More than 170 years ago, Frédéric Bastiat noted in his masterly work Economic Sophisms that the “opposition to free trade rests upon errors, or, if you prefer, upon half-truths.”1 Ever since Adam Smith successfully replaced mercantilist orthodoxy with free trade doctrine in his celebrated...

For several decades, the international community has aspired to integrate the social, economic and environmental dimensions of sustainability. Yet, no country has achieved the patterns of consumption and production that could sustain global prosperity in the coming decades. Thus, with the...

The main purpose of the paper is to contribute to the empirical works relating to exchange rate pass-through. Indeed, we revisit the Taylor (2000) proposition for some developing countries in order to examine the decline in their pass-through coefficients, and to find possible explanations for...

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....

The global financial crisis of 2007/8 is considered to be the worst after the 1930 Great Depression. Most finance scholars argue that the crisis was a sole result of the weaknesses of the interest related traditional or conventional banking system commonly used in almost all countries in the...

Each country faces unique challenges in addressing the COVID-19 pandemic. India's relatively low healthcare resources, limited state capacity, and large population of poor people, many of whom are already burdened with other health issues, pose challenges on every dimension.The present policy of...

This study examines and analyses the phenomena of unskilled temporary male labour migration from Bangladesh to Malaysia by focusing upon the decision making process, its economic and social impact at the point of origin, and the significance of the role of networks at origin and destination....

This paper formalizes the foreign investors' investment decision in the economic reform projects of developing countries with political instability. Although foreign direct investment (FDI) increases capital and advanced technology flows to developing countries, relatively high concentration of...

Purpose of this paper is to explore the puzzles, paradoxes and limitation of civil society as a development agent in developing countries especially in Pakistani and Indian contexts. The concept of civil society is not new. In past many thinkers and Philosophers focused their attention to refine...