In 50 years, Africa has seen little progress in development. Our work analyzes a factor able to explain this singular path: the structure of financial systems. After deepening the concept of financial development and providing a better understanding of the relationship between the real and...

The newly born, one year old State of Southern Sudan faces multiple challenges, economic, administrative, ethnic and most of all, civil conflicts with its previous mother country, Sudan. Building a state is an arduous mission and building a nation comprised of many ethnicities is the most...

The paper is an attempt to analyse the dynamics of the evolution of Indian policy towards her North Eastern Region of the country. It traces how political and strategic considerations have compromised the development trajectory of the region. It also speaks of the risks and uncertainties such...

In spite of the manifold critique about the state of economics in the aftermath of the financial crisis, an even increasing presence of economists and economic experts can be observed in the public sphere during the last years. On the one hand this reflects the still dominant position of...

This paper examines the design of economic policies using factor analysis, which has several advantages; in particular, it limits the problems that typically arise from the high correlation of economic policy indicators, it helps in identifying clusters of economic policy, and it facilitates the...

The sustainability of liberal market reforms under successive regimes is a key issue in several countries. This paper examines the significance of the Indian 1998 Budget (a major signal for the direction of economic policy, and the first one to be presented by the new government) for reform...