Prior to the early part of the 19th century, China’s economy had long been superior to that of the West’s. The Chinese’s ability to utilize science and technology had been instrumental in leading their enormous population to economic prosperity and for a while, superiority. During the 18th...

Globalization is the process of increased interconnectedness among countries. The prosperous economic development that is typically gained because of the increased interconnectedness among countries usually results in a better standard of living, and an overall improved quality of life. The...

India has witnessed a tremendous economic growth, as measured by GDP, over the past 10 years. Many experts have pointed out that FDI (Foreign Direct Investment) has been one of the major factors taking India to this growth level. Foreign investment in India has increased continuously since...

The article critically studies the perception that individualistic cultures are more successful from the economic development point of view. The relation has been investigated between Hofstede's IDV dimension and two indicators of economic growth – GDP per capita in current prices and GDP per...

With the globalization process, economic, commercial and technologic boundaries have become uncertain and in this way capital transfer has been possible between different countries. Capital transfers which is realized through short term foreign portfolio investment and foreign direct investment...

Although the oil price is determined by demand and supply, it is also affected by lots of variables such as economic, political and technical conditions. On the other hand, fluctuations in oil price have also effect on macroeconomic stability. Oil price has an important role in Turkey, since...

After a long period of catch-up growth that began after the Second World War, France has now reached a technological frontier in many sectors of its economy. Why is it then that the French economy ranks so low in various rankings of the world's most innovative economies? Why is it so difficult...

Adoption of NEP in 1990-91 was designed primarily to replace slowly growing closed Indian economy by rapidly growing open economy. The study determines the degree of openness of Indian economy and the profile of time path traversed towards this goal under NEP. The opening up of the closed...

Four questions arise in the context of economic slowdown and recovery from a slowdown : What is recovery? Recovery from what? How to recover? What is the recovery path? Recovery refers to breaking away from the vicious grip of a crisis, serious economic slowdown or demand recession in...

The paper aims at empirically validating the inter relations between changing factor endowment, structure of trade and Indian economy. Heckscher-Ohlin theory of international trade envisages that a country specialises in the production and export of such goods as conform to its factor endowment....