Financial inclusion is a key element of social inclusion, particularly useful in combat-ing poverty and income inequality by opening blocked advancement opportunities for disadvantaged segments of the population. This study intends to investigate the impact of financial inclusion on reducing...

The primary objective of this research is to identify key factors that explain the observed wide variation in patterns of inclusiveness of economic growth - defined here as gross domestic product (GDP) growth that leads to significant poverty reduction - in Asia. In exploring this relationship,...

In this paper, I measure the importance of remittances and financial development for developing countries. I estimate an index of overall financial conditions and use it to determine the relevance of the financial sector as a transmission channel for remittances to affect economic growth. The...

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...

This paper uses a composite measure to examine why some countries attract more foreign direct investment (FDI) than others. The measure considers all identified, measurable, and comparable socioeconomic aspects that affect FDI decisions on an aggregated country level. As a result, we can rank...

Civil war is often caused by poverty, and further demolishes existing capital. Such a vicious circle is detrimental for economic development of countries experiencing civil war. Civil war may also contribute to creative destructions of traditional economic, social and political system, leading...

In the 1980s and 1990s, rapid market oriented reforms, liberalization and privatization (“shock therapy”) in developing and transformational countries caused economic and social problems that began to undermine the legitimacy of political democratization and market reforms itself. Scholars...

Key issues in the empirical study on growth are addressed using provincial data in the Philippines. We find a high rate of absolute convergence, a positive relationship between inequality and growth, and a positive relationship between political competitiveness and growth

Key issues in the empirical study on growth are addressed using provincial data in the Philippines. We find a high rate of absolute convergence, a positive relationship between inequality and growth, and a positive relationship between political competitiveness and growth

Focusing on three areas of the world (Asia, Latin America and New EU Members), which have recently experienced a democratic as well as economic transition, we explore the relation between political variables and tax revenue, public spending and their structure. We build a new dataset for the...