This paper examines the long- run equilibrium relationships between the major stock indices of Singapore and the United States and selected macroeconomic variables by means of time series data for the period January 1982 to December 2002. The results of various cointegration tests suggest that...

The process of globalization seems to have created two opposing forces, outsourcing and international migration, which are likely to have a balancing impact on the global economy. While the developing countries are losing skilled labor through ‘brain drain' to their developed counterparts,...

Access to education has long been considered an important vehicle for poverty alleviation and tremendous efforts (national as well as international) have been made to broaden such access in LDCs. The ICT revolution in the past decade has greatly facilitated such efforts as education can now be...

The American dollar has been the anchor currency of the international monetary system and no other currencies have so far been able to rival the greenback in its standing. Does the birth of Euro pose a challenge to the hegemony of the dollar as the predominant currency? This paper seeks to...

Islamic finance has been growing rapidly since its launch in the 1970s. The major market for this industry is typically the Middle East and it is gaining popularity in the UK, USA and Southeast Asia. Malaysia is the leading Islamic finance industry in Southeast Asia while its neighbor Singapore...

Three aggregate indices representing agriculture, industry, and basic needs were constructed by combining various subsets of indicators with the help of the Wroclaw taxonomic method. The composite scores were then utilized to rank 126 countries, which are again divided into three groups by using...

After reviewing Singapore’s economic performance in the past three decades, the paper seeks to identify the reasons for Singapore’s success by adopting a political economy approach. It is argued that Singapore adopted a balanced combination of market and government and its economic...

This paper examines the long-term as well as short-term equilibrium relationships between the major stock indices and selected macroeconomic variables (such as money supply and interest rate) of Singapore and the United States by employing the advanced time series analysis techniques that...

After briefly discussing the various issues pertaining to Globalization and the global economy, the paper presents the comparative economic performance of the Islamic countries by using appropriate statistics and discusses the challenges, mainly the economic ones. It is stressed that the Islamic...