The idea that all types of economic freedom - including limited government - promote prosperity is challenged by the fact that some countries successfully combine a large public sector with high taxes and otherwise high levels of economic freedom. To explain the co-existence of economic freedom...

Recent experience of growth in developing countries is associated with accentuation in income inequalities in nations such as India, China and Bangladesh (Wade, 2004). However, an analysis of the factors that underlie accentuation of inequalities has not received sufficient attention. Therefore,...