Reasons for Remitting
Oded Stark
Volume 10, Number 3, 2009, pages 147 - 158
This article presents a set of reflections on what gives rise to remittances, which constitute a major part of the impact of migration on economic development in the migrants’ own countries. The collage of reasons presented serves to illustrate that remittance behaviour is the outcome of an intricat ... Read more
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The New Economic Powers (NEPs)
Leadership opportunities post-crisis
Danny Leipziger & William O’Boyle
Volume 10, Number 3, 2009, pages 43 - 80
In the wake of the global financial and economic crises, much attention has been focused on large developing economies, particularly the BRICs, and their role in the new economic landscape. Focusing on trends in demographics and output, the emergence of the BRICs crystallised the notion that there w ... Read more
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The Dangers of Déjà Vu Economics
Graham Bird
Volume 10, Number 1, 2009
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The World Financial Crisis
New economy, globalisation and old-fashioned philosophy
F. Gerard Adams
Volume 10, Number 1, 2009, pages 45 - 58
The world financial crisis of 2008 is a consequence of new financial technologies, new accounting methods and new international linkages. These developments have come at a time when governments have returned to an old-fashioned free market philosophy. This paper links the systemic financial/economic ... Read more
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The Oil-producing Gulf States, the IMF and the International Financial Crisis
Bessma Momani
Volume 10, Number 1, 2009, pages 13 - 24
As the finance-strapped International Monetary Fund (IMF) was placed at the centre of coordinating funding and offering ideas to navigate out of the international financial crisis, it became clear that the international community needed to reinvigorate the emerging market economies’ role in the orga ... Read more
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The Effectiveness of IMF Surveillance
A study on global financial governance
Biagio Bossone
Volume 9, Number 4, 2008, pages 27 - 54
IMF surveillance of the international monetary and financial system is a global
public good. Its effectiveness depends critically on the dynamics that underpin
the mechanisms governing the IMF and global finance. These dynamics, in turn,
reflect the interests and power of influence of countries ( ... Read more
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Bringing Balance to the IMF Reform Debate
Domenico Lombardi
Volume 9, Number 4, 2008, pages 13 - 26
This paper summarises the outcome of formal discussions among scholars,
former policymakers and senior officials of International Monetary Fund (IMF)
member countries that took place in 2007–08 regarding the future of the
IMF and how its responsiveness to member countries might be improved. It
r ... Read more
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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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A Dynamic Theory of China–U.S. Trade
Making sense of the imbalances
Amar Bhidé & Edmund Phelps
Volume 8, Number 3, 2007, pages 7 - 25
China's trade surplus with the U.S. is now more than a quarter of the U.S. trade deficit and, with China growing faster than the U.S., raises questions about its future course. Some media commentators term the chronic trade surplus "mercantilist" but offer no persuasive motive for it. Academics taki ... Read more
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Prospects for Commodity Exporters
Hunky Dory or Humpty Dumpty?
Paul Collier & Benedikt Goderis
Volume 8, Number 2, 2007, pages 1 - 15
Those low-income countries that export non-agricultural commodities are in the midst of a resource transfer. It is undoubtedly the biggest opportunity for transformative development that these societies have experienced, dwarfing both aid and previous commodity booms. To get it in proportion, in 200 ... Read more
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Agricultural Reform and Trade Negotiations
Can the Doha Round deliver?
Kimberly Ann Elliott
Volume 7, Number 4, 2006, pages 125 - 144
In this essay, Kim Elliott examines the patterns of support for agriculture across countries and commodities in the industrialized world. She then summarizes the approach to reducing trade-distorting support that came out of the Uruguay Round, and concludes with a discussion of the implications for ... Read more
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Are We Heading for a Dollar Crisis?
Graham Bird
Volume 7, Number 1, 2006, pages 159 - 174
The US balance of payments current account deficit is in excess of 5 per cent of GDP. Is this sustainable? A loss of confidence in the dollar could lead to foreign investors selling dollars and to a sharp dollar devaluation. In principle, there could be a dollar crisis. But how likely is it? This pa ... Read more
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Making Capitalism Work for Everyone
Raghuram Rajan & Luigi Zingales
Volume 7, Number 1, 2006, pages 1 - 10
There is a widespread belief that free markets do not benefit the common person, let alone the poor: they are only an instrument for the rich to get richer. Not only is this belief false, but in fact the opposite is true. Free markets are the single most important tools to eliminate poverty and spre ... 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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Save the Planet: Sell Carbon
David Pearce
Volume 1, Number 3, 2000, pages 61 - 79
This article examines the political economy of agreements on global greenhouse emissions reduction. The author explains the complex emissions trading mechanisms set up under the 1997 Kyoto Protocol and considers the likely size and structure of a future market for emissions credits. ... Read more
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