The core of the neoclassical growth theory is the capital investment. Solow proposed that the diminishing return is key to such growth process in establishing the stability of the equilibrium growth path. This key postulation has critical implications on the sustainable and effective development...

From around 2000 onward, donors and recipient governments embarked upon a new aid paradigm. The most important elements include increased selectivity in the aid allocation, more ownership of recipient countries based on nationally elaborated PRSPs, and more donor alignment and harmonization via...

Introduction -- Concept of social economy: past and present -- Economic liberalisation and social development -- Social consequences of economic policies -- Marginalisation of agriculture sector -- Social implications of political process -- Caste prejudices and human dignity -- Language,...