The Least Developed Countries (LDCs) are the poorest countries in the world. Their share of world trade has declined from 0.8% in 1980 to less than 0.5% today. The purpose of this study is to evaluate the impact on the LDCs of getting duty- and quota-free access to their main export markets. Our...

Tourism is an information-intensive market, characterised by asymmetric information between service providers and the customer. Intermediaries have traditionally played an important role as certifiers of products, and the revenue retention rate has been low, particularly for service providers in...

What are the responsibility of oil companies in resource rich countries? Do they take these responsibilities? Based on a utilitarian perspective and theories of the resource curse, we discuss the oil companies' corporate social responsibility (CSR) when a resource rich country such as Angola...

Three problems or dilemmas related to credit expansion were analysed: (1) Does larger supply of microcredit increase the possibility of cross-financing? (2) Does capital deepening favour the "richest" of the poor? (3) Does economic success lead to poor repayment behaviour?

This paper suggests that an optimal local content policy in the context of flawed institutions is a more minimal one than those typically pursued by developing countries with recently discovered petroleum reserves. We argue that local content requirements need to be seen as a public expenditure...

This paper suggests that an optimal local content policy in the context of flawed institutions is a more minimal one than those typically pursued by developing countries with recently discovered petroleum reserves. We argue that local content requirements need to be seen as a public expenditure...