The interconnected issues of commodity price fluctuation, unemployment and balance of trade developments are of critical importance in times of globalization. The present paper addresses these issues in terms of a monetary dependent economy macro model that applies to a large class of emerging...

Cities of the future should be sustainable, knowledge and innovation oriented, technology-enabled in order to support development and value creation for citizens, businesses, communities, and society. Cities as sustainable organizations should proceed by adopting a smart cities approach as a...

Countries often use economic sanctions to coerce other countries to change certain policies of which they do not approve. However, if sanctioned countries smuggle goods over the border, use informal financial intermediaries, and develop black markets to trade sanctioned goods, sanctions end up...