It is shown that, at the stage of catching-up development, regional economic development agencies (REDA) might become the most important elements of the growth control system. Basic tasks of REDA are considered including their role as 1) organizers of interaction among government, business...

The Korean government intended to promote the cotton industry, and expected that the industry would play a positive role to decelerate the inflation rate and increase exports during 1950-70. However, the ability of Korean public servants to develop the industry was insufficient. Korea had a...

What determines the mechanism chosen to resolve a commercial dispute? To what degree does the aggrieved recover damages? And does the relationship survive in the aftermath? The answers to these questions affect expectations as to the costs of transacting and, thereby, the development of markets....

In response to high and chronic inflation, countries have adopted different stabilization policies. However, the extent to which these stabilization programs were designed for political motives is not clear. Since exchange-rate-based stabilizations (ERBS) create an initial consumption boom...

Отмечается, что не существует константно-прототипической взаимосвязи между инфляцией и экономическим ростом, присущей всем странам, т. к. как попытки её...