This paper discusses the policy options that resource-rich economies need to implement in order to promote capital formation and sustainable development.

Many of the emerging market economies in Europe are presently running current account deficits which are quite high relative to any global or historical standard and are fundamentally unsustainable. This includes the three poorer European Union (EU) members of the old Europe (Greece, Portugal,...

This paper discusses the relevance of the Balassa-Samuelson effect for the transition economies since 1990. Their experience is consistent with this hypothesis and the further implications of this are discussed especially in regard to EMU targets for exchange rate stability and inflation.

This paper dicusses possible approaches for improving the mobilization of domestic resources for development in the ECE emerging market economies, focusing on the interrelationship between domestic saving, capital accumulation and economic growth.

This paper provides an assessment of the economic situation and outlook for Europe, North America and the CIS economies as of mid-2007.

This paper provides a welfare analysis of trade liberalization based upon the moral principles of utilitarianism. The history of the moral philosophy of utilitarianism is described including its introduction into what became known as Cambridge welfare economics. The differences between this...

Corruption is a significant factor which determines the quality of the “doing business” environment at large. The aim of this paper is to contribute to our understanding of entrepreneurs’ corrupt behavior by looking at two questions: (1) does gender matter in corrupt behavior and (2) can...

This paper describes how the global financial crisis of 2007-2010 impacted trade both globally and more specifically for the European emerging economies, which in terms of GDP decline, were the most negatively impacted economies in the world. Just as with GDP, the trade of the European emerging...

Migrant remittances are an increasingly important source of income for the transition economies. For many of these economies, remittances are the largest type of international financial inflow and are larger than either capital inflows or official development assistance. These remittance inflows...

Sustainable development cannot be achieved without a more equitable distribution of resources today and tomorrow. This paper highlights that prevailing inequalities are deeply gendered. Understanding this and making policy decisions towards reducing these inequalities is a key condition in...