The basic-needs strategy is a response to the shortcomings of one-sidedly growth-oriented development concepts. Instead … of focusing on growth or employment, as hitherto, the new development strategy now focuses on elimination of mass poverty … in the Third World countries. The basic-needs concept of the International Labour Office, presented in this article …

happiness. The evidence reveals that the negative effect of an economic recession on happiness can be at least twice the … positive effect of economic growth. In short, a single year of recession can undo the happiness gains from years of economic … nil relationship between macroeconomic performance and happiness. The evidence indicates that stable rather than rapid …

institutions are also subjected to increasing pressure to justify the investments of their sponsors in terms of the “product” which …

optimal state. Membership of the EU is beneficial for countries with weak enforcement institutions, but it may worsen the … welfare of countries with strong regulatory institutions. Infringement statistics indicate that no member state of the EU has …