Financing technology poses a special challenge to economic institutions for several reasons. The paper examines these reasons both theoretically and empirically, focusing on the U.S. market as the leading financial center capable of providing imaginative solutions and on the Arab countries as a case study of developing economies facing a financial and institutional constraints.
This paper revisits the role of manufacturing and services in economic development in the light of the following new facts: (a) a faster growth of services than that of manufacturing in many developing countries (DCs). (b) The emergence of Òde-industrialisationÓ in several DCs at low levels of per capita income. (c) Jobless growth in the formal sector even in fast growing countries such as India and (d) a large expansion of the informal sector in both fast growing and slow growing DCs.
This paper offers an alternative interpretation of China’s development model. Like the conventional story described above, it too argues that the current model is unsustainable. However, it is not the “domestic” consequences of over-investment and excessive growth that are the reasons. Instead, the reason is China’s “external” impact on the global economy, which threatens to trigger a world recession that will rebound and embrace China.
The aim of this Working Paper is to broaden the debate on “pro-poor growth”. An exclusive focus on the income dimension of poverty has neglected the non-income dimensions. After an examination of prominent views on the linkages between economic growth, inequality, and poverty reduction this paper discusses the proper definition and measurement of pro-poor growth.
This essay provides an overview of current trade patterns between New England and China. It was prepared for a symposium sponsored by The Boston Athenaeum comparing New England’s present-day trade with China to the region’s prominence in the U.S.-China trade of the 19th century. The essay concludes that a special trade relationship between New England and China does not exist at the present time.
This paper is concerned with two questions. What are the major problems facing Canadian cities in the 21st century? (The City of Toronto is used as an example). Are large amalgamated cities or decentralized cities better suited to compete in the 21st century?
Throughout the early and recent history of central banking in the U.S., England, Europe, and elsewhere, financing governments, managing exchange rates, and supporting economic sectors by using “direct methods” of intervention have been among the most important tasks of central banking and, indeed, in many cases, were among the reasons for their existence, according to the author.
The study provides information on the history of manufacturing and exports in Indonesia as a source of economic development.
The purpose of the paper is to identify and assess the role of technology in the long-run growth of Korea. The development in manufacturing technology has provided inter-industry spill-over effects to the primary and the tertiary industry.
This paper attempts to explore why some economies accumulate more human capital than others. Using a sample of more than 200 metropolitan areas in the U.S. over the years 1980, 1990, and 2000, the results reveal two consistently significant correlates of human capital growth.