This paper traces the rise of export-led growth as a development paradigm and argues that it is exhausted owing to changed conditions in emerging market (EM) and developed economies. The global economy needs a recalibration that facilitates a new paradigm of domestic demand-led growth....

The objective of this is study is to assert the role of domestic financial system as mitigating of sudden stops episodes and driver of capital flows in a group of 14 emerging economies in the period of 1999-2013, especially in face of unfavorable external environment such as high international...

The article presents the results of a multidimensional comparative analysis carried out on 29 European countries. The analysis aims at grouping these countries according to features including the level of Corruption Perception Index, time required to start a business, paid taxes, inflow of...