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Economic Reform and the Process of Global Integration
WHEN T H E BROOKINGS Panel on Economic Activity began in 1970, the world economy roughly accorded with the idea of three distinct economic systems: a capitalist first world, a socialist second world,
Natural Resource Abundance and Economic Growth
One of the surprising features of modern economic growth is that economies with abundant natural resources have tended to grow less rapidly than natural-resource-scarce economies. In this paper we
Sources of Slow Growth in African Economies
This paper offers some econometric evidence on the sources of slow growth in Sub-Saharan Africa. The evidence suggests that the continent's slow growth can be explained in an international
Economic Convergence and Economic Policies
Many of the crucial debates in development economics are encapsulated in the question of economic convergence. Is there a tendency for the poorer countries to grow more rapidly than the richer
Natural Resources and Economic Development The curse of natural resources
This paper summarizes and extends previous research that has shown evidence of acurse of natural resourcesa } countries withgreat natural resource wealthtend nevertheless to grow more slowly than
Portfolio capital flows : hot or cold?
A distinction is often made between short-term and long-term capital flows: the former are deemed unstable hot money and the latter are deemed stable cold money. Using time-series analysis of balance
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