In 2006, world economic growth improved slightly to 3.8 per cent from 3.5 per cent in 2005. Globally, growth rates were highest in South-east Europe, Commonwealth of Independent States, and countries in East and South Asia. Similarly, African economies continued to sustain the growth momentum of...

The research was motivated by the need for Zimbabwe’s financial assistance to kick-start the recovery of its economy from the meltdown it has been for more than a decade. Since the formation of the government of national unity (GNU) on February 13, 2009, government of Zimbabwe’s (GoZ)...

‘Eurasia’ seems to be a relatively clear concept in terms of physical geography, but much less so for social sciences. While the word ‘Eurasia’ is constantly used in various contexts (more today than twenty years ago), the specific notion of what it actually means is unclear. According...

We extend the Okada & Samreth (2012, EL) and Asongu (2012, EB) debate on ‘the effect of foreign aid on corruption’ by: not partially negating the former’s methodological underpinning (as in the latter’s approach) with a unifying empirical framework and; broadening the horizon of inquiry...

The economic (debt) crisis has become serious in the EU and in the Eurozone especially in the last few months. The European Financial Stability Facility (EFSF) was created as an instrument to handle this situation. But the financial contributions of the EU Member States seem not to be enough and...

This paper puts figures to the facts of Eubank (2012), a recently celebrated paper in the Journal of Development Studies. We investigate the underpinning Somaliland-based hypothesis that foreign aid dilutes the positive role of taxation on political governance. The assessment is based on 53...

This note reconciles an on-going debate on the effect of foreign aid on corruption by introducing a previously missing heterogeneity dimension of aid. The relationship was estimated using dynamic system GMM and quantile regressions (QR). Results show that both narratives in the debate are...

The U.S. financial crisis that began in the autumn of 2008 has continued to impact the world economy. China, who has also been in an economic recession, has counteracted the situation and comparative market stability appears to be generated there. This essay addresses the essential questions on...

Ever since the path-breaking empirical studies by Schott (1998) world systems scholars start from the well-established assumption that world science is a single gigantic center-periphery relationship. The strategic and tactical practical conclusions for individual scholars and their agenda in...

Is globalisation a conductive or destructive force for public policy development in the countries of transition? The problem is investigated through an example of oil-rich Azerbaijan. This paper first presents the current situation in the country, defines links between globalisation and public...