The sub-prime crisis began in mid-2007 as a bursting of the US housing market bubble and became a truly global meltdown in 2008. Renewed instability in financial markets precipitated awareness of how policy makers must react to systemic failures. This paper discusses the primary policy issues...

Services sector in India contributes more than 60% of the overall gross domestic product (GDP) and more than 40% of total trade. This sector also absorbs a chunk of manpower, especially in export-oriented industries and reduces the employment burden on other non-services sectors. In this...

The objective of the present study is to examine the role of local financial markets in describing the relationship between foreign direct investment (FDI) and economic growth in Pakistan. For this purpose, the study uses annual data for the period 1973-2011. Empirical analysis is based on...

The primary products and commodities provide food and livelihood for families and communities, are sources of raw material, and export earnings for many governments in sub-Saharan African (SSA) countries and most especially, Nigeria. However, over the years, global prices of primary products and...