Drawing upon the long-run solutions to a number of models in which there are economies of scale and differing degrees of intra-sectoral competition, conditions are found under which an industry's development will spread to further countries and under which the domestic industry should be...

This paper examines the theoretical and empirical grounds for trade liberalisation. We note that many of the conventional arguments relating to the static and dynamic gains from liberalisation are based on fragile theoretical grounds. We also show that, although new trade theory takes account of...

This paper provides a critical review of the World Bank Policy Research Report, Bureaucrats in Business, commenting on its position relative to the previous reports in the series and on the new privatization synthesis-the theoretical basis underlying the Bank's approach. The detailed critique...

There is a new orthodoxy in the economics of the public sector that has been promoted by privatization and for which ownership, as such, is essentially seen as irrelevant as compared to conditions of competition and regulation. This is shown to depend upon an illegitimate and static view of the...

A critical assessment is made of endogenous growth theory from the perspective of recent developments within economics as a discipline. These include its increasing mathematical formalisation, its focus upon microfoundations, the casual use of econometrics to test models, and the incorporation...