Evidence suggests that after a period of convergence in the early and mid-1990s, the euro area economies may have started diverging. As a consequence, the common monetary policy could become well-suited for a number of countries. This paper studies the extent and severity of the recent divergences, and discusses the capacity of exposed countries to [...]
Strategic Community Economic Development and Small Business: Cooperation for Sustainability
This thesis aims to increase the knowledge and capacity of Canadian communities and their small businesses in order to enable their transition towards sustainability. This was accomplished through interviews with Canadian Community Economic Development (CED) experts, and surveys from Small Business (SB) operators in Canmore, Alberta, Canada. We suggest the potential roles for CED proponents [...]
Pattern of Foreign Direct Investment in Emerging Economies: An Exploration
Until recently major part of FDI flows had been among developed economies with similar relative factor endowments, income levels and market institutions such as property rights regimes. Consequently, major theoretical streams of FDI in economics could simplify FDI as a substitute for intra-industry trade by incorporating transportation costs and economies of scale (multi-plants). In the [...]
Economic Growth in China: During the Period of 1980-2003
Prior to China’s open-door policy, China was considered among one of the worlds’ most isolated economies. However, that changed when they allowed the market force to go before central planning, and decided on an outward orientation for their development strategy. This was a sign indicating that China allowed foreign trade to play a leading role [...]
Creative City Assessment of Riga, Tallinn and Vilnius
The aim of this study is to investigate the current status of the capitals of the Baltic States according to the Creative Class Theory. With increasing role of knowledge, creativity and innovation in the today’s economy, the role of the Creative Capital increases. Riga, Tallinn, and Vilnius are the capitals of the Baltic States, experiencing [...]
Foreign Collaborations in India A Study of Patterns in the Pre and the Post- liberalisation Era
Developing countries like India have been using import of technology through foreign collaboration as a strategy to bridge the technological gaps in the country, to expedite economic development. There have not been many studies, however, to understand its impact and implications for technological capacity building of the country, and the deficiencies to be overcome for [...]