The book has been divided into five parts. Part one focuses on clarifying the basic concepts (that is, what are the appropriate goals of economic policy?), the challenges of low- and middle-income developing countries, and suggested frameworks for analysis. Part two moves from the macroeconomic...

An attempt is made here to report briefly on the new developments on nonlinear dynamics (NLD) and suggest some implications for economies. The theory of bifurcations, catastrophes and chaos can throw much needed light on innumerable economic phenomena. NLD may help in better understanding of a...

Competitiveness is a broad subject with applications at the level of the firm, industry, region, nation, and global economy. Each one of these aspects has a rich literature drawn on by academics and policy makers over a long period. This book seeks to present a broad overview of the main ideas...

Recent events have required labor economists to rethink their approach toward the markets and this book aims to bring this rethinking to the forefront. The global economic crisis of 2008-2009, a rapidly changing demographic division, increasing youth unemployment rates (fuelling movements in...

The global crisis of 2008-09 has brought to the forefront a plethora of economic and political policy issues. There is a re-opening of discussion on basic economic concepts, appropriate framework for analysis, role of private and public sectors in the economy, structural transformation of...

Intro -- Contents -- Preface -- About the Authors -- Abbreviations -- Chapter 1 Competition, Competition Policy, and Growth -- Competition and Growth -- Product Market Regulation and Economic Performance -- Competition Policy -- Conclusion -- Notes -- References -- Chapter 2 Competitiveness and...

This paper explores the relationship between external debt and poverty. A number of observers have argued that high external indebtedness is a major cause of poverty. Using the first-differenced general method of moments (GMM) estimator, the paper models the impact of external debt on poverty,...

This paper examines the interaction between fiscal policy and the broader macroeconomic context in open economies. It asks two questions. First, what was the relationship between fiscal policy and current account balances in countries in Europe and Central Asia during the past dozen years?...

This paper builds on recent work that shows how financial sector outcomes are affected by the provision of information by financial and other entities. In particular, it shows that an indicator of economic transparency is positively related to higher levels of private credit and a lower share of...