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....

This work is about the question of Franco-German relations and the creation of the European common currency. For this purpose the analysis was made with the perspective of international political economy. Between the meetings of European leaders in the Dutch cities of Hague and Maastricht, among...

Marking its 100-year anniversary this year, the SACU is the oldest surviving customs union today. This paper lays out the history of the SACU and its governance structures, details of the new agreement, the EU's economic activities in the southern African region, and current issues facing the...

This paper seeks to add to the current debate about financial development and growth in the emerging world by looking at how different financial systems evolve: how and why financial structures change during various stages of development, how best to measure them, and seeing what practical...

The European Union's (EU) mission has been and continues to be the establishment of a single, internal market for financial services comprising the entire territory of its fifteen Member States. Achieving a single market was historically dependent on provision of market access and development of...

The European Community (EC), as part of its mandate under the Treaty of Rome to create a single internal market by 1992, has enacted an EC-wide prohibition on insider trading. The EC's “Council Directive Coordinating Regulations on Insider Dealing” is a mandatory model act setting forth the...

The half century leading up to the crisis of 2008-2009 was the best such period in world economic history, especially in the Asia Pacific. Peace and relative economic stability permitted unprecedented liberalization, economic integration, and advances in productivity and growth. But the...

Controversy has surrounded the role exports play in stimulating economic growth. Some authors find causation from exports to GNP, while others have concluded that exports retard GNP growth. Still others find no causation or find bidirectional causation with the Sims test but not with the Granger...

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....