Diese Studie untersucht die weltwirtschaftlichen Probleme, die durch große und anhaltende Überschüsse oder Defizite in den Leistungsbilanzen entstehen können, die im Zuge der Globalisierung von Handel und Finanzmärkten deutlich zugenommen haben. Dabei werden drei typische Gruppierungen von...

The working paper critically examines trade policy of Belarus in 2006-2010 in the context of national, regional and international trends of economic activity. The paper analyses basic features of import substitution industrialization relevant for Belarus. There are summarized basic trends of...

This study analyzes the expected impact of the implementation of a Customs Union between Guatemala and El Salvador on the latter’s economy. In order to do so, the main implications of moving from a Free Trade Area to a Customs Union are examined: CET establishment (with special attention...

On the basis of two case studies viz. Uganda and Tanzania, this paper examines possible paths to development. The traditional one, here called ‘broad’ industrialisation, is contrasted with agricultural-based industrialisation and service sector development as possible alternative...

This study examines the strategy of trade liberalization followed by Jordan during the last three decades. It provides an overall assessment of the impact of trade openness on economic growth. As a case study of such policy of trade liberalization, the new free trade agreement (FTA) between...

This paper analyzes the factors behind the recent trends in food commodity prices, especially the question to what extent the price hikes are caused by fundamentals. Some of the main determinants have been identified and classified in ongoing studies. Based on this categorization, a basic supply...

The promotion of an inclusive financial system is a policy priority in many countries. While the importance of financial inclusion is widely recognized, the literature lacks a comprehensive measure that can be used to measure the extent of financial inclusion across economies. This paper...

Purpose – The objective of this paper is to examine the impact of stock market development on economic growth for a sample of least developed countries. Design/methodology/approach – A panel of 10 countries for the period 1995 to 2009 was used. Taking into account the possible...

This paper presents the prospective sectors for further economic growth in Mauritius. We approach this by firstly tracing the historical development of Mauritius and providing explanations for the growth experienced. This is used as the basis for the analysis of the country’s current...

Although the 21stcentury has just begun, it is already possible to notice important differences from the precedent decade’s standard in the Brazilian economy. More precisely, from 2003 onwards, Brazil is passing through an incipient process of income distribution that is still modest to...