We examine the dynamics of a country’s growth, consumption, and sovereign debt, assuming that the government is myopic and wants to maximize short-term, self-interested spending. Surprisingly, government myopia can increase a country’s access to external borrowing. In turn, access to...

The newly born, one year old State of Southern Sudan faces multiple challenges, economic, administrative, ethnic and most of all, civil conflicts with its previous mother country, Sudan. Building a state is an arduous mission and building a nation comprised of many ethnicities is the most...

The Indian software industry has often been cited as an example of a 'role model' for other developing countries trying to catch up, or leapfrog certain stages of industrial development. Having started with basic programming services India has climbed the value chain in IT industries. The...

We examine the dynamics of a country's growth, consumption, and sovereign debt, assuming that the government is myopic and wants to maximize short-term, self-interested spending. Surprisingly, government myopia can increase a country's access to external borrowing. In turn, access to borrowing...

Japan moved its production processes through foreign direct investment to Southeast Asia, including Thailand, in the 1970s. However, due to the lack of human capital, Thailand failed to absorb the technology and came up with their own innovations as the Asian New Industrialized Economies....

How to address human rights is a forever important issue of political economics. In expanding that view, it is important to know that whether the decision has a firm ground. We humans say that every decision should be addressed in the rational point view of human rights. And to support that,...

Ever since the dire predictions of The Limits to Growth (Meadows & al. 1972) failed to come true on time, it's been all too easy to ridicule environmentally-based arguments against economic growth as pessimistic and "Malthusian." In contrast, this paper accepts, for the sake of argument, the...

Generalized morality reflects ethical norms in society about the inappropriateness of behaviors that can cause harm to others. Generalized morality may be an important factor affecting the economic performance of countries. An indicator of generalized morality is constructed from data from the...

Despite the many approaches of neoclassical and endogenous growth theory, economists still face problems explaining the reasons for income differences between countries. Institutional economics and the deep determinants of growth literature try to depart from pure economic facts to examine...