A basic intellectual challenge for those concerned with the poverty of nations is to come to grips with the nature and causes of the wealth of the world's wealthier nations. One might then be in a position to inform the poorer nations how they might achieve similar outcomes. This paper is...

The contribution of the ‘new economy’ to economic growth in developing countries has so far been minimal. Despite the recent hype, the ‘old economy’ will for long be the fundamental force behind economic growth in transition economies. Nonetheless, in the longer run the ‘new economy’...

Past breakthroughs in communication technology—the invention of the printing press and the telegraph—led to major economic upheavals. What are the implications of the more recent information and communication technologies (ICTs) for the developing world? Optimists believe that modern ICTs...

This paper examines the status of ICT in the Arab world and the potential opportunities and challenges that ICT is expected to create for development in the region. The analysis shows that, despite the recent growth in the demand for ICT, it has a very limited market in the Arab region, as...

The economic liberalization in India was expected to boost the economy, particularly the industrial sector through faster technological development. The Schumpeterian hypothesis, which studies the relationship between market structure variables such as firm size and market concentration and...

Foreign direct investment (FDI) has increased dramatically in recent years. However, the distribution of FDI is highly unequal and very poor countries face major difficulties in attracting foreign investors. This paper investigates the determinants of FDI inflows to developing countries, with a...

This paper, using a cumulative growth model and a catch-up model, verifies the cumulative relationship between IT investment and economic growth, and then examines whether this relationship enlarges the differences in the economic growth among OECD countries. We observe the following results:...