In this paper we look at the effects of bargaining power on the types of entrepreneurial projects chosen by venture capitalists and show that a wealth-constrained venture capitalist prefers to provide equity financing to a two-stage rather than to a similar single-stage project. While the...

This paper attempts to identify forms of traditional medicine which have the greatest potential for advancing primary health care goals. It begins by differentiating traditional medical systems into types. according to the kinds of medical knowledge which they depend on for preventing,...

In this article authors first look at the relationship between market-based economic institutions and economic growth for transition economies. Though prior studies have found that those transition economies with a greater development of their financial infrastructure and other market-based...

To date, the record of economic transition has decidedly been mixed. The worldwide political climate is still in favor of economic reform and the process continues to have considerable momentum. On the other hand, this process now faces a number of formidable obstacles. There appears to be...