In furthering the discussion on the linkage between economic development and culture, this paper attempts to answer the question: “Can a society's culture be transformed to stimulate economic development?” This paper uses Singapore as a case study. It traces the country's restructuring of...

This article explores the tourism migration within the South African context, thereby focusing on the current dynamics, challenges and future prospects. Tourism and migration are significant towards globalisation. Almost all countries have jumped on the tourism bandwagon as a result of the...

Tourism has become a source of activities that generate income, employment, and economic growth for the countries belonging to the Asia Pacific Economic Cooperation Mechanism (APEC). This article analyzes tourism as a regional economic activity that interacts with the environment, causing...

The amount of data generated worldwide has reached unprecedented levels, and its rate of growth continues to increase exponentially. Brought about by rapid advances in information technologies, as well as changes in lifestyles and business strategies, this explosion in the quantity of data has...

This article describes how foreign direct investment in Mongolia has reached 3.9 billion US$ mainly in the mining sector that amounted approximately 40% of the year's GDP. Even though FDI into Mongolia has been grown along with the country's economic development with trade openness to the world,...

Abstract Innovation is fundamental to sustainable economic development because input resources are finite. When an economy faces constraints such as land and labour, innovation fuels continued growth through new technologies that utilises the limited resources more productively. Competition...

Abstract Italy makes for an interesting case-study of the impact of socio-cultural variables on economic performance: under a common institutional framework differences in socio-cultural attitudes across Italian provinces correspond to large differences in their economic success. We analyze the...

While markets are all around us, not all markets are the same. Markets come in a variety of colors based on the legality of activities in the specific market. As such, there is no market economy per se, but instead various shades of markets. The different shades of markets that are evidenced in...

Abstract Political stability is an important precondition for economic development. While political stability cannot be created by laws alone, an effective legal framework for political governance, such as a constitution, can facilitate political stability. Political stability is not synonymous...

Abstract A constitution is not purely a legal document. Neither is it only a political manifesto. It is also an economic charter which expresses a country’s economic hopes and aspirations, and regulates economic activities of constitutional stakeholders. This paper adumbrates a framework to...