This article aims to analyze some obvious sources of financing the innovative development. Mobilizing capital for financial support innovative development model is traditionally performed by the state and private investors. Institutions participating in financing the innovation are investment...

This article suggests that Pakistan requires a different development paradigm. The analysis begins by giving a quick overview of some of the larger economies of the region and assesses the divisions that have developed between the people as a result of national strategies. The paper goes on to...

The ruling political party or the ruling government has rights in drafting and implementing economic policies including the budget policy. In the case of Malaysia, as observed, the budget policy is associated with the long or medium term economic development plans that are drafted, current...

Standards, benchmarks, define modern life, but do they diminish the importance of diversity for progress? Arguably not, for diversity, or variety, is the essence of economic life in the sense of underlying choice; economic calculation gives numerical substance to how people make choices in their...

Durante las décadas de los 50 y 60 emergió la llamada Teoría del Desarrollo. Posteriores dificultades en la presentación de los modelos subyacentes en las teorías y el fracaso de las políticas implementadas a partir de ellas llevaron a que esta teoría prácticamente desapareciera como...

Síntesis El gobierno de Humala se instaló en el año 2011 con el objetivo de combatir la exclusión social. ¿Hasta qué punto ello se ha logrado? Según las cifras oficiales del INEI, 450,842 personas han dejado de ser pobres entre el 2011 y 2012, pero en términos monetarios. Esto quiere...

The literature on aid effectiveness has focused more on recipient policies than the determinants of aid allocation yet a consistent result is that political allies obtain more aid from donors than non-allies. This paper shows that aid allocated to political allies is ineffective for growth,...

Abstract: Risks faced in African agriculture and industry reduces the dynamic rate of return in these industries. Supply and demand constraints like scarcity of human capital and low effective demand further reduce the scope of industrialization. Institutions have to be developed to share the...

The integration in the euro area implies a unique monetary policy for the countries from this area. The implementation of a restrictive monetary policy by ECB in order to counter-balance the inflationist pressures could compromise the real convergence process of the euro area new members, while...

For the last seventeen years in Jamaica, the theory of the natural rate of unemployment has dominated Jamaican Government macroeconomic policy making. Attention has predominantly focused on its implications for the inflation - unemployment trade-off as a result of the complete embracing of the...