This paper traces the rise of export-led growth as a development paradigm and argues that it is exhausted owing to changed conditions in emerging market (EM) and developed economies. The global economy needs a recalibration that facilitates a new paradigm of domestic demand-led growth....

Modern world has shrunk into a global village. The ever-expanding and multifarious links in communication, transportation, trade, services and myriad of other factors have rendered the world a single market. The trend has, no doubt benefited the people all around, but it entails the inevitable...

Modern world has shrunk into a global village. The ever-expanding and multifarious links in communication, transportation, trade, services and myriad of other factors have rendered the world a single market. The trend has, no doubt benefited the people all around, but it entails the inevitable...

Tests for causality and rationality in the coffee futures market were carried out using data from the New York Market. Tests of causality indicated that futures prices strongly influence variations in spot price eight weeks or more to maturity. However, beginning seven weeks to maturity there...

The study presents information and comments on frame documents of the Global Commission of International Migration and the Development Center of OECD, which set the main principle and directions for improving the global approach to the migration. Special attention is drawn to the financing of...

This paper takes a modest step towards formalizing the theoretical interconnections among four post-Industrial-Revolution phenomena – the industrialization and growth take-off of rich ‘northern’ nations, massive global income divergence, and rapid trade expansion. Specifically, we present...

The notion that "everything is connected to everything else" runs through all of modern economics. Economies are connected in the production sphere through the inputs and outputs that circulate through the world; they are connected through the exchange of goods and services; and they are...

This paper examines the EU development cooperation policy and the Lomé convention system. Development cooperation policy aims to achieve a socially and economically sustainable development in the poorest countries. In 1975 the European Community member states and a group of African, Caribbean...

Despite some notable achievements in many parts of the planet the gap between the rich and the poor has become wider rather than tighter. On the political sphere success seems much more unequivocal, though. Indeed, beyond a handful of anachronistic exceptions, the world seems to have surrendered...