Using a panel of 11 upper-middle income emerging economies, the paper investigates financial development threshold levels that influence FDI inflows. Our findings show that higher banking sector and stock market development above the threshold levels have a positive and significant impact on FDI...

Purpose - The issue of which financial initial conditions are necessary to materialize the benefits of financial globalization remains open to debate in the literature. In this paper, we try to put some empirical structure on the concept of financial threshold conditions in order to give...

More than 170 years ago, Frédéric Bastiat noted in his masterly work Economic Sophisms that the “opposition to free trade rests upon errors, or, if you prefer, upon half-truths.”1 Ever since Adam Smith successfully replaced mercantilist orthodoxy with free trade doctrine in his celebrated...

This paper argues that accountability, responsibility and governance go hand in hand. Evolving standards is a part of governance. Unless such a global perspective is adopted "Social Responsibility and the implications for Developing Countries", which is the theme for this workshop, cannot be...

The period of the 1970s experienced a tremendous growth of debt of the less developed countries (LDCs). Between 1970 and 1980, the debt of the LDCs grew fivefold to $580 billion. Much of this growth of debt was accounted for by liberal lending of transnational commercial banks (TNBs). The...

The study attempts to look into the menace of the child labour around the contemporary world while also tracing its history. The study endeavors to find traces of child labour in the developing as well as developed world. The worst forms of child labour including armed conflict, trafficking,...

This paper traces the rise of export-led growth as a development paradigm and argues that it is exhausted owing to changed conditions in emerging market (EM) and developed economies. The global economy needs a recalibration that facilitates a new paradigm of domestic demand-led growth....

For several decades, the international community has aspired to integrate the social, economic and environmental dimensions of sustainability. Yet, no country has achieved the patterns of consumption and production that could sustain global prosperity in the coming decades. Thus, with the...

This paper traces the rise of export-led growth as a development paradigm and argues that it is exhausted owing to changed conditions in emerging market (EM) and developed economies. The global economy needs a recalibration that facilitates a new paradigm of domestic demand-led growth....

Progress toward food and nutrition security (FNS) needs to be sharply accelerated in order to achieve the Sustainable Development Goal for ending hunger and malnutrition, especially in rural areas. The G20 should target interventions and investment opportunities to maximize impact on people and...