This article explains why states in which bribe payers are located (payor states) criminalize transnational bribery. It suggests that these initiatives can enable selfinterested payor states to improve the terms upon which their nationals obtain the services of foreign public officials. Although...

Global warming is an example of a global tragedy of the commons. The atmosphere is a global common property resource. The global nature of this resource makes global warming a particularly difficult problem to solve. The reason for this is that there is no world government that can introduce and...

This chapter begins by noting that culture as an element in economic development in the Third World has been largely neglected in traditional development economics, most writers either seeing culture as an obstacle to development or ignoring it altogether. Recently a shift in thinking has...

This research argues that deep-rooted factors, determined tens of thousands of years ago, had a signifcant effect on the course of economic development from the dawn of human civilization to the contemporary era. It advances and empirically establishes the hypothesis that, in the course of the...

Despite many approaches of neoclassical and endogenous growth theory, economists still face problems in explaining the reasons for income differences between countries. Institutional economics and the deep determinants of growth literature try to depart from pure economic facts to examine...

This research argues that deep-rooted factors, determined tens of thousands of years ago, had a significant effect on the course of economic development from the dawn of human civilization to the contemporary era. It advances and empirically establishes the hypothesis that in the course of the...