Adam Smith and his context: the Scottish enlightenment This essay argues that Adam Smith´s thought should be interpreted within the intellectual context of the Scottish enlightenment. It discusses the origins and the specific nature of the enlightenment in Scotland in order to highlight the...

This paper deals with the nature of the economic growth process, given by the interaction of institutional and technological change, the role of firms and institutions. This analytical perspective is present in both the evolutionary and the institutionalist approach. They both agree in two...

Economic growth in selected emerging economies: Brazil, Russia, India, China (BRIC) and South Africa The paper investigates on theoretical and empirical grounds the main determinants of economic growth for Brazil, Russia, India, China (BRIC) and South Africa. The empirical results from the...

Inflation targeting and price-making in monetary economies: is it possible to conciliate growth with price stability? - Recently a number of countries have adopted explicit inflation targets as a guide for policy since a numerical target is attractive for anchoring inflation expectations....

The United Nations Development Programme (UNDP) is an important body of the United Nations for development issues. It is also responsible for the construction and publication of the Human Development Index (HDI). The UNDP is present in more than 166 countries and exerts an influence on the...

The period between 2003-2005 illustrated a high growth in world trade. In this context, Brazil was able to revert its trade deficit, taking advantage of a considerable surplus. Nevertheless, this trade dynamism did not go hand in hand with national economic growth. This article makes an...