The paper reviews the history and progress of understanding of development theory over the past 50 years. Development thinking has evolved from an early paradigm that focused on savings and capital investment to subsequent arguments favoring the inclusion of human capital, policy, technical...

Jamaica experienced one of the longest uninterrupted periods of negative growth among LDCs in the 1970s. Agricultural exports led this decline, exacerbating foreign exchange shortages. The authors investigate the influence of the major commodity boards' policies on agricultural export...

We use the Johansen cointegration approach to assess the empirical validity of the purchasing power parity (PPP) between the UK and Germany since the introduction of the euro. We conduct the empirical analysis in the context of the global financial crisis that began in 2007 and find that it...