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Persistent link: https://www.econbiz.de/10013037599
This research explores the effects of culture on technological diffusion and economic development. It shows that culture's direct effects on development and barrier effects to technological diffusion are, in general, observationally equivalent. In particular, using a large set of measures of...
Persistent link: https://www.econbiz.de/10011528503
Despite extensive policy discussion, limited empirical literature is available concerning the impacts of infrastructure on human development. Furthermore, major infrastructure services, such as transport and energy, are missing in the current Millennium Development Goals (MDGs) framework;...
Persistent link: https://www.econbiz.de/10014137311
Promotion of foreign direct investment (FDI) and trade liberalization on both global and regional levels has been considered to be beneficial for the economic development of developing countries. Current WTO rules support regional trade liberalization and prohibit certain trade-related...
Persistent link: https://www.econbiz.de/10014221684
While the objectives of the World Trade Organization include promotion of economic development for developing countries … stabilizing world trade and inhibiting state interference with world trade, they also have significant implications for tariff and …
Persistent link: https://www.econbiz.de/10014221685
Facilitating economic development of developing countries has become an important agenda in the world trading system …, currently represented by the World Trade Organization, will depend on bridging these gaps between developed and developing … regulatory reform to promote development in the current system. The paper also proposes organizational reform in the World Trade …
Persistent link: https://www.econbiz.de/10014050671
results of the world and the inability of a central entity to control them …
Persistent link: https://www.econbiz.de/10014170674
The fundamental, underlying factors of development are often neglected when analyzing the question why countries experience a growth slowdown at the middle-income range. Although these so-called `deep determinants' such as geography and institutions have been found to be decisive for the break...
Persistent link: https://www.econbiz.de/10012205933
Thomas Piketty's (2013) book, Capital in the 21st Century, follows in the tradition of the great classical economists, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We argue that general economic laws are unhelpful as a guide...
Persistent link: https://www.econbiz.de/10013040288
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...
Persistent link: https://www.econbiz.de/10003958864