Showing 1 - 10 of 10
Anyone who undertakes to produce a volume of surveys in economic development must confront the question: Does the world really need another one? The field changes over time and, one hopes, knowledge accumulates. So, one motive is the desire to cover the more recent advances. And indeed, economic...
Persistent link: https://www.econbiz.de/10014025725
traced back to good institutions, including property rights (particularly non-expropriation of sugar plantations), abjuration … cabinet). But from where did the good institutions come? They were chosen around the time of independence (1968). Why in … dysfunctional politics. Here, however, it brings cosmopolitan benefits. The institutions manage to balance the ethnic groups; none …
Persistent link: https://www.econbiz.de/10014191292
This paper investigates whether leading indicators can help explain the cross-country incidence of the 2008-09 financial crisis. Rather than looking for indicators with specific relevance to the current crisis, the selection of variables is driven by an extensive review of more than eighty...
Persistent link: https://www.econbiz.de/10014175004
world commodity prices, volatility, crowding out of manufacturing, civil war, poor institutions, and the Dutch Disease. The … paper concludes with a consideration of promising ideas for institutions that could help a country that is rich in, say, oil …
Persistent link: https://www.econbiz.de/10014197264
The bulk of global inequality is accounted for by income differences across countries rather than within countries. Expanding trade with China has aggravated inequality in some advanced economies, while ameliorating global inequality. But the “China shock” is receding and other low-income...
Persistent link: https://www.econbiz.de/10012963990
The global financial crisis serves as a reminder of the risks of financial globalization. After grappling with surges of capital inflows earlier in this decade, many emerging market and developing economies experienced a sharp reversal of those inflows in late 2008 as a result of the crisis....
Persistent link: https://www.econbiz.de/10014025722
We review the large literature on various economic policies that could help developing economies effectively manage the process of financial globalization. Our central findings indicate that policies promoting financial sector development, institutional quality, and trade openness appear to help...
Persistent link: https://www.econbiz.de/10014025737
Persistent link: https://www.econbiz.de/10013120590
This note attempts a concise yet comprehensive overview of the crisis still facing the eurozone, in the areas of competitiveness, fiscal policy, and banking. The euro's founding documents enshrined such principles as fiscal constraints, the “no bailout clause,” and assignment to the ECB of...
Persistent link: https://www.econbiz.de/10013076037
environmentalists that the WTO is an obstacle to their goals in general. The issue transcends institutions. For the critics, the WTO is … policy and whether they are likely to come into conflict with the WTO …
Persistent link: https://www.econbiz.de/10014210047