During the second half of the 20th century Asia as a whole experienced a much higher increase in production per inhabitant than Africa, due to several factors which caused improvements in industrial development and moderation in the rates of population growth. We present a comparison, at area...

The rise and fall of the Soviet Union and the communist empire was one of the distinguishing events of the twentieth century. The 21 countries that made up the Warsaw Pact simultaneously made a transition from Communism to more market-based economic systems. These countries all shared a common...

Abstract Both Mexico and China have started export orientation in some industries, through assembly operations, based on imported inputs a couple of decades ago. The literature on industrialization, has discussed the questions of import substitutions and outward-orientation mainly as alternative...

As our trading world becomes more globalized, who benefits and who gets hurt? This paper relies on the Ricardian model to explore the effects of technological improvements in underdeveloped countries on the welfare of developed countries. For example, trading between the United States and China,...

This paper examines the controversy involving international trade by employing a simple model. It analyzes the effects of unilateral technological improvements in one entity on the welfare of that entity and its trading partners. Improvements in one country are irreversible and lead to...

This paper shows, using a simple model, that wasteful innovations may result in a loss-loss situation where no country experiences an increase in welfare. If some countries introduce innovations that result in harmful effects on other countries, it may cause the adversely affected countries to...

This paper provides new evidence on the long-run relationship between trade and budget deficits in ten African countries over the quarterly period 1973:2 - 2005:4. Cointegration analyses are based on four approaches: Harris-Inder (1994), Shin (1994), Geweke and Porter-Hudak (1983) and Sowell...

Researchers have linked sub-Saharan Africa's (SSA) poor growth performance in recent decades to several factors, including geography, institutions, and low returns to investment. This literature has not yet integrated the research that identifies linkages between gender, economic development,...

This paper puts sub-Saharan Africa's economic development into perspective. While much did not go as hoped for at independence, much of the region has been on a more promising development trajectory since the mid-1990s, as we illustrate using growth, poverty, and human development indicators. We...

China’s recent moves to establish special economic zones (SEZs) in several African countries can make a significant contribution to industrialization in Africa. But the success of these projects is by no means guaranteed. Meeting the objectives of both China and African countries will require...