In many developing countries rural industrialization is increasingly perceived to offer an escape from the predicament of diminishing returns to labour in agriculture on the one hand and low employment elasticity in large-scale manufacturing on the other hand. The present study explores the...

There has been a revival of interest in small industries and their linkages with a nation's institutional arrangements, among both academicians and policy makers. Extending the definition of institutions to include formal and informal rules, this paper attempts to identify these linkages using...

Six years after the Revolution and despite half a century of sacrifices for a better future Romania remains impoverished and much further behind Western Europe in terms of economic development than it was before the Second World War. Against this backdrop the study takes stock of the situation...