The post-war experience of developing countries leads to two depressing conclusions: only a small number of countries have successfully developed; and development theory has not produced development. In this article we examine one critical fact that might provide insights into the development...

This paper aims at providing an ethical framework for rebuilding, reconstructing, restructuring and revitalizing human capabilities as a means to achieve social empowerment. It strives toward conceptualizing a certain set of guidelines built upon a notion of globally common human values. Using...

Sustainable development, a new consensus on international development that aims to protect the environment and resources for future generations, is currently promoted on a global scale, as demonstrated by the United Nation's Sustainable Development Goals (SDGs). Sustainable development is an...

Continuing the empirical debate on the effects of IMF-supported programs on participatingcountries' macroeconomic performance, we focus on the issue of whether these programsaccelerate conditional ß-convergence among low-income countries (LICs). We use anunbalanced panel dataset for 85 LICs...

This paper examines whether foreign aid contributes to attracting foreign direct investment (FDI) in aid receiving countries. Using both homogeneous and heterogeneous panel cointegration techniques, I find that the effect of foreign aid on FDI is negative. This is in contrast to previous studies...

Proponents of trade liberalization routinely defend international trade institutions as engines of economic growth that benefit everyone. How trade proponents justify trade institutions matters because their justificatory rhetoric leads to certain policy conclusions about whether it is...

A pivotal factor to improving the economies of developing countries is to eliminate trade barriers and increase market access. This paper examines efforts at liberalizing trade in developing countries. It explains the various multilateral trade agreements and negotiations and analyses their...

Formal private property rights (“FPPRs”) have been advocated as an important prerequisite to economic development: a legal right to property ownership motivates economic players to engage in economic activities when these activities yield property interests, and this, in turn, contributes to...

This paper attempts to analyse the economic implications of the rise of China, India, Brazil and South Africa, for developing countries situated in the wider context of the world economy. It examines the possible impact of their rapid growth on industrialized countries and developing countries,...

We revisit the idea that colonized countries that were more (less) economically advanced in 1500 became poorer (richer, respectively) by the late 20th century. Using data on place of origin of today's country populations and the urbanization and population density measures used by Acemoglu et...