While several studies in regional economics and development economics have repeatedly suggested that selected regions are capable of exerting powerful growth impulses on national growth and development, there are studies in the literature which have raised doubts about the existence of...

Purpose – The main purpose of this paper is to provide an overview of the main institutional and governance issues facing the Pacific Island countries (PIC) and to point out how they affect their economic performance. The paper also provides a description of the key characteristics of the PIC...

This paper examines the role of institutions in the development process of African countries. It has been shown that, whereas institutions have played a greater role in the economic development of several East Asian countries, in Africa they are weaker and ineffective because of poor enforcement...

Purpose – This paper aims to point out a way to overcome the circumstances that arose out of the global neoliberal system. It is argued that this is possible when all relevant actors in society cooperate and that a change in a way of thinking in the private sector needs to come from within....

Identifies certain commonalities in the bases of the moral philosophies of Rand (individualist/capitalist/egoist) and Marx (collectivist/socialist/altruist), such as a man’s natural rights and materialism. Examines their philosophies from an ethical viewpoint, looking at the origins and...

As Bill Gates’ estimated wealth has reached the unimaginable mark of $100 billion, and other billionaires are being created daily, the problem of inequality is becoming more and more visible. But, lulled into the commonly stated maxim that “a rising tide lifts all boats”, we may assume...

The Berle and Means thesis focuses on a managerial revolution in which corporate control came to be transferred from owners to managers. Currently, it is arguable that control of corporate policy has shifted back to owners in what has come to be called “investor capitalism.” Stock market...

While several studies in regional economics and development economics have repeatedly suggested that selected regions are capable of exerting powerful growth impulses on national growth and development, there are studies in the literature which have raised doubts about the existence of...

This paper examines the role of institutions in the development process of African countries. It has been shown that, whereas institutions have played a greater role in the economic development of several East Asian countries, in Africa they are weaker and ineffective because of poor enforcement...