Abstract Innovation is fundamental to sustainable economic development because input resources are finite. When an economy faces constraints such as land and labour, innovation fuels continued growth through new technologies that utilises the limited resources more productively. Competition...

Abstract Italy makes for an interesting case-study of the impact of socio-cultural variables on economic performance: under a common institutional framework differences in socio-cultural attitudes across Italian provinces correspond to large differences in their economic success. We analyze the...

While markets are all around us, not all markets are the same. Markets come in a variety of colors based on the legality of activities in the specific market. As such, there is no market economy per se, but instead various shades of markets. The different shades of markets that are evidenced in...

For most sub-Saharan African countries, participation in international trade almost always means exporting primary, often agricultural, products and importing machinery and other manufacturing goods. In appreciation of the detrimental economic effects of this situation on SSA countries, the EU...

In recent decades, free trade agreements have been proliferated and have become a major part of the global trading system, along with the multilateral framework represented by the World Trade Organizations. This article discusses some of the major issues with FTA in relation to the WTO...

The Sen conception of `development as freedom' represents a departure from previous approaches to development that focused merely on growth rates or technological progress. Sen however fails to adequately address the social constraints that inhibit the realization of the goal of `development as...

The current world trading system lacks a procedure to identify developing country Members, to whom "Special and Differential Treatment" (SDT) is granted. Based on the analysis of five methods of identifying developing country Members, which are GATT Article XVIII definition, listing,...

The re-emergence of the ever-lingering trade linkage debate, falling between the prevailing financial crisis unprecedented in its worldwide implications and the persistent failure of the negotiations of the Doha Development Agenda (DDA), underscores the contentiousness of incorporating non-trade...

Debt-for-development exchanges grew out of debt-equity exchanges and now include debt-for-nature, debt-for-education and debt2health exchanges, among other variants. This history and analysis of the evolution of this idea sheds considerable light upon the technique and allows a more nuanced...

Poverty remains a serious global issue, and nearly half of the world's populations are still living below the poverty line. International trade has been a vehicle for successful economic development for some developing economies in East Asia, including South Korea, Taiwan, Hong Kong, Singapore,...