Tag Archives: China

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China’s strong growth has been extensively reported and debated due to its significant impacts on the prices and volumes of commercial flows during the last few decades. The economic behavior of China is fundamental given that it has one of the highest Gross Domestic Products (GDP) in the world (second only to the United States) and that it has a population that makes up approximately 15 percent of the world’s total.

The 2012 ECLAC document ‘Panorama of the International Insertion of Latin America and the Caribbean’ contains information that allows an analysis of China’s influence on international commerce to be performed. The data are presented in the following table. Read More »

By Edvin Arnby Machata

The international development community has for almost two decades focused on improving governance as a strategic priority for aiding economic growth. This article points to the historical record and argues that 1) growth does not require good governance, 2) good governance and representative institutions are products of economic development – not the other way around, and that 3) the configuration of national institutions determine whether a political order will produce developmental outcomes or not.

‘Good governance’ has been a mainstay component in most donor-funded development programmes during the last two decades. What exactly constitutes good governance is empirically problematic, but while implementations vary, demands for good governance generally include provisions to minimize graft and increase respect for human rights.

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Poverty is more than an income measure or financial disadvantage. It is also a state of mind, a feeling of anxiety, and it forms the perception that society has of individuals, and even the perception these individuals have of themselves. It is because of this that people living in poverty face so many limitations, ones that go beyond the mere size of their wallet. They experience a lot more stress and social pressure. Those who consider poor people to be lazy treat them as if they were inferior, and, in turn, poor people try to mask their poverty in order to receive better treatment. Read More »