The impressive economic growth record of Thailand before 1997 was dominated by the increasing importance of modern industrialization, as well as the expansion of other sectors. This occured at the expense of agriculture, which accounts for the largest employment pool.

Since the beginning of the 1990s, there has been a lot of enthusiasm over the anticipated Latin American 'miracle'. In this study, Professor Hernando Gomez Buendia explores the background, facts and achievements of the development experience in the region during the 1990s. He discusses in depth...

The partial effect of nominal exchange rate volatility on exports from each EMU member to the rest of the EMU is estimated on annual data for 1967-97, using modern time-series methods.

The informal sector makes up an overwhelming share of both gross domestic product and total employment in Africa. In this paper, we lay out some of the basic characteristics of the informal sector in sub-Saharan Africa, relevant institutions, and developm

The East Asian countries are currently experiencing declining fertility rates and aging of their populations. The demographic transition is beginning to affect various societal functions, and increasing international migrants are becoming one of the responses to the transition, despite the...

Purposeful, well-targeted and successful transformation policies will be elusive for a country or region that does not understand the relative importance of its sectoral sources of growth. This study aims at eliciting our understanding in this respect by providing an assessment of the relative...

The aim of this paper is to analyse the effect of institutional reforms on the revival of African economies. We study the impact of positive changes in business environment indicators of the Doing Business project and the Economic Freedom Index of the Heritage Foundation on the private sector...

Does democracy promote economic growth? There is still an ongoing debate over the economic implications of democracy, and this question has gained critical importance particularly in the African context, where a wave of democratization in the early 1990s