Recent cross-national studies that analyze the impact of multinational corporations in the world economy on economic growth and inequality in peripheral and core countries have been interpreted as empirical tests of "dependencia" theories. Such a limited interpretation does not fully acknowledge...

Standard indicators of human capital endowment--like literacy, school enrollment ratios or years of schooling--suffer from a number of defects. They are crude. Mostly, they refer to input rather than output measures of human capital formation. Occasionally, they produce implausible effects. They...