Digital Commons Network^™

Vietnam's Economic Transformation: Embracing Change, Vu Khoan, Philip Charles Zerrillo

Asian Management Insights

The former Deputy Prime Minister of Vietnam from 2002 to 2006, Mr Vu Khoan, talks about the transformation of the country from economic isolationism to its current economic strength, in this interview with Philip Zerrillo.

Human-Scale Economics: Economic Growth And Poverty Reduction In Northeastern Thailand, Joel D. Moore, John A. Donaldson

Research Collection School of Social Sciences

Under what conditions does economic growth benefit the poor? One way to answer this question is to identify and compare positive and negative outlier areas, those that experience greater and lesser poverty reduction, respectively, compared to what was anticipated given their levels of economic growth. The more similar these areas, the more leverage there is to unearth the factors that allow the poor to benefit from growth. In this paper, we employ an inductive approach to glean possible pathways out of poverty from two highly similar underdeveloped neighboring provinces in northeastern Thailand. Using extensive fieldwork and interviews, we explore factors …

Development Of Utility Theory And Utility Paradoxes, Timothy E. Dahlstrom

Lawrence University Honors Projects

Since the pioneering work of von Neumann and Morgenstern in 1944 there have been many developments in Expected Utility theory. In order to explain decision making behavior economists have created increasingly broad and complex models of utility theory. This paper seeks to describe various utility models, how they model choices among ambiguous and lottery type situations, and how they respond to the Ellsberg and Allais paradoxes. This paper also attempts to communicate the historical development of utility models and provide a fresh perspective on the development of utility models.

Let There Be Light: Social Enterprise, Solar Power, And Sustainable Development, Tonia Warnecke

Faculty Publications

Energy poverty is a major problem in the developing world, with nearly 1.3 billion people lacking household electricity. Strikingly, the electrification rate is not only low, but is falling in many countries as population growth outpaces efforts to give more people access to electricity. Seizing the opportunities presented by rapid changes in technology and the availability of renewable energy at continually falling costs, social enterprises have begun to light the darkness and fill in the gap between the public and private provision of electricity. We review the extent of energy poverty and explain why neither the public, nor the private …

Education And Leadership: Indispensable For Nigeria's Economic Development, Olusegun Obasanjo, Philip Charles Zerrillo

Asian Management Insights

The former President of Nigeria (1999 to 2007), Olusegun Obasanjo, talks about the nation’s evolving transformation in this interview with Philip Zerrillo.

The Future Of Agriculture In Cameroon In The Age Of Agricultural Biotechnology, Audrey Ball

Independent Study Project (ISP) Collection

The President of the Republic declares that the development of Cameroon depends on agriculture, the economic sector which currently generates 23% of gross domestic product and employs 62% of the population. Today, national strategy to bring about agricultural progress includes the experimentation of genetically modified organisms (GMOs), which Cameroon intends to commercialize in 2019. This paper examines the obstacles impeding agriculture today, while uncovering the current stage of experimentation and debate around GMOs. The study also evaluates the inclusion of stakeholders in the debate around the future of agriculture. Research was conducted through interviews of government officials, civil society organizations, …

Sanctions Under The Eu Generalised System Of Preferences And Foreign Policy: Coherence By Accident?, Clara Portela, Jan Orbie

Research Collection School of Social Sciences

This article investigates the relationship between the European Union's withdrawal of trade benefits for developing countries under the Generalised System of Preferences (GSP) and its sanctions under the Common Foreign and Security Policy (CFSP). Our expectation is that GSP withdrawals and CFSP sanctions will not cohere. However, our research reveals that GSP suspension has been coherent with CFSP sanctions when the latter exist prior to the decision-making process on GSP sanctions and when the International Labour Organisation has set up a Commission of Inquiry condemning the country, as with Myanmar/Burma and Belarus. The presence of separate institutional frameworks explains the …

Challenges Of Respecting Riparian Rights Around Hydroelectric Dams In Cameroon Since 1949, Séverin Nwaha

Journal for the Advancement of Developing Economies

The impact of electric energy on socio-economic development has attracted the attention of all categories of people in society. This is because of the role power plays in the economic and industrial sectors of any country. Public authorities seem to be more concerned with protecting capitalist interests at the detriment of the riparian population. Despite regulations and legal provisions, authorities are still not able to implement a rigorous policy in this sector in Cameroon due to administrative bottle necks, among other factors. Furthermore, the existence of multiple regulatory and management bodies creates confusion. Legislation related to this issue is usually …

Enhancing Poor And Middle Class Earning Capacity With Stock Acquisition Mortgage Loans, Robert Ashford, Demetri Kantarelis

Economics, Finance and International Business Department Faculty Works

In this article, to enhance the earning capacity of poor and middle class people (who in recent years have suffered a substantial decline in their share of national income), we propose a new loan which facilitates acquisition of financial capital with the future earnings of financial capital acquired and we discuss some possible strengths and weaknesses of such an approach. According to our analysis, there is an undeveloped market for the broader distribution of future capital income in which the price (cost) paid for acquisition of securities to realize such future capital income plays a crucial role. More specifically, we …

Macroconstants Of Development: A New Benchmark For The Strategic Development Of Advanced Countries And Firms, Andrey V. Bystrov, Vyacheslav N. Yusim, Tamilla Curtis

Publications

This research proposed a new indicator of countries’ development called “macroconstants of development”. The literature review indicates that the concept of "macroconstants of development" is not used at the moment in neither the theory nor the practice of industrial policy. Research of longitudinal data of total GDP, GDP per capita and their derivatives for most countries of the world was conducted. An analysis of statistical information has been done by employing econometric analyses.

Based on the analysis of the statistical data, which characterizes the development of large, technologically advanced countries in ordinary conditions, it was identified that the average acceleration …