War is costly both because of the resources used up and because of the inefficiency introduced by the higher taxes necessary to finance them. War has been justified by its ability to help an economy achieve full employment. Robert Barro argues that war increases employment because folks work...

This presentation discusses the current state of regional trade in South Asia, specifically the South Asia Association for Economic Cooperation (SAARC). It then discusses the main obstacles for expansion of regional trade in South Asia, specifically poor infrastructure and trade costs resulting...

We review the literature on the relationship between agricultural trade policy reform and poverty, and the results of recent detailed simulation studies applied to economies in the Asia-Pacific region. We then use the Global Trade Analysis Project model to evaluate the possible impacts of the...

Although the overall economic performance of economies in South Asia in recent years has been impressive, there is concern that an aging and increasingly inadequate infrastructure may limit the potential for further growth and economic development. A critical infrastructure component is the...

We use a general equilibrium model of a small developing economy with urban unemployment to illustrate the impact of processing incentives in the presence of foreign owned factors of production. We show that the location of the processing industry plays a crucial role in determining whether or...