Views of the future China vary widely. While some believe that the collapse of China is inevitable, others see the emergence of a new superpower that increasingly poses a threat to the U.S. This paper examines the economic growth prospects of China over the next two decades. Extrapolating past...

Views of the future China vary widely. While some believe that the collapse of China is inevitable, others see the emergence of a new superpower that increasingly poses a threat to the U.S. This paper examines the economic growth prospects of China over the next two decades. Extrapolating past...

Nigeria is going through a difficult political and economic transition after decades of independence.Yet, Nigeria remains a society rich in cultural, linguistic, religious, ethnic and political diversity. Today, the average Nigerian struggles hard to make ends meet; sees himself or herself as...

By the end of 1999 HIV/AIDS was present in at least 200 countries and approximately 34.3 million people were living with the disease, 5.3 million of whom had been infected in that year alone (WHO 2000). Approximately 21.8 million persons had died from AIDS by 2000 and countries where life...

The entire discussion about Globalisation that is prevalent today is about PSEUDO globalisation. It is apparently about opening economies for free trade. The need of the hour is not mere opening of economies, but one of opening hearts and minds.... Globalisation anchors for its success on the...

In this paper, we have obtained closed-form solutions in Cass-Koopmans growth models with heterogeneous agents. The relationship between the form of production function and the dynamics of income distribution is made explicit. We then use this relationship to determine what production structure...

This paper analyzes a simple model that captures the relationship between institutional quality, the shadow economy and corruption. It shows that an improvement in institutional quality reduces the shadow economy and affects the corruption market. The exact relationship between corruption and...

The causes and consequences of corruption have attracted much attention in recent years by both academics and policy makers. Central in the discussion on the impact of corruption are perception-based indices. While informative, these indices are ordinal in nature and hence provide no indication...

This paper reviews the empirical literature on the economic costs of corruption. Corruption affects economic growth, the level of GDP per capita, investment activity, international trade and price stability negatively. Additionally, it biases the composition of government expenditures. The...

Property rights, whose security is often threatened by civil conflict, are a necessary condition for the establishment of a market economy. Yet a fundamental and unresolved empirical question is whether the lack of political and civil freedoms is one of the root causes of greater insecurity....