Fiji is in the midst of a consultation process for a new Constitution on which General Elections are scheduled to be held in 2014. The new Constitution is going to be the fourth one for Fiji. During the first decade of independence, Fiji's economy grew at a rate of more than 5% per annum....

The paper attempts via case studies to illustrate the nature and importance of political structures and transitions in the course of rapid growth and development. The cases are drawn principally from Asia, where the pattern has often been a dominant single - party structure evolving into a full...

Rapid decolonization created many arbitrary countries. In contrast to those states which had emerged through a quasi-Darwinian process of selection, some of these new countries had structural characteristics which gravely impeded the provision of public goods. Their lack of a unifying sense of...

This paper constructs a model of growth based on Adam Smith's notions of specialization and extent of the market. We seek to explain the following stylized facts. 1) The share of household production in total output has fallen over time as the economy has grown. 2) Services as a percent of GDP...

This article analyzes efforts in Nicaragua to create ethical organizations and an ethical economy. Three societal ethea found in contemporary Nicaragua are examined: the ethos of revolution, the ethos of corruption, and the ethos of human development. The emerging ethos of human development...

Canonical correlation analysis (CCA) has the ability to deal with two sets of multivariate variables simultaneously and to produce both structural and spatial meanings. In view of the valuable insights to be gained, in this paper I examine the potential applications of CCA in regional science by...

This paper addresses the empirical question of whether trade and financial openness can help explain the recent pace in financial development, as well as its variation across countries in recent years. Utilising annual data from developing and industrialised countries and dynamic panel...

This contribution provides a brief overview of selected main developments pertaining to economic governance in the euro zone in 2012. It first discusses the European Court of Justice judgment on the Treaty establishing a European Stability Mechanism and the approach to the ESM Treaty by some...

Economic history has taken a more micro and theoretical approach. The resulting work has shed considerable light on the functioning of institutions, on which institutions matter, and to some extent on why. However, it has paid insufficient attention to the nature of the overall economic process...