For the past 40 years, the most dynamic economies in the world were China and India. From approx. 5% of US GDP level, China grows to 26% and India to 11% of current US levels. The ratio of foreign trade to GDP is similar for both countries as well as capital flows to GDP. So why did China...

This essay is an entry in the forthcoming Encyclopedia of International Economic Law from Edward Elgar Publishing, edited by Krista Nadakavukaren Schefer and Thomas Cottier and due to be published in 2016. Development is about aspiration — our longing for a better life as individuals and as a...

Chapter 1: Introduction -- Chapter 2: Macro Determinants of FDI in India: Cointegration and Causality -- Chapter-3: FDI–Growth Nexus in India -- Chapter 4: Foreign Aid: Growth Nexus in India: Cointegration and Causality -- Chepter 5: Foreign Capital–Growth Nexus in India: Cointegration and...

This paper analyses macroeconomic aspects of exit from aid-dependence. By 'exit from aid', we mean substantial and enduring decline over time in Official Development Assistance (ODA) as a share of Gross Domestic Product (GDP). The relevant macroeconomic variables are identified by systematically...