Poverty Reduction in Developing Countries
No consensus but plenty of solutions
Michael Chibba
Volume 9, Number 1, 2008, pages 197 - 200
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Islamic Economics and Finance
Rodney Wilson
Volume 9, Number 1, 2008, pages 177 - 195
This article provides an introduction to key concepts and methods involved in an Islamic approach to business, investment, risk taking and insurance. The prohibition of riba (interest or usury) profoundly influences the way business transactions and investments are made and financial contract ... Read more
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Growth Strategies and Dynamics
Insights from country experiences
Mohamed A. El-Erian & A. Michael Spence
Volume 9, Number 1, 2008, pages 57 - 96
The paper examines the challenges that developing countries face in accelerating and sustaining growth. The cases of China and India are examined to illustrate a more general phenomenon which might be called model uncertainty. As a developing economy grows, its market and regulatory institutions cha ... Read more
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Tim Lankester on Andrew Glyn, Capitalism Unleashed: Finance, Globalization, and Welfare FREE ARTICLE
Volume 8, Number 2, 2007, pages 277 - 280
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Losses and Gains to Developing Countries from the Migration of Educated Workers
An overview of recent research, and new reflections
Oded Stark & C. Simon Fan
Volume 8, Number 2, 2007, pages 259 - 269
This paper synthesizes and extends recent research on “The New Economics of the Brain Drain”. In a unified framework, the paper shows that while recently identified adverse repercussions of the brain drain exacerbate the long-recognized negative impact of the brain drain, longer-term consequences tu ... Read more
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Globalisation and Inflation
Charles Bean
Volume 8, Number 1, 2007, pages 57 - 73
In this paper, Charles Bean, Executive Director, Chief Economist and member of the Monetary Policy Committee of the Bank of England, discusses the impact of globalisation on the industrialised countries and in particular the inflation process. He explains how globalisation has affected the returns t ... Read more
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Education in a Globalized World
David E. Bloom
Volume 7, Number 4, 2006, pages 87 - 109
The arguments in favor of education rest on various premises: legal and humanitarian—that children are entitled to an education as a basic human right; economic—that countries will advance faster when people are educated; social and political-that education is essential for building cohesive, equita ... Read more
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Book Review
Johannes F. Linn on Ngaire Woods, The Globalizers: The IMF, The World Bank, and Their Borrowers
Volume 7, Number 3, 2006, pages 189 - 200
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Are Mr de Rato’s Spectacles Rose Tinted?
Globalization and the IMF’s medium-term strategy
Graham Bird
Volume 7, Number 2, 2006, pages 115 - 131
Since the annual meetings of the IMF in September 2005, its Managing Director, Rodrigo de Rato, has been publicizing a medium-term strategy for the institution based on the organizing principle of globalization. Mr de Rato presents the challenges facing the Fund as global economic imbalances, capita ... Read more
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The Economic Growth of East Asia and Latin America in Comparative Perspective
Lessons for development policy
Anthony Elson
Volume 7, Number 2, 2006, pages 97 - 114
This paper attempts to identify key factors that can account for the divergent economic performance of East Asia and Latin America during the second half of the 20th century. Within the triad of so-called “deep determinants” of economic growth (geography, policy and institutions), the paper argues t ... Read more
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Comment
Phillip Crowson on the ‘death of distance’ and natural resource-based economic development in history.
Volume 7, Number 1, 2006, pages 185 - 187
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Global Income Inequality
A review
Branko Milanovic
Volume 7, Number 1, 2006, pages 131 - 157
This paper presents a non-technical summary of the current state of debate on the measurement and implications of global inequality (inequality between citizens of the world). It discusses the relationship between globalization and global inequality. It shows why global inequality matters and propos ... Read more
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The Enduring Elixir of Economic Growth
Xavier Sala-i-Martin on the wealth and poverty of nations
An interview with introduction byBrian Snowdon
Volume 7, Number 1, 2006, pages 73 - 130
“I think that the most important question that an economist can ask is, What is it that makes a country grow? More than anything else it is economic growth that affects human welfare…this is why it must remain a major research interest for economists.” In this interview Xavier Sala-i-Martin—w ... Read more
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Trade Policy 2006
A tour d’horizon
Razeen Sally
Volume 7, Number 1, 2006, pages 45 - 71
The global momentum in favour of trade liberalisation has slowed down; and there is more liberalisation-scepticism post-Washington Consensus. Chances are that the Doha Round will either collapse or deliver a very modest result. Both outcomes will leave the WTO in very serious trouble. For the WTO to ... Read more
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Corporate China Goes Global
Friedrich Wu
Volume 6, Number 4, 2005, pages 171 - 181
Recent high-profile international acquisitions and take-over bids by Chinese companies have attracted much media limelight and raised intense interest in China’s rising outward foreign direct investment (FDI). This paper delineates the macro trends of China’s outward FDI based on the most currently ... Read more
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Will Globalization Survive?
Martin Wolf
Volume 6, Number 4, 2005, pages 1 - 10
Globalization is not inevitable. It depends on politics. Today, it depends above all on US politics. Without successful US leadership, the present globalization may founder, just as the last one did. In this article Martin Wolf, associate editor and chief economics commentator at the Financial Ti ... Read more
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The Economics of Happiness
Insights on globalization from a novel approach
Carol Graham
Volume 6, Number 3, 2005, pages 41 - 55
The economics of happiness is an approach to assessing welfare that combines economists’ techniques with those of psychologists, and relies on more expansive notions of utility than does conventional economics. Research based on this approach highlights the factors—in addition to income—that affect ... Read more
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The ‘Death of Distance’
What does it mean for economic development?
Nicholas Crafts
Volume 6, Number 3, 2005, pages 1 - 14
This paper considers the implications of falling transport and communications costs for the spread of economic activity around the world. The evidence suggests that location has been and continues to be an important determinant of income levels. The Information and Communications Technologies (ICT) ... Read more
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Migration and Development
A new research and policy agenda
Dhananjayan Sriskandarajah<