Small, open developing economies in general, and small island developing states (SIDS) in particular, have specific macroeconomic characteristics due both to their openness and their small size. Small size means they can never have fully independent capital-intensive domestic economies, so to...

""This is surely the best treatment of modern Mexican economic history and the development of an unending crisis. Mexico's close linking to the United States through NAFTA produced an acute vulnerability to the Great Crisis, and this Mexico's current condition ought to be an acute embarrassment...

Reduction of large and persistent external imbalances is currently a key focus of G-20 discussions. The paper argues that in a progressively multipolar world economy, the goals of global rebalancing, growth, and development are increasingly inter-linked. Growth-oriented rebalancing calls for...

When the Third World fell behind -- The first global century up to 1913 -- Biggest Third World terms of trade boom ever? -- The economics of Third World growth engines and dutch diseases -- Measuring third world de-industrialization and Dutch disease -- An Asian de-industrialization illustration...