The rapid growth of the private pension funds industry has potential quantitative and qualitative effects for the capital markets, especially for the emerging markets. There are several factors that influence the decision to invest on the emerging markets and, in the case the decision to invest...

The globalization improves the prospects for the emerging markets to attain an economic development level comparable with that of industrialized countries. Without ignoring the specific policies concerning the openness degree, globalization might increase capital and technology flows towards...

As it is commonly known, the U.S. economy is the most powerful economy of the world, despite the indicator or the system of indicators that can be taken into account in the analysis. As we said, the twentieth century was a century of America. Future profound changes in terms of the current...

According with A. Smith “by pursuing his own interest individual frequently promotes that of society more effectually than when he really intends to promote it.” But what is the passing way from individual interest to public interest? If there is such a way then there is a strong base for...