Das Phänomen der sogenannten New Economy wird seit längerem unter verschiedenartigen Aspekten diskutiert. Dabei ist der Begriff nicht eindeutig definiert und wird zuweilen mit den Bezeichnungen Internet Economy, Network Economy, Digital Economy, E-Commerce oder auch Information Economy...

The paper aims to examine the role of institutions relative to economic policy and geography in explaining the differential level of development across countries over time. To that end, it attempts to construct a Development Quality Index (DQI) and an Institutional Quality Index (IQI) by using...

In this overview we try to explain, first, why funds continued to flow towards emerging economies while fundamentals in host countries had been deteriorating before the Asian crisis (rising external deficit, with a significant liquid component appreciating exchange rates; low capital formation,...