The problem of mounting public debt should be attributed to the inability to control inflation instead of restricting public expenditures as many economists would suggest. The use of inappropriate monetary and fiscal tools to control inflation have aggravated the problem. In light of new...

The problem of mounting public debt should be attributed to the inability to control inflation instead of restricting public expenditures as many economists would suggest. The use of inappropriate monetary and fiscal tools to control inflation have aggravated the problem. In light of new...

Globalisation, alliance capitalism and R&D-intensive value adding activities are hallmarks of economic activity in advanced industrial countries. National governments have responded to these changes by pursuing policies promoting "techno-nationalism" which includes fostering R&D investment by...

Transnational Corporations and the Global Economy. Edited by Richard Kozul-Wright and Robert Rowthorn. Basingstoke: Macmillan (for United Nations University and World Institute for Development Economics Research), 1998. Pp.448. £55. ISBN 0 333 68957 7 The New Global Economy and Developing...

We discuss issues pertaining to the political economy of “globalization”, in the context of the seminal contribution by Stephen Hymer. While Hymer’s contribution to the theory of the multinational enterprise (MNE) and foreign direct investment (FDI) is widely recognized, his contribution...

We suggest that there is some interface between the investment development path (IDP) and the trade development path (TDP)-with both trade and foreign direct investment (FDI) of created asset-intensive products increasing their significance relative to gross national product (GNP) of countries....