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This article presents a discussion of E. M. Bernstein's paper about the financial problems of economic development. Bernstein discusses five facets of this problem: to decrease the size of the development program, to energize the inflow of foreign capital, to encourage domestic savings, to gather together the available resources, and to allocate the resources available to the private sector in a way that will stimulate the greatest increase in production. The author believes that this analysis leaves no room for argument.

Provides an overview of the research on the implementation of the new public management in developing countries. Purpose of the research; Modes of organizational reform; List of papers published in the research program.

The fifth‐generation (5G) technology is seen to be a solution for developing countries to improve their quality of services in terms of transportation, education, health, agriculture, and other fields, thereby holding the promises of economic transformation by improving productivity and the quality of life. The paper considers some of the challenges that face operators, investors, and providers when planning to introduce 5G technology to developing countries. The main focus of this paper is the 5G transport network, in particular, the backhaul network. The 5G transport network architectural options and scenarios are discussed based on several standards and previous studies, the problems of existing infrastructures of developing countries are investigated, and new proposed technologies that may help to address those challenges are considered. [ABSTRACT FROM AUTHOR]

The aim of this paper is to examine the relationships between financial development (FD), economic complexity and country stability. To achieve this objective, this paper applies a finite mixture model to a sample of 92 developing countries over the period 1995–2018. The study posits that the effect of FD on economic complexity differs across groups of countries with similar but unobserved characteristics. The study finds that the effect of FD on economic complexity varies across four classes of countries, which differ according to their level of economic, political and financial stability. Furthermore, the study argues that stable countries are more likely to be in class 1, including more performing countries – that is, the group of countries where FD spurs economic complexity. This finding remains consistent even when alternative measures of FD and economic complexity are considered. Hence, efforts by developing countries to undertake sound reforms to reduce economic, political and financial risks could help leverage the benefits of FD in fostering the development of sophisticated and complex economies. [ABSTRACT FROM AUTHOR]

The UN General Assembly is the central forum of world politics. While it formally allows the member states to delegate up to five representatives, the size of the national delegations is generally larger and significantly increases over time. In this paper, I explore the size of the national delegations to the General Assembly from 1993 to 2016. Generally, the major powers (USA, Russia) send the biggest delegations. Surprisingly, China sends significantly smaller delegations than it used to before 2008. Big delegations are also sent by some small (Sweden, Finland, Norway, Switzerland) or developing countries (Nigeria, Bangladesh). My analysis shows that national capacities and issue‐specific motivations drive up the delegation size. Although the issue‐specific explanations are relatively rare in UN‐related research (due to the general‐purpose nature of the organisation), I argue that human rights, international security, economic development, and UN governance are the agendas for which states care about the General Assembly. [ABSTRACT FROM AUTHOR]

Energy is pivotal for sustainable economic growth. Undoubtedly, the role of the composition of the export basket (measured as economic complexity) is one of the crucial variables influencing energy consumption. Despite its importance, the existing body of literature does not intensively study the relationship between economic complexity and total energy consumption. Therefore, this study's primary aim was to examine the effect of economic complexity on energy consumption in a case study of 21 developed and 44 developing countries for the period 1971–2014. In this context, economic complexity expresses the level of sophistication of a country's export basket. This paper considers energy prices and income as explanatory variables in Durbin‐H panel cointegration analysis and applies a cointegration test with structural breaks to check for the long‐run relationships. For the long‐run estimations, we employ the augmented mean group method and dynamic seemingly unrelated regression. The findings reveal that economic complexity increases energy consumption in developing countries while it decreases energy consumption in developed countries. This is an important insight for countries concerned about their energy dependence. The diversification of their production and export baskets can reduce energy needs. The paper finally presents policy recommendations based on the empirical estimates. [ABSTRACT FROM AUTHOR]

The article discusses a paper by Pinelopi Koujianou Goldberg and Tristan Reed that explores the role of market size in economic development and poverty reduction. The paper argues that market size is a significant constraint on development and that conventional development policies may not be fully effective. The authors present evidence that supports their perspective and propose measures of market size. However, the article also highlights the potential negative effects of international integration on domestic producers and raises questions about the strong version of the argument. It suggests that other factors, such as macro policies and commodity prices, may have contributed to the recent economic growth and poverty reduction in developing countries. The article concludes by discussing the changing global context and the need to focus on domestic demand for sustained economic development. [Extracted from the article]

The low‐carbon transition involves achieving the coordinated development between economic development and carbon reduction. This paper utilises an integrated decomposition and econometric framework to reveal the influence mechanism and convergence evolution of carbon emission intensity (CEI) across 29 OECD countries in the period 1992–2018. The country‐level low‐carbon transition efforts are then investigated. The results imply that: (1) The reduction in CEI is primarily attributed to the changes in economic development and energy intensity. The carbon emission coefficient effect also negatively influences CEI. The impact of energy consumption per capita, however, is negligible. (2) According to econometric analysis, energy intensity, energy mix, carbon emissions per capita and energy use per capita have positive impacts on CEI. Specially, GDP per capita shows an inverted U‐shaped curve relationship with CEI. (3) There is evidence of convergence in CEI across developed countries. Energy intensity plays a crucial role in accelerating the CEI convergence process, implying a half‐life of 3 years. (4) Fifteen European countries have made strong low‐carbon transition efforts among all countries. Denmark has made the largest efforts, South Korea the least. This study provides important implications for low‐carbon economy transition. [ABSTRACT FROM AUTHOR]

Cooperatives play important role in economic development via multiple channels, particularly, in developing countries' cases. Considering this fact, Nepal's constitution 2017 has incorporated the cooperative as one of the three pillars of her economy. This paper aims to analyze the role of cooperatives in the economic development of Nepal. For this, first, this paper documents the trend and pattern of Nepalese cooperatives' evolving structure, then moves to the econometric estimation to analyze the role of cooperatives in economic growth employing an advanced methodology. Looking at the properties of time series data for the period of 49 years from 1970 to 2018, the autoregressive distributed lag (ARDL) approach of cointegration is employed. The major finding is that the development of the cooperatives has a long‐run relationship with economic growth. However, the focus should be seen as on the involvement of many people in the cooperatives' activities rather than just on amassing the cooperatives' capital. The results also suggest that there is a need for the attention of policymakers so ensure that share capital contributes to economic growth. Therefore, the areas of priorities and scope of work of cooperatives need to be reconsidered when formulating new policies related to cooperatives. [ABSTRACT FROM AUTHOR]

The article discusses various reports published within the issue including one by Alan Gelb et al which discusses the performance of different groups of countries with an emphasis on better-performing low-income countries and another by Ji Hong Kim which examines Korea's economic development.

Fair trade has never been more popular, with worldwide sales soaring. This editorial to the special issue of Sustainable Development on ‘Fair trade, business and sustainable development’ introduces the topic and papers within the special issue. It discusses the success of the ‘fairtrade’ brand and the impacts of fair trade schemes as well as the future of the brand. The paper concludes that this alternative trading system does work in practical terms and in helping marginalized producers in developing countries. Copyright © 2005 John Wiley & Sons, Ltd and ERP Environment. [ABSTRACT FROM AUTHOR]

The main aim of this paper is to examine the threshold impact of financial development and trade liberalization on income inequality as a measure of sustainable development in a sample of developed and developing countries using panel threshold analysis. Two major dimensions of financial development are considered: liquid liabilities and stock market capitalization. The empirical results revealed that financial development reduces income inequality only in countries where their GDP per capita is above ~US$11,000. It has no significant impact in reducing inequality in developing countries. This implies that institutional reforms in less developed and developing countries are necessary in order to reap the gains from financial development. Trade liberalization is found to have a positive impact on income inequality for both country groups—that is, trade benefits have worsened the income distribution. [ABSTRACT FROM AUTHOR]

This article presents information regarding the problems faced by the developing countries in their course of development. The problems faced by the developing countries of the world are numerous and of critical importance. These problems include those of industrialization and economic development, of changing traditional social institutions such as stratification and power mechanisms so that they facilitate rather than inhibit modernization, and of providing ever-increasing percentages of citizens with an education that teaches the economic and social skills requisite to assuming rewarding roles in a changing society. However, in the array of social and behavioral sciences that have been brought to bear upon the problems of developing countries, social psychology has been noticeably absent. Anthropologists have carried over their interest in traditional societies to include concern with the problems these societies face in the processes of modernization and development, particularly as these processes affect values and institutions such as the family and religion.

Migration is key to economic development, with varying implications and uneven impacts on origin and destination regions. This paper examines the variation in the major drivers of migration within and across continental blocs and the OECD in a gravity framework. The empirical model uses bilateral migration flow data for 182 countries over a 25 year period (1990–2015) while controlling for push and pull drivers of migration. The novelty of the study rests in the added dimension of the variation in the impact of migration drivers that is based on the direction of migration flow. The results suggest that migration drivers vary significantly across several economic blocs based in different regions and OECD countries. We find that the weight and significance of the impact of migration drivers vary significantly based on the direction of flow across continental blocs and the OECD, although some similarities exist in some regions regardless of the direction of migration flow. The results specifically show that economic and socio‐cultural drivers of migration are strongest when migration originates in continents dominated by developing countries and terminates in other continents, compared to migration that originates and terminates within the continents. This raises some anomalies and several issues of potential policy intervention. [ABSTRACT FROM AUTHOR]

This paper looks at corporate income taxes in developing countries from both an empirical and a theoretical perspective. Many economic principles about corporate income taxes apply equally in advanced and developing economies, but some characteristics of developing economies lead to different trade-offs. These include fewer locational rents and generally lower administrative capacity. Empirically, corporate income tax developments broadly resemble those in advanced economies, but there are important differences too, such as a greater reliance on tax incentives, reflected in a gradual narrowing - rather than broadening - of tax bases in combination with tax cuts. Detailed analysis using effective tax rates reveals various distortions including a preference for certain assets, and strong tax advantages of debt finance over equity finance, particularly in high-inflation environments. An empirical analysis of correlations between country-specific features and the likelihood of using tax incentives shows that countries offering low tax rates also tend to offer tax incentives, but that they cut their standard rates by substantially less than other countries between 1996 and 2007. [ABSTRACT FROM AUTHOR]

The link between gender inequality and economic growth is a topic that is of growing interest, both in the academic literature and the policy arena. In this paper, we survey the literature that analyses this relationship from a macroeconomic perspective. We argue that that the existing theories provide a wide range of mechanisms through which these two variables may affect each other but also that more work needs to be carried out to obtain quantitative predictions out of these models. In the empirical arena, we note the lack of connection between most studies and the existing theories described earlier. In both cases, we propose approaches to alleviate these problems. Copyright © 2013 John Wiley & Sons, Ltd. [ABSTRACT FROM AUTHOR]

This paper addresses the challenges of measuring the labor income share of developing countries. The poor availability and reliability of national account data as well as the fact that self‐employed—whose labor income is hard to capture—account for a major share of the workforce and often work in the informal sector render its computation difficult. Consequently, measuring the labor share requires assumptions. I consult social accounting matrices in addition to national account data to gain information on the production structure and self‐employed incomes in developing countries. The final data set covers about 90 developing countries from 1990 to 2011. The data suggest that the finding of declining labor shares of previous studies also applies to the sample of low and middle‐income countries. Furthermore, I find the labor share in developing countries to be about one‐half in size and hence less than the standard "two‐thirds" in economic literature. [ABSTRACT FROM AUTHOR]

The relationship between foreign aid and economic growth has been the subject of much controversy. A recent theme suggesting that aid promotes growth, but only in a good policy environment has ratchet up that debate. In this paper, we assess the importance of policy and aid in generating growth when the aid, policy, and growth relationship is nonlinear. This allows us to examine the varying effects of aid and policy in different data segments, which we do without imposing any particular structure on the underlying relationship. We find that policy is an important determinant of growth. We also find partial corroboration of the view that aid is growth enhancing in a good policy environment, and some evidence of diminishing returns to aid. These findings suggest that nonlinearities if not appropriately addressed fail to capture the detailed underlying dynamics and thereby mask some key features of the aid-policy-growth relationship. [ABSTRACT FROM AUTHOR]

This paper presents an empirical analysis of the factors which promote entrepreneurial activity across a number of transition, developing and developed countries. It produces results which highlight the importance of institutions in promoting entrepreneurial activity. This work is part of an on-going research project on the relationship between the legal system and factors which influence economic development. In particular, it has been shown that legal rules protecting creditors and investors influence the size of financial markets which in turn influence economic development. Our paper thus extends the analysis of the impact of institutions beyond that previously established to demonstrate its influence on another driver of economic development. Copyright © 2005 John Wiley & Sons, Ltd. [ABSTRACT FROM AUTHOR]

Using a unique hand‐collected dataset of 1,251 European Union banks and 20,850 foreign affiliates hosted in 154 countries, this paper investigates how both host country and home country regulations affect the decision on where and how to go abroad in developing countries as opposed to developed countries. We find that banks prefer high‐income countries with numerous activity restrictions and weaker supervision but less developed countries with less restrictions and stronger supervision. In all cases, they avoid locations with stronger capital regulation than at home. Regarding the choice of foreign organizational form (branches versus subsidiaries), banks rather operate subsidiaries in both high and middle‐income countries with stringent entry requirements but prefer branches in developing countries with stringent capital requirements and greater supervisory power. Our findings contribute to the literature examining bank internationalization and have several policy implications for regulatory reforms in developing and developed countries. [ABSTRACT FROM AUTHOR]