DEVELOPMENT IS THE MOST IMPORTANT CHALLENGE FACING THE HUMAN RACE BUT THE PROCESSES DRIVING ECONOMIC DEVELOPMENT ARE BY NO MEANS FULLY UNDERSTOOD. HOWEVER, THE CORE CHALLENGE FOR DEVELOPMENT IS TO ENSURE PRODUCTIVE WORK AND A BETTER QUALITY OF LIFE FOR ALL THE PEOPLE OF THE WORLD. THIS CHALLENGE...

This paper consits of two parts .. First part is a Static model..and models a globalised economy and observes the effects of sense of security between nations and the willingness of people to develop and cooperate.the Second part considers the world as a set of regions specialising in production...

DEVELOPMENT IS THE MOST IMPORTANT CHALLENGE FACING THE HUMAN RACE BUT THE PROCESSES DRIVING ECONOMIC DEVELOPMENT ARE BY NO MEANS FULLY UNDERSTOOD. HOWEVER, THE CORE CHALLENGE FOR DEVELOPMENT IS TO ENSURE PRODUCTIVE WORK AND A BETTER QUALITY OF LIFE FOR ALL THE PEOPLE OF THE WORLD. THIS CHALLENGE...

Recent years have witnessed an unprecedented debate on globalisation. Attention has focused on the origin and main features of globalisation and its potential impact on world economic, political and social order. This research and policy debate is understandable, as the pace and consequences of...

If bigger objects go into a jar, then there will be space to fill it with smaller objects in sequence. If the order of the objects are reversed, then it ends in filling it at the starting point. Happiness in life is similar to this. Fill high priority needs in the life, and smaller needs can be...

The financial turmoil that hit Russia in August 1998, was extremely confusing to many foreign observers working in Russia. It was astonishing to see a country that seemed on its way to prosperity suddenly experiencing an economic meltdown. As part of my work, I was often asked to provide...

Some economists have argued that the process of disintegration of the world economy between the two World Wars led to income divergence between the countries. This is in keeping with the view that economic integration leads to income convergence. The paper shows that the view that the period...

The objective of this work is to analyse the income inequality in the 15 EU countries during the convergence process to the Monetary Union. Using the information contained in the European Community Household Panel, corresponding to the four first waves. Using the inverse second order stochastic...

Plenty of food, Sufficient clothing, Proper monitoring of the Key Socio- Economic factors, with commitment to Domestic Productivity were the Essence of the Administrative strategy of Mrs. Indira Gandhi (Late Prime Minister of India). These approaches could be critically related to the remarkable...

The reconstruction of the international order after World War I put great emphasis on social reforms through the International Labor Organization (ILO). Three types of arguments were used to promote social reform. The first asserted that international economic competition meant that social...