Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of dollar's double role of national and international currency. This is the Triffin dilemma. The paper shows how it works through three examples: price of commodities, dollarization, and the...

Many developments witnessed in 2005 in the world economy have important implications for African economies. There are many issues raised pertaining global imbalances and they obviously occupied center stage in the monetary and other economic policies of developing and developed countries. The...

Poverty is one of the serious problems of the world. The problem is more severe in Africa. Eritrea is 16 years old young nation got independence from Ethiopia. The economy of the country was quite good during 1993-97. Later, however, Eritrea has been exposed numerous challenges such as drought,...

In the 1980s, the focus in economic management in Africa shifted towards macroeconomic stabilization policies. This led to the neglect of sectoral policies and microeconomic reforms, which are critical for industrialization and diversification. In line with this, the African economies continue...

African economies are facing the critical challenge of raising the rate of GDP growth and sustaining high growth rates and thus meet the Millennium Development Goals (MDGs). The performance of agriculture is more paradoxical and African exports of industrial goods are dominated by mining and...

Ownership is the essence of economic citizenship. Beyond actual possession, a sense of personal welfare and proprietorship, or at least the hope of achieving them, constitute a necessary and important complement to being stakeholders in a society. Together with efficacy and legitimacy, these are...

The term ‘Modi-nomics' gained widespread publicity across India and resonated internationally during the Bharatiya Janata Party's (BJP) campaign for the 2014 general elections. Named after the BJP's star campaigner and then Prime Ministerial candidate, Narendra Modi, Modi-nomics refers to his...

Most immigrants will tell you of the horror stories surrounding their survival. The Cold War which was metaphorically a gang war between the United States of America and the Soviet Union caused many to suffer. Containing the spread of communism and promoting free market economies was the main...

La versión española de este artículo se puede encontrar en: https://ssrn.com/abstract=3132227. The TPS - Toyota Production System first known worldwide as Just In Time (JIT), then as Lean Production, however as Toyota claims, both names do not communicate and nor completely capture the spirit...

This paper surveys the theoretical and empirical literature on the effects of the real exchange rate (RER) on international trade, economic development and growth. We summarize the main conceptual issues, discuss the relevance of the RER as an instrument of development policy, provide an...