The role of FDI inflows and outflows to host countries and from the source countries emerged in the 1980s as the major vehicle technology transfer that accelerated the globalization or international integration of 25 leading OECD economies over a period of 25 years (1983-2007). Although...

The paper reports the empirical results of the validation of the Stochastic Production Frontier (SPF) Model to an unbalanced panel comprising a cross-section of 8 manufacturing industries over a time span of 26 years The results provide insights on the repercussions of the micro-economic reform...

The dynamic process of economic globalization and deglobalization has been occurring in “waves” over the past 250 years. Diffusion models reveal how globalization policies occupy the policy centre stage when the global economy is booming and is cast on the back-burner when the global economy...

The challenges posed by high balance of payments deficits that manifest as high saving-investment gaps in Papua New Guinea (PNG) are analysed. Foreign aid can play play a pivotal role to fill these balance of payments or savings-investment gaps. Australia as the largest donor of foreign aid to...

The paper analyses the importance of the livestock sector in the development of the Thailand economy. In promoting the livestock sector development, the controlling of livestock diseases plays crucial for ensuring the sustainability and viability of the sector. This paper demonstrates that use...

Australia's inflation rate and inflation uncertainty during the post-float era 1983Q3–2006Q4 have acted as important barometers of Australia's macroeconomic performance. The conceptualization and measurement of the nexus between inflation and inflation uncertainty is subject to complex...

The paper models the policy challenges facing globalising developing countries. Models from pure theory of international trade, the small open economy model, growth accounting, the Solow-Swan model, the Gravity Model, Models of Portfolion Diversification, Currency Crises Models. These models are...

The paper provides an operational definition of the concept of globalisation and reviews the pro-globalisers' case for the worrld-wide spread of free market capitalism through the implementation of the 'Washington Consensus'. The pros and cons of the case for capital account liberalisation and...

The Nobel Laureate Milton Friedman has been acknowledged as the father of Monetarism and the champion of free market capitalism. Even his critics salute him as a "giant" and "one of the most brilliant economists of all time". Friedman based Monetaritst theories on the classical tradition. He...