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This paper examines the state and scope of the study of economic history of developing regions, underlining the importance of knowledge of history for economic development. While the quality of the existing research on developing countries is impressive, the proportion of published research...
In this paper we take for granted that the poverty of Sub-Saharan Africa is to a large part explained by its political and economic institutions. As citizens Africans do not have the incentives to save and invest, as politicians they do not have the incentive to provide public goods. We focus on...
This paper reflects on ‘late development’, or more precisely, ‘late industrialization’: the idea that the industrialization of one part of the world altered the possibilities for industrialization elsewhere, such that later industrializations would take different forms from the original...
Inequality estimates derived from household consumption expenditure surveys (Susenas) suggest that economic inequality in Indonesia was comparatively moderate during the rapid economic transition in the Suharto era (1966–1998). Yet the expenditure distribution concept and problems of...
The international financial crisis that started in 2007 and the subsequent end of the long expansion in South Africa has refocused attention on the business cycle. Prior to the crisis, the economies of both developed and developing countries experienced an extended period of low and stable...
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