The purpose of this paper is to identify the theoretical basis of microcredit. Specific literature on the matter recognises the Ohio School, but a new approach, the Grameen Bank School, is also emerging. The ideas of these two schools of thought are reflected in two approaches that associate the...

Spanish Abstract: El aumento constante de las inversiones extranjeras durante las últimas décadas ha venido acompañado de un cambio en sus parámetros. El origen de las inversiones varía, como lo hace su naturaleza y destino. La posibilidad de que sectores clave de la economía del Estado...

In the last two decades, the Costa Rican rural areas have been under considerable transformations. The changes occurred in the international context and the reorientation of the economic policies executed in the country, provoked the loom up of a more diverse productive structure and the...

From January, 2002, the Sports Limited Companies (SAD) can quote in Stock Exchange in Spain. For several years, other European leagues take us the front part and the most excellent teams exchange their actions in the Stock exchanges. Nevertheless soccer has already had relation with the...

Corporate governance could be defined as the institutions or mechanisms, which induce incentives in listed firms, in order to recognize benefits between all the stakeholders, and to restrict the discretion over that distribution, in presence of asymmetric information and incomplete contracts....

Corporate governance could be defined as the institutions or mechanisms, which induce incentives in listed firms, in order to recognize benefits between all the stakeholders, and to restrict the discretion over that distribution, in presence of asymmetric information and incomplete contracts....

This essay suggest a theoretical framework for studying the accumulation process in an historical perspective. This framework comprises the expansion routes effectively or potentially open to big firm growth, available channels for funding investment expenditures and the barriers to corporate...

In this brief meditation, financial crisis is described as coming from a deeper crisis on economic theory and its teaching in colleges and universities. Larger studies of the economy towards applied fields of social sciences, is the challenge of the present.

This paper discusses why Nicaragua is today one of the poorest countries in the region of Latin America and the Caribbean. Lack of sustained economic growth is viewed as the main cause of poverty in the country. The effects of political conflicts on the breaks of the long term growth path are...

This paper analyzes the feasibility, implications and challenges of expanding the current Latin American Reserve Fund (FLAR) to include five other countries: Argentina, Brasil, Chile, México and Paraguay. The paper argues that regional reserve funds should not be conceived as a unique line of...