Does trade improve institutions and contribute to long run growth? I develop a theory of trade, in which trade liberalization provides incentive to change institutions in two ways. On the one hand, trade leads to specialization according to comparative advantage, expanding the industries that do...

Although scholarship in law and development which explores the relationship between law and social and economic progress has evolved over the last four decades, this area of inquiry remains unfamiliar to many legal scholars, lawyers, and policy makers. Scholars have not yet been able to develop...

This article views social entrepreneurship as a relatively new model for achieving sustainable development. It also identifies development narratives that social entrepreneurs (SEs) construct to represent and promote their work as an important research gap in development studies. Drawing on the...

Social impact investors seek social and environmental impact from their investments, in addition to financial returns. This chapter discusses the potential of social impact investment for developing countries, highlighting several examples to demonstrate how it works in practice. It examines the...

This paper shows that Lewis' development theory is nothing but Malthus' dismal science. It re-addresses the important aspect of population to economic development, but emphasizes the free will to fertility. Finally, this paper advocates laissez faire and local self-governments as foundation for...

This paper refutes Gregory Clark's chauvinist view that European countries are superior to the Asian ones, because they have been so. This paper proves that Clark's empirical result is merely a movement along an isoquant with no implication on productivity. Then, this paper works out a similar...

The author proposes theoretical and methodological aspects of the applied strategic analysis (ASA) as a new instrument of the balanced scorecard (BSC) comprehensive study of the organization economic activity. The ASA concept has resulted from the further development of the BSC concept which...

It is often argued that, ethically, resource rents should accrue to all citizens. Yet in reality the rents from exploiting national resources are often concentrated in the hands of a few. If resource rents were to be taxed, on the other hand, substantial amounts of public money could be raised...