This research analyzes the effects of the similarities in economic size and institutional level on bilateral trade. It is interested, whether the similarities at the country size and institutional level encourage enlarging volume of international trade between countries. Using panel data of the...

Despite significant progress towards the Millennium goals, more than one billion people live on less than 1.25 US dollars per day. Previous research suggests that globalization stimulates poverty reduction, but does not investigate what role institutions play in this relationship. Theoretically,...

This chapter discusses whether the Middle East and North African (MENA) countries are prone to be cursed or blessed by their natural resources endowments. It thus reviews the literature on the resource curse theory. The existence of a resource curse is discussed and arguments against advocates...