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... income inequality in less developed countries. Many development aids are not used for their destined projects as they are usually diverted to other non-productive programs an act which Van de Walle (2012) and other scholars have termed as fungibility of aid. Sometimes the aid ends up in bank accounts of the few high ranking civil servants and politicians. In a nutshell ... ...
... production stage and the dynamic comparative advantage in each hosting countries. A significant shift in the international division of labor among the Pacific Basin countries since the mid-1980's was the de-emphasis of labor-intensive production techniques in the NICs, and the reloacation of these production lines from the NICs to ASEAN and China in accordance with technology heirachies in hosting ... ...
Abstract External debt today poses one of the biggest barriers to development for many of the worlds less developed countries (LDC's). Excessive external debt is often responsible for the stagnation of economic growth given that the uncertainty it creates discourages the private sector from investing in the economy for fear about the stability of the government, and it also discourages public investment and reforms given that policy makers are aware that any benefits would be likely to be transferred abroad in the form of debt servicing. I will in this paper, present some arguments for and aga...
