This paper examines different explanations - initial conditions, openness to trade and FDI, and institutions - of the Mauritian growth experience since the mid-1970s. We show that arguments based on openness to trade and FDI are either misleading or incomplete. Even when correctly articulated,...

Development of IT/e-business is a centerpiece of renewed economic growth in most countries of East Asia. This paper considers the challenges for policy focusing on the acquisition of knowledge and its utilization. While many countries in East Asia are well along the way toward upgraded...

This paper examines the effects of foreign direct investment (FDI) on South Asian economies' output growth, utilizing recent panel cointegration testing and estimation techniques. Annual panel data on eight SAARC (South Asian Association for Regional Cooperation) member countries' macroeconomic...

This paper examines the effects of foreign direct investment (FDI) on South Asian economies’ output growth, utilizing recent panel cointegration testing and estimation techniques. Annual panel data on eight SAARC (South Asian Association for Regional Cooperation) member countries’...

This paper studies the industrial structure change induced by factor endowment changes, and explores the linkage between structural coherence and economic growth. Here structural coherence is defined as the degree that a country's industrial structure optimally reflects its factor endowment...

In this paper, I discuss the reasons for Costa Rica's economic performance over the last quarter of a century. Three complementary sets of policies (investments in human capital, careful stabilization, and an intelligent and aggressive integration into the world economy) explain the successful...

India being an agro based economy with the second highest farm output in the world needs more sustainable growth in this area. The public private partnership is one step towards attaining holistic growth. The government alone is not the answer to everything, the need is more than the capital...

Why are we rich and others poor? What is preventing the less-developed countries from catching up with the more developed? How did we become rich? Underlying these questions are more fundamental ones: What is the nature of economic progress? What are its causes? I seek the answers to these...

This paper analyzes the weak growth performance in the Middle East and North Africa (MENA) region during 1980-2000 using an empirical model of long-run growth. The relative importance of the factors affecting growth is shown to vary across 16 MENA countries. In GCC countries, where oil revenues...

This study reviews and analyzes the changes in total factor productivity (TFP) growth in 12 Asian economies – the People's Republic of China; Hong Kong, China; India; Indonesia; the Republic of Korea; Malaysia; Pakistan; the Philippines; Singapore; Taipei, China; Thailand; and Viet Nam – for the...