Gældskrisens udbrud blev startsignalet til omfattende makroøkonomiske reformer i u-Iandene i 1980erne. De chok, som forårsagede krisen, udgjorde sammen med kraftigt voksende uligevægte i eksterne og interne samfundsøkonomiske balancer en virkningsfuld advarsel. Det blev klart, at de...

Udenlandsk låntagning er en integreret del af udvikJingsprocessen, og der var indtil i al fald begyndelsen af 1980erne udbredt enighed om det nyuige I at overføre udenlandske opsparingsoverskud til u-Iandene. Sådanne overførsler giver for det første mulighed for at øge investeringerne og...

This article analyzes the relationship between growth and income distribution in developing countries. Three important hypotheses are scrutinized: The U-hypothesis, the absolute income hypothesis and the hypothesis of conflict between growth and a more equal income distribution. After a review...

The aim of this paper is to identify, by estimating a panel econometric model, the factors determining FDI inflows to developing countries over a long period. The study is based on a sample of 32 developing countries. In our analysis, FDI inflows are modeled as a function of the market size,...

One of the challenges face a country or firm when deciding to lend a foreign country or firm is how to appraise the creditworthiness of that firm or country? It is experienced and commonly use of credit ratings established by Credit Rating Agencies (Moody’s, Standard and Poor’s and Pitch) as...

In “The right to good ideas: patents and the poor”, The Economist depicts two driving forces in the contemporary discourse on IP and globalization. The one is interested in advancing the knowledge economy, an approach based on the belief that knowledge is the driving factor behind economic...

The main aim of this study is to analyze the connection between financial liberalization and financial crises in historical context. The global economy is experiencing crisis which has been hailed as the most devastating crisis of capitalism since the great depression of 1929. Post World War II...

The paper shows the difficulties that the increasing international mobility of capitals set to the execution of monetary policy in the development countries. In modern capitalist economies, more than ever, money should be viewed as an institution. Therefore, it is first necessary to understand...

During the last three decades, developing countries have made enormous strides in opening up their protected domestic markets to international trade and foreign investment. Yet most countries have not simply opened up their markets. They have also instituted a range of policies to encourage...

This paper presents a model of the banking sector that maximize profit and an individual bank which is a price taker, in a developing country. The interest rate on treasury bills is included in the model to measure monetary policy. The mathematical expression of the probability of banking...