This analysis first of all shows with the latest empirical regional and other statistics of the OECD the true dimension of the Lisbon gap between Europe and the Western overseas democracies. The neo-liberal politicy consensus in Europe always assumed that the continuation of neo-liberal...

With a budget of 308 billion euros, the EU structural funds are alongside agriculture (418 billion euros) the largest item of the EU budget. 12 percent of the funds, according to the Court of Accountability of the European Parliament end up in wrong channels, and in the international press...

In this paper we analyze the Lisbon performance of the countries of the European Union from a long-term, structural perspective. It again turns out that first of all things get worse, before they get better – the old wisdom of classical development economics (Kuznets) and political science...

Starting from Professor Kornai's assertion about the necessity to focus on the long-term perspectives of the transformation process, we analyze in this paper the Lisbon performance of the countries of the European Union from such a long-term, structural perspective.

This paper revisits one of the classic debates on world capitalist development – the ‘transition to capitalism’ debate framed in Robert Brenner’s classic critique of World Systems and Dependency Theory. It was originally presented to the July 2007 conference of the International...

Prepublication version of ‘When things go wrong: the Political Economy of Market Breakdown’ in Westra; R and Alan Zuege (Eds) (2003) Value and the World Economy Today: Production; Finance and Globalization; pp91-118. London:MacMillan; ISBN: 1 40390 002 7 This paper constructs a theoretical...

The paper analyses a new leximetric dataset for India relating to the protection of shareholders of the limited liability corporate sector and examines the impact of the changes in the shareholder protection law on economic development through stock market development. It finds no long-term...

Recent empirical studies concerning the impact of foreign direct investment (FDI) on economic development have all been taking into account FDI as a whole. However, the theoretical literature on the topic argues that more attention should be devoted to distinguishing FDI by type, and suggests...

This work consists of two essays on law and finance in international trade. It addresses the means of raising funds for investment through receivables financing and project finance. The first essay discusses the role of receivables financing and in particular factoring in international trade. It...

This article was published in a Capital and Class symposium on the 1987 crash. Its analysis retains its full force in 2009. It compared the 1987 and the 1929 crash, and explored the historical similarities between the long US postwar decline and the UK’s, from the mid-nineteenth century. It...