This book deals with the economic consequences of monetary integration, which has long been dominated by the Optimal Currency Area (OCA) paradigm. In this model, money is perceived as having developed from a private sector cost minimization process to facilitate transactions. Not surprisingly,...

This book argues that the capacity of a country to develop, and the levels of economic and social development achieved, depend more on the institutional parameters within which the development policies are implemented than on the policies themselves. It contends that forces of globalisation...

This book focuses on three critical issues pertaining to the broader goal of sustainable development - namely, the degenerative forces of globalisation, ecological sustainability requirements, and how best to negotiate the economic transition process. While the applicability of ecological...