Most developing countries consider foreign direct investment (FDI) as an invaluable source for filling the resource gaps that hinder their development programmes. Moreover, FDI can also be a medium for acquiring skills, technology, organizational and managerial practices and access to markets....

There is enough evidence to suggest that regional disparities within most developing countries are alarmingly high and probably increasing. This paper analyses regional disparities amongst major states in India to find out if they are on a convergence or further divergence course. It compares...

Some recent empirical research suggests that the implementation of policy reforms is largely dependent on domestic political economy factors. This finding is taken to suggest that aid and adjustment lending should only be provided to those countries that, on the basis of certain characteristics,...

The concept of convergence is extended to non-income components of human development index and the index itself. Evidence of weak absolute convergence is found over 1975-2001. The results are robust and verified by various conditional ß-convergence models and also supported by the evidence of...

This paper analyses the extent of inequality amongst the major states of India over nearly two decades. It reviews various theoretical propositions for possible convergence and divergence and argues that while the evidence from the more developed countries supports the case of convergence the...