The purpose of this paper is to examine small businesses in Sri Lanka, to determine the management implications, and to discuss its relevance to the current public policy stance. Although there has been a considerable attempt to examine the nature and problems of small businesses in developed...

The paper demonstrates how trade between developing countries can cause the divergence of long-run growth among these countries. The model describes two symmetric countries trading with each other and the industrial rest of the world. Bilateral trade occurs at any moment if the countries have...

An effective legal and regulatory framework is essential in order to attract private investment into the telecommunications sector of most transitional and developing (TDCs) and to ensure that the TDC has the best chance of achieving the benefits for the country as a whole that flow from a...

This paper analyzes optimal paths in a one-sector growth model when the technology is not convex. In such a case, we prove that optimal paths converge to the upper steady state iff the initial wealth is above a critical level. Then we first show that thanks to debt and/or R&D the poverty trap...

This paper develops a framework for making decisions on the type of infrastructure to build and where to build. The Basic intuition is that by deriving the marginal physical products of installed infrastructure, we can prioritize infrastructure investment of the same type among regions, and of...

Chapter 1 of this paper argues that punlic sector resources in developing countries are insufficient to finance demand for investment in increasingly integrated infrastructure services. Chapter 2 discusses the role of reforms in public enterprises providing infrastructure services. Chapter 3...

Indonesian tourism policy has generally been top-down and biased towards attracting international mass tourism and encouraging large, capital intensive projects. However, this paper examines locally owned, bottom-up tourism that developed to service backpackers (budget tourists). Recent...

This paper develops a Cournot duopoly in which a domestic firm competes with a technologically more advanced foreign-owned firm on the home market.

This paper develops a Cournot duopoly in which a domestic firm competes with a technologically more advanced foreign-owned firm on the home market.