The present paper draws heavily on the existing empirical literature and compares Asian (mainly the high-performing economies) and African economies to illuminate the patterns of economic development as they developed since the 1960s. The discussion points to strong physical and human capital...

Modern economic theories explain differences in productivity and economic growth across countries by differences in political and economic institutions, and differences in culture, geographical location, policies, and laws. The success of any of these theories in explaining the gap in...

Human Development Index (HDI) is a composite index obtained by a weighted aggregation of other three indices, each measuring one aspect, namely life expectancy, education and real per capita income. Intra-country equality in income distribution, however, is very important with regard to quality...

Recent empirical studies concerning the impact of foreign direct investment (FDI) on economic development have all been taking into account FDI as a whole. However, the theoretical literature on the topic argues that more attention should be devoted to distinguishing FDI by type, and suggests...

In the post-colonial world, the countries of South Asia have evolved politically in different ways, amidst internal and regional conflicts, but retained some commonality of institutions and cultures. Since the 1990s, the promise of market-led development and the growth of a middle class,...

This paper analyses some long-run macroeconomic effects of European financial integration. In particular we focus on the further reduction and abolition of cross-border barriers impeding the entry into the markets of banking and insurance products. We follow a theoretical as well as an empirical...

One of the reasons for promoting sustainable consumption is that it may give rise to greater happiness of a greater number, at least in the long run. In this paper I explore the strength of that moral account. I take stock of the assumed effects of sustainable consumption on happiness and next...

Beekeeping in the Serbian economy is one of the underdeveloped sector. Modern agriculture today can not be imagined without a developed and modern beekeeping as a part of agriculture and the national economy that is subject to economic laws that operate in the market and is inextricably linked...

Global and local Poverty has been subject of study since early times, now a day, it seems like poverty alleviation is one of the most important and complex issues countries and regions are facing, and dealing with. None the less, poverty measurements lack of standardization and...

While referring to the recent study on the 2007-2008 global financial crisis, and cross-border mergers and acquisitions in 26 countries (Reddy, Nangia, & Agrawal, 2014b), this paper aims to further examine the impact of financial crisis on the later form of market in 13 sub-continentals, three...