Rich-poor interactions complicate the search for a stable Environmental Kuznets Curve (an "inverted U" relationship between income per-capita and environmental degradation). We show that aid from richer to poorer countries to support investments in environment, in either of two forms, alters the...

Over the past 20 years, the number of researchers and scientists in the countries of Southeast Europe (SEE) has seriously decreased. Many highly educated Southeast Europeans leave their countries in search of a better life. They are attracted to career opportunities, higher salaries, and better...

Currently Africa is experiencing a massive presence of Chinese firms driven by Chinese demand for resources. However, in today¡¯s world is impossible to discuss FDI without China. This paper states that China¡¯s connection with FDI is due to its demand for natural resources, mainly oil,...

The Bank's Competitiveness Strategy (GN-2243-1) establishes a framework to assist member countries to make improvements in their economic and institutional environments in order to promote the sustainable development of productive economic activities and increase productivity. Bank Group...

Investment Priorities for Economic Growth and Poverty Reduction in Asia Shenggen Fan, Joanna Brzeska, and Ghada Shields

In this study, the effects of trade openness and foreign direct investment on economic growth through the transfer of technology have been examined. To investigate this issue, we use a sample of 19 oil-rich countries over the time period 1991-2006.We estimate two models to investigate this...

Due to the fact that competitiveness is the key indicator of sustainable economic growth, we analysed competitiveness of eight South East European (SEE-8) countries and compare them with eight Central European and Baltic (CEE-8) countries. We used one-way ANOVA and Friedman tests with p-values...

Financial development has a major role in the sustainable economic growth of Central and Eastern European emerging countries, particularly after their political and structural changes. These changes required a reform of financial sectors of these countries, such as capital market development,...