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A positive economic growth is one crucial macroeconomic objective of every nation. Many countries have formed regional as well as international trading blocs in an attempt to enhance economic growth and maximise welfare of each member state, the AFTZ member states are not an exception. This...
Persistent link: https://www.econbiz.de/10012910879
During the past two decades, the “Washington Consensus” has been the dominant recipe for unleashing economic growth in developing countries. In view of the strong criticism mounted against it, it seems to have lost prominence recently. The success of the East Asian newly industrialized...
Persistent link: https://www.econbiz.de/10011260809
This paper analyzes economic policies in resource rich countries and various mechanisms of resource curse leading to a potentially inefficient use of resources. Arguments are provided in favor of "conditional resource curse" hypothesis: resource abundance hampers growth if institutions of a...
Persistent link: https://www.econbiz.de/10008596373
The development of Abu Dhabi and Dubai during past years seems breathtaking. Both emirates pursue a strategy of diversifying their economic structure and thus of becoming less dependent on oil and gas. The obvious goal is to secure their prosperity for an era beyond oil. Diversification is a...
Persistent link: https://www.econbiz.de/10011109131
In February 1931, Getúlio Vargas delivered a well known speech in Belo Horizonte and made then one of his most important public interventions in the Brazilian steel-making debate. This speech made fortune in the historiography, above all for its incisive statement in favor of a national...
Persistent link: https://www.econbiz.de/10011114237
growth potentials. Based on this evidence, it appears that India’s manufacturing sector development may have been constrained …
Persistent link: https://www.econbiz.de/10005786966
The central issue that this paper analysis is the role the manufacturing sector can play in reviving and sustaining … Southeast Asian economies.It identifies needed policy measures to revive growth in manufacturing as well as generating decent …
Persistent link: https://www.econbiz.de/10011114022
We construct a two-sector endogenous growth model to examine the role of government in industrialization. Three main … as a production factor and (c) technological progress occurs only in the manufacturing sector through learning … dynamics of the model. The model reveals that (a) increments in both agricultural productivity and manufacturing productivity …
Persistent link: https://www.econbiz.de/10008727900
The issue of foreign aid dependency in African countries remains controversial among policy makers. So far, there is no consensus on aid effectiveness and the resulting policy prescriptions have been conflicting. The Euro zone which provides the bulk of foreign aid to developing countries, is...
Persistent link: https://www.econbiz.de/10011259182
The relationship between globalization and economic growth in the developing countries remains controversial. Liberals argue that globalization will lead to higher economic growth and prosperity. Skeptics contend the opposite, where globalization processes might lead to increased inequality and...
Persistent link: https://www.econbiz.de/10005078645