This is a prepublication version of an analysis of the world economy which appeared in ‘The Inequality of Nations’ in Freeman, A, and Boris Kagarlitsky (eds) (2004) The Politics of Empire: Globalisation in crisis. London: Pluto Press. ISBN: 0 74532 183 6. It develops and presents rigorously...

Abstract This paper examines the debate on the meaning of sustainable development and the policy implications of different approaches from an Islamic perspective. It integrates mainstream and Islamic positions on the subject and argues that to whatever definition of sustainable development one...

There are manifold reasons for microfinance association; the most common ones are advocacy, information, capacity building. However, the one unifying rationale of this organisational type appears to be wanting. The following paper makes two cases about the rationale of MF associations: 1. MF...

This Paper explains the causes of the Gender Inequality of education and analyze how the gender inequality in education impacts the economic growth & development, investment and population growth etc. The paper finds that the gender inequality in education is as an endogenous variable and show...

This paper was presented at 15:00 hours local time in Ankara, Turkey on 11th September 2001. On the basis of an economic analysis of the world economy it surmises an entry into an ‘age of war’ – a period of financial and military competition between advanced countries comparable to the...

Pakistan has been experiencing robust economic growth for the past few years. The macroeconomic position as exhibited by the real sector growth, fiscal indicators and external balance has reasonably improved. However the big question remains; will Pakistan be able to sustain these growth levels?...

We propose a unified theory to explain the diverse paths of economic and institutional development of colonized and colonizers following the great discoveries at the end of the XV century. In our theory, the institutional and economic divergence between Spain and England observed during the age...

With a budget of 308 billion euros, the EU structural funds are alongside agriculture (418 billion euros) the largest item of the EU budget. 12 percent of the funds, according to the Court of Accountability of the European Parliament end up in wrong channels, and in the international press...

This is a prepublication version of an analysis of stagnation and divergence in the world economy which appeared in Pettifor, A (2003) Real World Economic Outlook, pp152-159. Basingstoke: Palgrave MacMillan, pp152-164. A fuller version of this same paper was presented to the British...

Using seven alternative measures of the institutions, this study examines the impacts of the quality of institutions on poverty rates in developing countries. The estimates obtained using the instrumental variable method (2SLS) show that the quality of institutions is negatively related with...