Interactions between economic development and financial development are studied by looking at the roles of financial institutions in selecting R&D projects (including for both imitation and innovation). Financial development is regarded as the evolution of the financing regimes. The...

Neither economics nor political science can explain the process of modern social development. The fact that developed societies always have developed economies and developed polities suggests that the connection between economics and politics must be a fundamental part of the development...

This paper reviews India's growth performance since independence. One of the innovations in this paper is to take explicit account of rainfall variations that play a very important role in the Indian economy. This allows us to determine whether the Indian economy has become less dependent on the...

Interactions between economic development and financial development are studied by looking at the roles of financial institutions in selecting R&D projects (including for both imitation and innovation). Financial development is regarded as the evolution of the financing regimes. The...

The paper introduces the concept of social divergence defined as the social barriers to communication and exchange between individuals and groups of individuals within a society. Social divergence is determined by the characteristics of a society including the distribution of income,...

As it has been suggested EU trade policy contribution to economic growth of MSs should be considered at best moderate if not negligible – on one hand due to still extensively applied extra-tariff measures such as anti-dumping proceedings and safety and health procedures, on the other hand...

This working paper offers tools for rethinking the role of ?good governance? in development strategies. What is ?good governance?? Transparency of public action, control of corruption, free operation of markets, democracy and the rule of law. Along with macroeconomic stabilisation, ?good...

Utopian socialists believed that socialism is inevitable because it is a more rational system to organize production and life, a system more in line with the “good” nature of human beings. Marxism rejected this reasoning replacing it with what is known as historical materialism: social...

In this paper we start with an evaluation of the various advantages and disadvantages of decentralisation (in the sense of devolution of power to local agencies and communities), and also of the conditions that predispose towards success or failure in beneficial decentralised development. In...

The National Budget has a key role as an instrument of funds allocation for different social priorities and resources redistribution with localized impact in the provinces. The main objective of Social Public Expenditure (GPS) is to promote the access of most vulnerable social groups to quality...