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Full-Text Articles in International Economics
New Institutional Economics: Political Institutions And Divergent Development In Costa Rica And Honduras, Maynor Alberto Loaisiga Bojorge
New Institutional Economics: Political Institutions And Divergent Development In Costa Rica And Honduras, Maynor Alberto Loaisiga Bojorge
Honors Projects
For most of their histories, Costa Rica and Honduras were primarily agricultural societies with little economic diversification. However, around 1990, after the implementation of Washington Consensus reforms, the economies of both nations began to diverge. Costa Rica’s economy rapidly expanded for the following 30 years, while Honduras remained stagnant. Through a New Institutional Economics approach, I argue that institutional differences between Costa Rica and Honduras are responsible for the impressive economic growth Costa Rica has been able to achieve in the past few decades. Specifically, early political developments in Costa Rica have deeply imbedded relatively egalitarian values into the population, …
The Role Of Conflict In Sub-Saharan Africa, Samy Lemos
The Role Of Conflict In Sub-Saharan Africa, Samy Lemos
CMC Senior Theses
Sub-Saharan Africa is the provider of many critical natural resources. With such resources, one would expect these countries to have thriving economies. Why is the opposite case true? To answer such a question, this paper examines a few critical causes that may justify the current economic situation these African countries are experiencing. Specifically, the paper observes the economic impact of civil war and terrorist conflict in sub-Saharan Africa from 1971 to 2016. To explore the changes in GDP per capita for all these years, this thesis sheds light on three independent variables: year of conflict, education level, and foreign direct …