Grenada has faced various socioeconomic challenges within the last decade, including the destruction wrought by Hurricane Ivan in 2004 and the global financial crisis. As a result, economic indicators for Grenada illustrate unfavorable. Increases in the poverty and unemployment rates, especially...

Like many European countries, Bulgaria's workforce is facing dynamic developments influenced by negative demographic trends, seasonal and long-term migration of the population both in the country and abroad, imbalanced economic development of the Bulgarian regions, learning opportunities in the...

The Republic of Korea vaulted in less than three generations from being one of the poorest countries in the world to becoming a member of the Organization for Economic Co-operation and Development (OECD). This economic transformation has attracted considerable admiration and inquiry. One of the...

For the last 50 years, the Turkish Cypriot community (TCc) has remained outside the effective control of the government of the Republic of Cyprus (RoC). The community displays typical characteristics and challenges of a small island economy, and after years of rapid growth and income...

Despite the discovery fifty years ago, of drugs that can cure tuberculosis (TB), the disease still remains a top killer worldwide. The note stipulates that one third of the world's population is infected by Mycrobacterium Tuberculosis, and while ninety percent of infected individuals never...

Development involves change, but many development initiatives produce unimpressive results. The authors ask why and consider how to close the gap between the intended change and what we actually see in the evidence. This paper presents the findings of a study, initiated by the multi-donor Global...

"This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, finance and the structure of lending to firms, and...

"The authors study the effect of reorganization costs on the efficiency of bankruptcy laws. They develop a simple model that predicts that in a regime with high costs, the law fails to achieve the efficient outcome of liquidating unviable businesses and reorganizing viable ones. The authors test...

"Since the early 1980s, China has begun gradually integrating with the global system. In doing so the country has moved toward its own unique brand of market socialism, which recognizes private ownership, and is adopting market institutions and pursuing industrial change within the framework of...