The countries around the Pacific basin, which had for centuries been economically isolated is emerging as a dynamic growth area. This paper reviews the case for rapid spread of modern information technologies in the developing countries of the Pacific basin. The reluctance of some domestic...

This paper reports the stylised facts resulting from the tests of rival macroeconomic models in explaining the Australian business cycle during the sample period 1966(3)-1995(3). The dominant rival paradigms such as the New Classical, Keynesian the Real Business Cycle theories have been tested...