scholarly journals Debt Laffer Curve for South Asian Countries

2001 ◽  
Vol 40 (4II) ◽  
pp. 705-720 ◽  
Author(s):  
Muhammad Aslam Chaudhary ◽  
Sabahat Awar
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
South Asian ◽  
Foreign Debt ◽  
Normal Growth ◽  
Developed Countries ◽  
Asian Countries ◽  
Increasing Trend ◽  
Increase Productivity ◽  
The Developed Countries

The inflow of foreign capital is generally seen as an accelerating force to economic growth, due to provision of additional resources, and these funds are considered complementary to local savings. It could also help to transfer technology and, therefore, increase productivity. Besides it enhances purchasing power of the recipients [Mullick (1988)] and as a result stimulates growth. The purpose of foreign debt is to increase real transfer of resources from the developed countries to the developing countries, so that these countries could pick up momentum of economic growth and as a result improve their welfare.1 The rapid increase in the external debt obligations of the developing countries, during the 1970s, had given rise to concerns about the dangers of increasing trend in interest and amortisation payments and, therefore, this situation posed a threat to debtor countries. The foreign debt of the developing countries has become a threat to their economic growth. The debt servicing of some of the LDC’s exceeded to their growth rates.2 Initially, most analysts believed that debt servicing problem would be temporary. It was hoped that creditworthiness and more normal growth of most of the countries would be restored with the influx of foreign resources. However, the debt crises have demonstrated that this assessment was optimistic and seemed never to be realised.3

ICT in Regional Development

2005 ◽  
pp. 387-392
Author(s):  
Saundarjya Borbora ◽  
Mrinal Kanti Dutta
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Regional Development ◽  
Developing Economies ◽  
Developed Countries ◽  
The World ◽  
Information And Communication ◽  
Increase Productivity ◽  
Internet Connections ◽  
The Developed Countries

Economic development and information and communication technology (ICT) are found to move together in the present day era of globalization. ICT can contribute significantly in economic development of a region by providing adequate information at the minimum of time and cost, thereby enhancing productivity in different sectors of an economy. This fact is substantiated by several studies (Kraemer & Dedrick, 2001; Pohjola, 2001). Some country specific studies like that of Singapore (Wong, 2001) also highlighted similar results. ICT diffusion in the world has been quite rapid since the mid 1990s. While the developed countries have benefited substantially from the ICT growth, the developing countries could not reap similar benefits out of it which has resulted in emergence of a digital divide across the countries (Economist, 2000; Nkrumah, 2000; Norris, 2001). This divide is noticed not only across countries but also within a country and this is more prominent in developing economies like India. ICT diffusion is another area which needs more attention in India as it will lead to ICT access and application of ICT in real sectors to increase productivity and output. During the past one decade India has made rapid advances in ICT growth as reflected in the increase in the number of Internet connections and users. The growth of Internet connections and users in the country is shown in Table 1.

scholarly journals Export Earnings, Capital Instability and Economic Growth in South Asia

2003 ◽  
Vol 8 (1) ◽  
pp. 65-89
Author(s):  
Muhammad Aslam Chaudhary ◽  
Amjad Naveed
Keyword(s):  
Economic Growth ◽  
South Asian ◽  
Foreign Capital ◽  
Developed Countries ◽  
Export Diversification ◽  
Asian Countries ◽  
The Impact ◽  
The Relationship

During the last two decades the role of international trade and flow of foreign capital have received considerable attention in the literature. Various studies have examined the impact of export instability and capital instability on economic growth in less developed countries.1 Empirical evidence supports the hypothesis of a deleterious impact of export instability on economic growth. However, some studies also indicated that the relationship was unstable but positive with economic growth.2 Yet there are no systematic empirical investigations into the implied links between export diversification and long-term economic growth, particularly in the case of South Asian countries. The major concern regarding export instability is that it retards economic growth.

ICT in Regional Development

2008 ◽  
pp. 351-358
Author(s):  
Saundarjya Borbora ◽  
Mrinal Kanti Dutta
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Regional Development ◽  
Developing Economies ◽  
Developed Countries ◽  
The World ◽  
Information And Communication ◽  
Increase Productivity ◽  
Internet Connections ◽  
The Developed Countries

Economic development and information and communication technology (ICT) are found to move together in the present day era of globalization. ICT can contribute significantly in economic development of a region by providing adequate information at the minimum of time and cost, thereby enhancing productivity in different sectors of an economy. This fact is substantiated by several studies (Kraemer & Dedrick, 2001; Pohjola, 2001). Some country specific studies like that of Singapore (Wong, 2001) also highlighted similar results. ICT diffusion in the world has been quite rapid since the mid 1990s. While the developed countries have benefited substantially from the ICT growth, the developing countries could not reap similar benefits out of it which has resulted in emergence of a digital divide across the countries (Economist, 2000; Nkrumah, 2000; Norris, 2001). This divide is noticed not only across countries but also within a country and this is more prominent in developing economies like India. ICT diffusion is another area which needs more attention in India as it will lead to ICT access and application of ICT in real sectors to increase productivity and output. During the past one decade India has made rapid advances in ICT growth as reflected in the increase in the number of Internet connections and users. The growth of Internet connections and users in the country is shown in Table 1.

scholarly journals Les effets sur l’emploi des échanges de produits manufacturés entre pays développés et pays en développement

2005 ◽  
Vol 18 (2) ◽  
pp. 285-304
Author(s):  
Bela Balassa
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Indirect Effects ◽  
Developed Countries ◽  
Employment Creation ◽  
Pays En Développement ◽  
Manufactured Goods ◽  
Small Decline ◽  
The Developed Countries ◽  
Pays En Developpement

This paper examines prospective changes in employment associated with the expected expansion of trade in manufactured goods between the developed and developing countries over the next decade. It appears that, on balance, the developed countries would experience net employment creation as a result of this trade, and there would be only relatively small decline of employment in their import-substituting industries. In turn, the developing countries would gain employment through increased export that would further contribute to their economic growth, with favorable indirect effects on employment.

scholarly journals The Relationship between Labor Productivity and Economic Growth in OECD Countries

2017 ◽  
Vol 9 (5) ◽  
pp. 71 ◽  
Author(s):  
Suna Korkmaz ◽  
Oya Korkmaz
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Labor Productivity ◽  
Panel Data Analysis ◽  
Developed Countries ◽  
Oecd Countries ◽  
Factor Productivity ◽  
The Developed Countries ◽  
Partial Factor Productivity ◽  
The Relationship

In the course of globalization, the countries entered into an intense competition between each other. In order to achieve the competitive advantage, countries pay significant importance to the technological advancements. By improving the productivity, the technological innovations and developments allow the countries to make production at lower costs. The increase in factor productivities would enable higher levels of output in the economy. Since the factor productivity influences many other factors and the developed countries meet these criteria better than developing countries do, the factor productivities are higher in developed countries, when compared to those in developing countries. For this reason, in this study, the relationship between labor productivity, which is a partial factor productivity, and economic growth in seven OECD countries for the period between 2008 and 2014 by utilizing the panel data analysis method. According to the test results, we find a unidirectional causality relationship from economic growth to labor productivity.

scholarly journals SUSTAINABLE DEVELOPMENT GOALS CHALLENGES AND STRATEGIES FOR SOUTH ASIAN COUNTRIES

2021 ◽  
Vol 9 (2) ◽  
pp. 464-474
Author(s):  
Muhammad Reehan Hameed ◽  
Hafsah Batool ◽  
Arman Khan ◽  
Iftakhar Ahmed ◽  
Naeem Ur Rehman
Keyword(s):  
Sustainable Development ◽  
South Asian ◽  
Sustainable Development Goals ◽  
Developed Countries ◽  
World Health ◽  
Asian Countries ◽  
The World ◽  
Asian Economies ◽  
Development Goals ◽  
The Developed Countries

Purpose of the study: Sustainable Development Goals (SDGs) proposed by the United Nations (UN) in 2015 comprising a universally acceptable worldwide development agenda which each country of the world has to achieve till 2030. The purpose of this study is to examine the socio-economic and political transformational challenges confronted to South Asian Countries (SA) i.e. Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka, in achieving the targets of Sustainable Development Goals (SDGs). Methodology: The study uses different statistics of World Bank, International Monetary Fund (IMF), World Health Organizations (WHO), and Food and Agriculture Organization (FAO) to give a comprehensive picture of South Asian economies and the challenges which they are currently facing for achieving the targets of Sustainable Development Goals (SDGs). In our preliminary analysis, the methodology highlighted the issues of South Asian Countries such as poverty (SDG 1), healthy lives and well-being (SDG 3), inclusive and equitable quality education (SDG 4), sustained, inclusive, and sustainable economic growth, full and productive employment and decent work for all (SDG 8)". Principal Findings: The statistics presented regarding South Asian economies exhibit a dismal picture. At present, the attainment of these stipulated goals seems impossible and remains elusive if some serious measures have not been taken. The role of DCs and the world community as a whole is significant in this regard. To save the planet from extreme poverty, hunger, malnutrition, equitable access to modern technology, improved education and health for all human beings, the developed countries should give at least one percent of their GNP in the form of development assistance to poor countries. The study suggests that good governance that could undertake and implement structural reforms is necessary to deal with the challenges confronting to South Asian countries in achieving the targets of these stipulated goals. More importantly, the Developed Countries (DCs) started to implement their strategies to view SDGs' targets. Now it is a dire need that DCs should assist the Under Developed Countries (UDCs) and help them from their experience in identifying the transformational challenges which they possibly have to face in achieving SDGs' targets. Otherwise, it looks impossible for the UDCs to come up with these targets till 2030. Applications of this study: The study highlighted some key challenges that South Asian countries face to achieve the targets of Sustainable Development Goals (SDGs). The study outcomes can prove very much helpful for South Asian countries for achieving these targets and devising thriving economic policies generous to attaining their targets till 2030.  Novelty/Originality of this study: This study gives a brief picture of the current position of the South Asian countries where they stand regard to Sustainable Development Goals' targets. Moreover, the results and policy recommendations presented at the end of the study provides help to deal with the challenges that are big hindrances in achieving the targets of these SDGs.

ICT in Regional Development

2008 ◽  
pp. 66-73
Author(s):  
Saundarjya Borbora ◽  
Mrinal Kanti Dutta
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Regional Development ◽  
Developing Economies ◽  
Developed Countries ◽  
The World ◽  
Information And Communication ◽  
Increase Productivity ◽  
Internet Connections ◽  
The Developed Countries

Economic development and information and communication technology (ICT) are found to move together in the present day era of globalization. ICT can contribute significantly in economic development of a region by providing adequate information at the minimum of time and cost, thereby enhancing productivity in different sectors of an economy. This fact is substantiated by several studies (Kraemer & Dedrick, 2001; Pohjola, 2001). Some country specific studies like that of Singapore (Wong, 2001) also highlighted similar results. ICT diffusion in the world has been quite rapid since the mid 1990s. While the developed countries have benefited substantially from the ICT growth, the developing countries could not reap similar benefits out of it which has resulted in emergence of a digital divide across the countries (Economist, 2000; Nkrumah, 2000; Norris, 2001). This divide is noticed not only across countries but also within a country and this is more prominent in developing economies like India. ICT diffusion is another area which needs more attention in India as it will lead to ICT access and application of ICT in real sectors to increase productivity and output. During the past one decade India has made rapid advances in ICT growth as reflected in the increase in the number of Internet connections and users. The growth of Internet connections and users in the country is shown in Table 1.

scholarly journals An Optimal Pollution Control Model for Environmental Protection Cooperation between Developing and Developed Countries

2020 ◽  
Vol 17 (11) ◽  
pp. 3868 ◽  
Author(s):  
Liyuan Liu ◽  
Jing Zhu ◽  
Yibin Zhang ◽  
Xiding Chen
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Social Welfare ◽  
Pollution Control ◽  
Developed Countries ◽  
Control Model ◽  
Paris Agreement ◽  
Common But Differentiated Responsibilities ◽  
The Developed Countries ◽  
Developing And Developed Countries

With the continuous increase in greenhouse gas emissions in the world and the United States announcing withdrawal from the Paris Agreement, the conflicts between environmental protection and economic growth of developing and developed countries have become increasingly challenging. In this paper, following the principle of “common but differentiated responsibilities” specified in the Kyoto Protocol and the Paris Agreement, we develop an optimal pollution control model based on a dynamic system for both developing and developed countries. We analyze how different perspectives of the developing and developed countries affect their investments in pollution control and how to determine their responsibilities based on the principle of common but differentiated responsibilities. Our aim is to obtain a stable equilibrium mechanism to maximize the social welfare between the developing and developed countries and explore the optimal pollution control and economic growth path. Our results show that it is optimal for the developed countries to help developing countries with pollution control in their initial stage of economic growth. Once the developing countries reach a certain economic development level, they can contribute more to pollution control, while the developed countries can reduce their environmental investment. We show that by following this optimal path, the developing and developed countries can effectively control environment pollution without significant loss of social welfare.

International Economic Assistance in the 1970's — A Critique of Partners in Development (Review Article)

1970 ◽  
Vol 10 (4) ◽  
pp. 469-490
Author(s):  
Nurul Islam
Keyword(s):  
Developing Countries ◽  
Foreign Aid ◽  
International Aid ◽  
Developed Countries ◽  
Armed Conflicts ◽  
Economic Assistance ◽  
Self Help ◽  
Service Charge ◽  
The Developed Countries ◽  
Defence Expenditure

Foreign economic aid is at the cross-roads. There is an atmosphere of gloom and disenchantment surrounding international aid in both the developed and developing countries — more so in the former than in the latter. Doubts have grown in the developed countries, especially among the conservatives in these countries, as to the effectiveness of aid in promoting economic development, the wastes and inefficiency involved in the use of aid, the adequacy of self-help on the part of the recipient countries in husbanding and mobilising their own resources for development and the dangers of getting involved, through ex¬tensive foreign-aid operations, in military or diplomatic conflicts. The waning of confidence on the part of the donors in the rationale of foreign aid has been accentuated by an increasing concern with their domestic problems as well as by the occurrence of armed conflicts among the poor, aid-recipient countries strengthened by substantial defence expenditure that diverts resources away from development. The disenchantment on the part of the recipient countries is, on the other hand, associated with the inadequacy of aid, the stop-go nature of its flow in many cases, and the intrusion of noneconomic considerations governing the allocation of aid amongst the recipient countries. There is a reaction in the developing countries against the dependence, political and eco¬nomic, which heavy reliance on foreign aid generates. The threat of the in¬creasing burden of debt-service charge haunts the developing world and brings them back to the donors for renewed assistance and/or debt rescheduling.

Wadhwa, Charan D. and MukulG. Asher (eds.). ASEAN-SOUTH ASIA Economic Relations. Singapore: Institute of Southeast Asian Studies. 1985. ix+384pp.

1988 ◽  
Vol 27 (3) ◽  
pp. 336-338
Author(s):  
Muhammad Hussain Malik
Keyword(s):  
Developing Countries ◽  
South Asian ◽  
Southeast Asian ◽  
Asian Countries ◽  
Asian Studies ◽  
Economic Relations ◽  
Rigorous Research ◽  
Southeast Asian Studies ◽  
The Right ◽  
Policy Proposals

The need to enhance their economic relations with each other has long been felt by developing countries. However, their efforts in this regard have met with limited success. One of the reasons for this could be that not much serious work has been done to understand the complexities and possibilities of economic relations of developing countries. The complementarities which exist among the economies of these countries remain relatively unexplored. There is a lack of concrete policy proposals which developing countries may follow to achieve their often proclaimed objective of collective self-reliance. All this needs serious and rigorous research efforts. In this perspective, the present study can be considered as a step in the right direction. It examines trade and other economic relations of developing countries of two regions of Asia-South Asian countries and member countries of the Association of Southeast Asian Nations (ASEAN). The study also explores ways and means to improve economic relations among these countries

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