Despite the continued vulnerability of the economy to exogenous shocks, the inadequacy of infrastructure, and the weakness of existing institutional capacity, there has been considerable progress in actions and reforms initiated by the government within the framework of the poverty reduction...

This study is a review of the recent trends in development economics research. The focus is on the development in the recent decades as a result of increased globalization of knowledge, technologies and economies. In particular I look at the development in a number area where similar trends are...