This book examines why the differences in comparative economic development across the world have a geographical pattern. It argues that there is a missing component in the geography versus institutions debate, namely the role of culture and its impact either directly on development or indirectly...

This paper investigates the 'long-run' effects of multinational firms on unemployment and welfare of the host country. Our findings indicate that a trade off between unemployment reduction and national welfare exists for the host country which is contrary to the view that foreign investment via...