Despite starting as one of the poorest countries in the mid-1980s, Vietnam has achieved rapid developmental progress, reaching lower middle-income status in 2010. In line with rapid economic growth, Vietnam has achieved impressive progress towards the Sustainable Development Goals (SDGs) during...

In the late 1990s, as economists looked back the development period in Africa since 1970s, they put forward the notion “African growth tragedy” , meaning that Africa's poor growth and resulting low income is associated with low schooling, political instability, underdeveloped financial...

This study aims to provide a comparative analysis of socioeconomic development in Slovakia and Hungary. For this purpose, we use the State of the Future Index (SOFI) to measure and forecast the socioeconomic well-being of both the countries from 1995 to 2015. The SOFI methodology has many...

During the period 1950-2002 Africa has experienced a lower degree of economic development than Asia, due to several circumstances, and particularly to the low educational level of population in many African countries. In this article we present the estimation of some econometric models of...

Nowadays, information and communication technologies (ICT) are a significant part of the modern economy, especially in countries in the process of political and economic transition. However, socioeconomic development is not possible without digital innovation. Novel ICT-solutions support...

In very poor countries, inequality often means that a small part of the population maintains living standards far above the rest. This is also true for educational inequality in Mozambique: only a small segment of the population has access to higher levels of education (there are 30 times as...

The purpose of the chapter is to analyze Africa's economic successes in the past half century, to understand not only what made it possible but also and more importantly what risk factors may eventually bring it to an end or compromise it. While it may not be possible for Africa to alter, for...

Protecting the entitlements of some inherently requires preventing others from claiming and controlling those same resources. Yet much recent research regarding property rights and economic development treats the level of property rights security in a country as homogeneous. This one-dimensional...

Using a new set of indicators that measure the Property Insecurity of ethnopolitical minority groups, I find that Property Insecurity is not correlated with the Risk of Expropriation facing foreign investors and domestic elites – revealing that the aggregate measures of 'institutional quality'...

Some recent empirical studies deny any direct performance effects of measures of geography and conclude that institutions trump all other potential determinants of development. For given effects of institutional quality, our empirical results indicate quantitatively important direct negative...