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...

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...

By using data for a sample of 38 countries over four episodes of crisis, the paper shows how trade linkages can transmit crises internationally (a phenomenon popularly known as contagion) via three channels: a competitiveness effect; and income effect; and an import effect. Using the LOGIT...

Singapore is experiencing a rapid growth of e-learning and it was estimated that e-learning market in 2005 was around US $106 million. Adequate infrastructure, rapid advancement of ICT sectors, globalization and changes in demographic profile, increasing demand for knowledge workers,...

Bangladesh adopted a liberal economic regime, particularly in the areas of trade, finance, and capital account, since mid-1980s. This study seeks to evaluate the impact of liberalization on the country’s economic growth by analyzing the 1974-2002 data with the help of cointegration and error...

Given that religion drives people’s behavior and actions in a more productive direction, it is not possible to separate religion from development. After a meticulous review of theory and empirical literature, the paper concludes that the relationship between religion and development is likely...

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...

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...