By using data for a sample of 38 countries over four episodes of crisis, the paper shows how trade linkages can transmit crises internationally (a phenomenon popularly known as contagion) via three channels: a competitiveness effect; and income effect; and an import effect. Using the LOGIT...

After briefly discussing the various issues pertaining to Globalization and the global economy, the paper presents the comparative economic performance of the Islamic countries by using appropriate statistics and discusses the challenges, mainly the economic ones. It is stressed that the Islamic...

This paper examines the long- run equilibrium relationships between the major stock indices of Singapore and the United States and selected macroeconomic variables by means of time series data for the period January 1982 to December 2002. The results of various cointegration tests suggest that...

The process of globalization seems to have created two opposing forces, outsourcing and international migration, which are likely to have a balancing impact on the global economy. While the developing countries are losing skilled labor through ‘brain drain' to their developed counterparts,...

Access to education has long been considered an important vehicle for poverty alleviation and tremendous efforts (national as well as international) have been made to broaden such access in LDCs. The ICT revolution in the past decade has greatly facilitated such efforts as education can now be...

The American dollar has been the anchor currency of the international monetary system and no other currencies have so far been able to rival the greenback in its standing. Does the birth of Euro pose a challenge to the hegemony of the dollar as the predominant currency? This paper seeks to...