This paper seeks to answer the question: does the stock market work? Is there any link between stock market development and private corporate capital accumulation? It seeks an answer to these questions on the basis of a time-series analysis of Indian data. Our conclusion is in favour of a...

The world economic order created by the internationot;nal economic institutions such as the IMF and World Bank - the Siamese twins born at Bretton Woods - did not benefit the poor countries and there is no prosnot;pect for them to improve their living standards. Before the Bretton Woods era,...

The present study examines the relationship between openness (trade-GDP ratio) and growth. Our cross-country and panel regression analysis of World Bank data for 51 less-developed countries (LDCs) during shows that for only 11 rich and highly trade-dependent LDCs a higher real growth is...

The terms of trade Britain exhibited a declining trend in the first half of the nineteenth century. But after two decades of transitional confusion, they started to move upwards. The explanation lies in the fact that the reversal of the trend corresponded to a change in the structure of British...

In the present LPG (Liberalisation, Privatisation and Globalisation) regime the stock market has been assigned to play an important role. There is now a call for better corporate governance in order to protect the interests of the share holders. In this perspective the Centre for Business...

The period of the 1970s experienced a tremendous growth of debt of the less developed countries (LDCs). Between 1970 and 1980, the debt of the LDCs grew fivefold to $580 billion. Much of this growth of debt was accounted for by liberal lending of transnational commercial banks (TNBs). The...

This study observed rapidly rising shares of manufactured and electronic goods in Korea's total exports and a trend decline in Korea's terms of trade over the period of this study (1967-2001), in accordance with the Prebisch-Singer hypothesis. Contrary to the expectation of Prebisch, the...

Trade Liberalisation in developing countries over the last 20 years has often been implemented considering it as a pre-requisite to growth. This paper uses ARDL approach to cointegration and examines the relationships between growth and trade liberalisation in the context of India and Korea....

During the last 40 years since the Prebisch-Singer terms of trade deterioration hypothesis was first proposed, the commodity composition of exports of developing countries has undergone a major change in the direction of dominance of manufactures in their nonfuel exports, with strong growth in...