The relationship between foreign trade and economic growth is one of the most important research areas in the literature because the direction and importance of this relationship can vary from country to country and from time to time. In this study, the causal relationship between Somalia's...

This paper proposes a model of international trade with capital accumulation and financial intermediation. This is achieved by embedding the Melitz (2003) model into an incomplete-markets neoclassical framework with an endogenous credit market. The model preserves the analytical tractability of...

It is an open secret that the two Bretton Woods Institutions (BWIs) – the World Bank and the IMF – are the main architects of structural adjustment programs (SAPs) that are prevalent in much of the developing world. The very nature of "conditionality" – the policy strings that the BWIs...

U.S. public and private debt is traced to the decision of the First Congress in 1790 to borrow the new nation's money supply. This established a debt imperative that requires debt to grow by compounding interest. When debt fails to grow enough, the economy goes into various degrees of recession....

Each country faces unique challenges in addressing the COVID-19 pandemic. India's relatively low healthcare resources, limited state capacity, and large population of poor people, many of whom are already burdened with other health issues, pose challenges on every dimension.The present policy of...

This study examines and analyses the phenomena of unskilled temporary male labour migration from Bangladesh to Malaysia by focusing upon the decision making process, its economic and social impact at the point of origin, and the significance of the role of networks at origin and destination....

For several decades, the international community has aspired to integrate the social, economic and environmental dimensions of sustainability. Yet, no country has achieved the patterns of consumption and production that could sustain global prosperity in the coming decades. Thus, with the...

This paper explores the effect of globalization on social cohesion outcomes and reviews its underlying mechanisms. I offer a framework to review the literature, in which I identify worker labour earnings, household expenditures and firm productivity as main channels through which globalization...

Public welfare policies in developing countries have a Rawlsian perspective; they seek to uplift the poor, the poorest of the poor in particular. Policies to enable the poor to catch up with the rich are generally two-fold, viz., inclusive growth, and redistributive (transfer) programmes. This...