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Full-Text Articles in Income Distribution
Public Actors In Private Markets: Toward A Developmental Finance State, Robert Hockett, Saule Omarova
Public Actors In Private Markets: Toward A Developmental Finance State, Robert Hockett, Saule Omarova
Saule T. Omarova
The recent financial crisis brought into sharp relief fundamental questions about the social function and purpose of the financial system, including its relation to the “real” economy. This Article argues that, to answer these questions, we must recapture a distinctively American view of the proper relations among state, financial market, and development. This programmatic vision – captured in what we call a “developmental finance state” – is based on three key propositions: (1) that economic and social development is not an “end-state” but a continuing national policy priority; (2) that the modalities of finance are the most potent means of …
Determining The Directional Flows Of Foreign Direct Investments In The Asean Region: Key Macroeconomic And “Doing Business” Indicators Affecting The Direction Of Asean Fdi Inflows And Its Impact On Intra- And Extra-Asean Trade, Roberto Raymundo
Angelo King Institute for Economic and Business Studies (AKI)
Job creation, increasing household income, and the improvement of living standards do not only depend on the provision of adequate social services and government infrastructure support, but more so, on the growth and expansion of private sector investments. The creation of new jobs and the expansion of manufacturing productive capacity are roles better performed by the private sector rather than by governments constrained by the amount of resources that they can mobilize through taxation.