The key lessons that can be distilled from this paper are as follows. The assumption of an inexorable shift of manufacturing industries to low labour-cost regions has proved to be largely mistaken, as the bulk of industry has remained in the developed world.

Agrarian policy discussions have traditionally centred on how such policy can be formulated so as to galvanise agricultural production (the 'reversing of the terms of trade bias against agriculture' of the Neo-liberals being one obvious facet of this approach) or to reduce rural inequalities (as...

The role of foreign-based enterprises in the British economy, and policy towards foreign multinationals, has been of considerable interest ot successive UK governments. This paper examines the early evolution of policy, prior to the second World War.

This paper discusses developments in capital theory since the publication of Kaldor's seminal paper Alternative Theories of Distribution. It argues that different approaches simplify issues in different ways and that each of these simplifications is important in developing a coherent and...

This paper demonstrates the importance for energy demand modelling of allowing for trends and seasonal effects that are stochastic in form. Inherent underlying trends may be non-linear and reflect not only technical progress, which usually produces greater energy efficiency, but also other...

Agriculture plays a significant role in the economies of Central America and the Caribbean as a source of employment and export revenue. The role of agriculture in the region is nothing new, yet the nature of the relationship has changed in the past century, particulary when one considers the...

International tourism is often perceived by LDC government planners as an engine of economic growth, but the focus is commonly mass tourism whilst ignoring backpackers. The case study of Lombok, Indonesia, indicates that the encouragement of backpacker tourism may alleviate some of the excesses...