This is an attempt to derive broad, strategic lessons from the diverse experience with economic growth in last fifty years. The paper revolves around two key arguments. One is that neoclassical economic analysis is a lot more flexible than its practitioners in the policy domain have generally...

Im Zeitalter der Globalisierung (seit etwa 1980) sind weltweite Ungleichheit und absolute Armut – entgegen den Behauptungen vieler Globalisierungsgegner – zurückgegangen. Bei der Betrachtung der Entwicklungsländer zeigt sich ein recht robuster signifikanter statistischer Zusammenhang...

This paper discusses the policy issues facing São Tomé e Príncipe, given the discovery and imminent exploitation of large reserves of oil in its territorial waters. A common reaction to news of a large oil discovery is to think that all economic problems can be solved by the flow of oil...