Analysis based on models of (i) matching, (ii) network externalities, (iii) trade fragmentation, and (iv) resource supply on technological progress, shows that longer-term trends set in motion, from new technology enabled global sourcing, improve equity. Firms in emerging markets gain more...

With international trade spluttering amidst the Great Recession, there is renewed interest in the factors driving firm-level export performance in Asia’s super exporter—The People’s Republic of China (PRC). While early studies suggested that innovation was important, there...

It has long been realised that factor accumulation and technological development are only proximate causes of economic development, and focus has now shifted to investigating the deeper determinants of economic growth. Two such forces are highlighted in literature : institutions and geography....

Developed countries have made a concerted effort to change and dismantle UNCTAD over a period of nearly 15 years. It may take the developing countries many years to revive and reinvent the organization. But, UNCTAD must recover its voice and regain the support and respect of developing countries...

Following the Hausmann, et al. (2005) methodology, we attempt to identify the constraints to growth in Pakistan. We argue that governance failure and institutional shortcomings are the heart of the matter : corruption is rampant, judicial independence is low, educational institutions do not...

This paper examines several indicators of effective development aid, focusing on the contributions of major bilateral donors. The empirical analyses of selectivity for effective aid delivery revealed that, taking a long-term and regional perspective, some major donors including Japan have...

Based on the variable rate of gross domestic product per capita growth and its sources, this paper first identifies five phases of economic development that are common to China, Japan, and Korea : M (Malthusian), G (government-led), K (à la Kuznets), H (human capital based) and PD (post...

This essay provides a game-theoretic, endogenous view of institutions, and then applies the idea to identify the sources of institutional trajectories of economic development in China, Japan, and Korea. It stylizes the Malthusian-phase of East Asian economies as peasant-based economies in which...

This study looked at the sustainability of the growth and development of business process outsourcing (BPO) in the Philippines. It was prompted by the sectors spectacular growth in several of its subsectors, mainly contact call centers, medical transcription, animation, and software development....

Among fast growing developing countries, India is distinctive for the role of the service sector. However, sceptics have raised doubts about both the quality and sustainability of the increase in service sector activity and its implications for economic development. Using National Accounts...