The globalization is breaking-down the idea of national state, which was the base for the development of economic theory which is dominant today. Global economic crisis puts emphasis on limited possibilities of national governments in solving economic problems and general problems of society....

In this article, after having shown the connections between the present Encyclical and Populorum Progressio, we attempt to point out how the new elements are linked to the phenomenon of globalisation. We shall analyse particularly the problems resulting from the technical forces in play, the...

The purpose of this article is to establish a micro- and macro-framework to interpret the problems correctly and offer some solutions for long-term growth. The latter should be seen in the context of a transformation process brought on, on the one hand, by the crisis in large-scale enterprise,...

In the middle of the twentieth century S.M. Lipset sustained that various indicators of economic development were higher in democratic countries than in authoritarian ones, suggesting that development was as a condition to democracy. More recently, though, several authors have shown that there...

This paper reviews the literature on the finance-growth nexus within a neoclassical growth framework, placing an emphasis on the policy implications in the current European environment, that has placed financial reforms high on the policy Agenda. While more research is needed to establish...

Rural industries have a major aspect in Indian economy due to scarcity of capital; increasing unemployment; regional imbalances and disparities; inequalities in the distribution of income and wealth; and un-utilization and/or under-utilization of rural resources. This study analyses the...

This paper aims to show how the neo-classical current, which has yet absorbed development as one of its components, is trapped in a deep crisis, and how its domination can be understood in the theoretical field tightly linked to that of neo-liberalism on the policies of development.

This article is to be published in the May 2006 issue of the Monthly Review. Nowadays, neoclassical economics' domination of development theory is on par with that of high finance's neoliberal power over development policies. There are important complementarities between these two forms of...

This is a review article by Andrew Sharpe from the Centre for the Study of Living Standards of Angus Maddison's path-breaking new book, The World Economy: A Millennial Perspective. The article summarizes Maddison's key findings in a number of areas, with particular emphasis on his estimates of...

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...