To achieve the United Nations MDGs (Millennium Development Goals) in less developed Asian countries it is required to increase international cooperation to reach higher educational level of population and investment per head. In this article we analyze the evolution of economic development and...

In this paper we reexamine the Feldstein-Horioka finding of limited international capital mobility by using a broader view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to this change.

This synthesis paper is motivated by a concern about the effects of the current financial crisis on children and their care givers, who are often particularly vulnerable when crises strike. Substantial evidence from developing countries associates negative growth with worse human development...

This paper studies the impact of public provision of education on the distribution of income in a framework where parents are altruistic toward children. Any child receives two transfers, one as a non-human transfer and the other as a human capital transfer. Under different education regimes,...

The populations of the World are aging, in both rich and poor countries. Older people work much less than younger adults, and earn far less than their consumption costs. The difference is made up in part by public or private transfers from working age adults, and in part from asset income. As...

This study explores the relationship between women heads-of-state and their impact on Human Development in their country. Mainly, the intent of this paper is to determine whether women heads-of-state do a better job as compared to their male counterparts in improving health, education and...

Substantial data revisions have shown that the U.S. recession in 2008 to 2009 was far more pronounced than originally estimated, and that the recovery has been slower than previously assumed. Leading indicators signal that growth will stay weak in the second half of 2011. With key interest rates...

While Japan’s economy is showing the first signs of a hesitant recovery, the upturn already gained a foothold in the U.S. economy in the second half of 2011 on the back of robust domestic demand. Conditions in the labor market relaxed perceptibly, while the real estate market is still waiting...