There exists a wide range of studies which argues that the low growth experience of developing countries is due to high ethnic fractionalization. On the other hand, there is a large literature which suggests that the existence of co-ethnic networks has a large positive impact on trade and thus...

“If you are totally illiterate and living on one dollar a day, the benefits of Globalization never comes to you”; these are the words of Mr Jimmy Carter, the 39th President of United States of America which are still applicable in today’s modern, 21st century world where the economy and...

This paper is an attempt to clarify the relationship between ethnic fractionalization, polarization and conflict. In recent years many authors have argued that ethnic fractionalization has a negative effect on growth because it increases the likelihood of conflicts. For this reason many growth...