crisis needs an institutional actor and champion. Through painfully slow intervention and muddling through, the ECB created new policy space for a European financial and banking system that was on the point of collapse. However the institutional commitment to...
Persistent link: https://www.econbiz.de/10013061407
In recent years Uganda has consistently been one of the fastest growing economies in Africa, leading to a substantial reduction in poverty. This book looks at how the country managed to carry out this economic transformation in the wake of Idi Amin's rule and the civil war of the 1980s
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industrial development in India with special reference to Maharashtra, in terms of industrial development of India, there was a … value added by 74864% the degree of achievement of India is less than other developing countries. In case of industrial … development in India. It is suggested that more efforts should be made for industrial growth in the country …
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