We generalize endogenous growth models, which often assume a closed-economy, toallow for international borrowing and lending. We incorporate a prominent feature of globalfinancial markets, that the marginal cost of borrowing facing a small open economy is dependent on the "country risk" as...

The past decade has witnessed a surge in private, volunteer activity across the globe, generating an optimistic belief in the potential of "civil society" in "filling" the niches where both the state and markets have failed. While this has stirred a burgeoning academic interest in the third...

The adoption of new bio-based technologies that reduce our reliance on fossil fuels is presented as a path to reduce greenhouse gas emissions while creating new business opportunities. Such a transition towards a bio-based economy will require substantial investments in technological innovations...

Increases in water demand due to population growth, industrial development and urbanization necessitate economically efficient use of water resources worldwide. This is particularly true in the dryland zones of the world relying on irrigated agriculture for economic development such as in...

Ein rasantes und rücksichtsloses Wirtschaftswachstum bedroht in China die Lebensgrundlagen von mehr als einer Milliarde Menschen. Umweltschutz ist so zu einer wichtigen Aufgabe geworden, der sich die Regierung nicht länger entziehen kann. Oft sind ihre Vorschriften gegen die Interessen in den...