В статье предлагается подход, раскрывающий понятие «экономическое развитие». У экономического развития есть несколько измерений: есть количественное...

We argue that several easily identifiable structural features constitute the key ingredients of effective state bureaucracies and should help to predict ratings of bureaucratic performance: competitive salaries, internal promotion and career stability, and meritocratic recruitment. We collect a...

The second wave of globalization, usually dated from 1985 to the Present, is characterized by an increase of the goods and services ratio to World GDP of 9 pp, integration of capital markets with an expansion of 23 pp in FDI over GDP, more intense communication and information relationships with...

Views of the future China vary widely. While some believe that the collapse of China is inevitable, others see the emergence of a new economic superpower that increasingly poses a threat to the U.S. This paper examines the economic growth prospects of China over the next two decades....

A Schumpeterian theory of development and underdevelopment in an open global economy with technology transfer, trade and investment is presented. Free trade provides a powerful force for convergence. However, foreign direct investment (FDI), which consolidated during the 19th Century and has...

Growth theory traditionally assumed the existence of an aggregate production function, whose existence and properties are closely tied to the assumption of optimal resource allocation within each economy. We show extensive evidence, culled from the microdevelopment literature, demonstrating that...

Decentralization has been advocated by donors and development agencies as an important factor broadening citizen participation and improving local governance, thereby, promoting poverty reduction from the bottom up. On the basis of a comprehensive review of 19 country case studies documented in...

In developing countries, taxation is perceived as a brake on economic growth. Indeed, taxes in most of these countries are not sufficiently adapted to the specificity of the taxpayer and often do not consider the weak administrative capacity of the countries in the region. In this context,...

Growth theory has traditionally assumed the existence of an aggregate production function, whose existence and properties are closely tied to the assumption of optimal resource allocation within each economy. We show extensive evidence, culled from the micro-development literature, demonstrating...

A model is developed to study the implications of the presence of rent-opposing activities for the measurement of deadweight losses and for cost-benefit analysis. Our analysis provides an upper bound on the social cost of rent seekingin the presence of potential rent opposers. We also offer...