In this paper, we attempt to link the International Transparency index with economic development, specifically entrepreneurial activity. Using data collected through Global Entrepreneurship Monitor (GEM), CIA's World Factbook and the 1997 Transparency International, we found that overall...

The recurrence of economic crises serves to illustrate the limits of neoclassical economics and the contemporary established models. Modern-day economic developments are highly influenced by the theory of complexity. In terms of thermodynamics, the inputs of the process consists in economically...

Foreign direct investment has assumed importance in the policy space of the developing countries in their effort to speed up the tempo of economic development. Various aspects of foreign direct investment (FDI) are being investigated in the literature so as to facilitate the decision taking...

The paper is primarily structured in four sections. Section 2 deals with the four-stage reform process of infusion of Foreign Direct Investment in China. It provides an indepth understanding of how China moved from a controlled economy to a more open market economy. Section 3 discusses the...

China is poised to become a major player in world markets in a variety of industries. The government has recently designated the automobile industry as one of the pillars for its economic growth and development. This paper examines the auto industry as it has developed and its potential within...

This paper outlines several approaches and develops a conceptual explanation toward identifying catch-up processes between leaders and followers within a group of industrialised countries (or even emerging economies), in pursuit of higher levels of productivity and economic performance that...

In recent years, millions of poor people worldwide have benefited from microfinance activities, such as microcredit, microsaving and microinsurance, making this range of financial services a key-tool for economic growth of many developing countries. At the same time, the concept of Sustainable...

The paper examines relationships between enterprise development and major industries, and the national economic growth of Kazakhstan by applying linear regression analysis to the ten-year time series data. Following the study results, the authors discuss various reasons for the contemporary...

This study reviews the issue of foreign market entry by Multinational Enterprises (MNEs) and its effect in achieving national competitiveness of host countries, through the case of Kazakhstan, and considers policy implications for the nation. This study focuses on the following: the relationship...

The South Pacific region has been lagging behind in growth in comparison to similarly placed island countries in the Caribbean and Indian Ocean regions. This paper, which undertakes an empirical study, establishes that the rate of growth, market size, openness policy and real exchange rate are...