To acquaint and elevate awareness of people with the values of a society based on separation of church and state, human rights, and secular democracy for changing the culture of legal, social, and political processes as well as preserving mankind's creative products and heritages for the betterment of life by means of a spectrum of activities.
Industrial Policy in Emerging Markets
Industrial policy has been a controversial issue among economists. While some economists consider the industrial policies instrumental in the industrialization of recently industrialized economies, the others think the outcomes would be better if these polices were not implemented. The attitudes towards industrial policy have undergone changes over the years. Until 1980s industrial policy was theoretically justified and implemented in many developing and advanced economies. With the Washington Consensus industrial policy has lost its attraction. However, in recent years particularly after the Great Recession, and now with Covid-19 pandemic the role of state in economic policy is debated and industrial policy is becoming an essential part of economic policy in many countries. This study examines the experiences of some selected emerging economies in designing and implementing industrial polices and outcomes they arrived at. The evaluation is conducted in two stages. The first stage is based on the trend analysis of a number of economic indicators such as GDP in the eight economies selected. In the second stage industrial policies are evaluated in more detail in South Korea, Brazil, and Vietnam. The relationship between the policies and economic performance indicators in the distinct policy periods are explored empirically.
This report is an introduction to Nordic economies (consists of the countries of Denmark, Norway, Sweden, Finland, and Iceland, as well as, the Faroe Islands, Greenland, and Åland). The big interest they attract is not proportional to their small size. Their economic and social performance throughout the recent history is remarkable. Nordic countries rank at the top when compared to other countries in many economic and social criteria. There has been a large amount of studies done on questions, such as, the existence of a Nordic model, replicability and uniqueness of this model.
Globalization, Trade, Productivity and Development
Globalization is the integration of economies, industries, markets, cultures and policy-making around the world, as defined by the Financial Times. Initially, globalization referred to international trade – increased interconnectedness of product markets, but gradually expanded to include international capital flows, labor markets and migration, and recently broader areas such as culture, media, sports and entertainment.
A Comparative Review of Economic Performances of Egypt, Iran and Turkey (and South Korea as a Benchmark)
The report is to review and compare economic developments in Egypt, Iran, and Turkey. The goal is to describe established stylized facts since the 1960s and try to draw brief conclusions from these. Comparisons with South Korea and the World economy on indicators such as growth, productivity, inequality, poverty, unemployment, and access to health and education are instructive.
This report demonstrates that while the impact of globalization on individual countries has been varied depending on their political and social environment, it is likely that globalization spurred economic growth, creating employment in developing countries and helped reduce absolute poverty across the globe. The report also shows that human development indexes are higher with higher globalization indexes. Most people in the world are probably better off in terms of income, health, and education compared with their situation three decades ago. A relatively low level of inflation during this period was probably largely due to globalization with the increase in the number of less expensive places of production.