This paper argues that the future of the Human Development Index published by the United Nations depends on how successfully this index becomes operational and this is more likely to be possible at the country level for a variety of reasons. With this in mind the paper proposes a method and a...

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...