This paper analyses two issues that were characteristic of the global growth processes of the 1980s and 1990s (i) an important diffusion process of a new general purpose technology (GPT) and (ii) a speed-up of catching-up of a sub-group of developing economies (South East Asia, later China and...

This paper presents a number of extensions to the theory of profit- and wage-led growth by integrating selected aspects of asset markets and housing markets. Theoretical results from comparative statics are then presented and discussed, notably with reference to recent housing market bubbles....

This paper examines how variable output and profit share jointly determine investment and saving, while the difference between investment and saving determines the changes in output and profit share. Analysis of the resulting pair of differential equations yields novel implications for the...

Content The first part of the publication contains an analysis of the latest FDI trends. The analysis highlights the modest recovery of FDI in 2013. The second part of the publication contains two sets of tables Tables I total flow and stock data, FDI flow by components and FDI income, FDI per...

Content The first part of the publication contains an analysis of the latest FDI trends. The analysis highlights the modest recovery of FDI in 2012. The second part of the publication contains two sets of tables Tables I total flow and stock data, FDI flow by components and FDI income, FDI per...

Content New coverage Kazakhstan Turkey The first part of the publication contains an analysis of the latest FDI trends. The analysis highlights the temporary recovery of FDI in 2011. The second part of the publication contains two sets of tables Tables I total flow and stock data, FDI flow by...

Content The first part of the publication contains an analysis of the latest FDI trends. The analysis highlights the diverging patterns of FDI recovery in 2010. The second part of the publication contains two sets of tables Tables I total flow and stock data, FDI flow by form and FDI income, FDI...

Content The first part of the publication contains an analysis of the latest FDI trends complemented by detailed methodological explanations. The analysis highlights the impacts of the recession on FDI in 2009. The second part of the publication contains two sets of tables Tables I total flow...

Ukraine was confronted with an unprecedented economic and financial crisis during 2008-2009. That crisis has until recently been compounded by a highly unstable political situation. The European Union, Ukraine's neighbours and the international community have been concerned about possible...

Summary This paper looks at the changing role of the EU-27-based multinational companies in the global economy as compared with the main regions of the world. It makes conclusions reflecting on the framework conditions of various global development scenarios defined in the framework an...