This paper points out the limitations of the privatization programme in Bangladesh, with particular reference to the debt-default status of privatized firms. First, detailed analysis of the debt-default status of privatized firms is presented using data obtained from the central bank. Secondly,...

The Japanese economy has been mired in subdued growth and deflation for more than two decades. This paper describes the key economic facts and features of Japan’s decades of stagnation. It discusses why long-term Japanese government bonds’ nominal yields have stayed very low in spite of...

This paper analyses the data on international foreign aid. It examines the basic data on who gets foreign aid, how much, how aid dependent are the recipient countries, and how the international foreign aid regime has evolved. It is argued that the pattern of the flow of foreign aid suggests that...