Agriculture and the wealth of nations

Article Abstract:

Agricultural land in developing countries, is considered to have a vast share of a country's resources, as evidenced by a decline in share when the percentage of income allotted to food also declines. Although the decline relies on the rate of economic growth, agricultural land should not be used as a basis for the production of future world food supplies. Key factors that may control the surplus of food production in developing countries include knowledge and research, accessibility of nonfarm inputs at inexpensive rates, and governmental policies affecting incentives.

Agriculture, Crop Production, Agricultural economics, Food supply

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Multinationals, linkages, and economic development

Article Abstract:

The impact of multinational corporations on underdeveloped areas through the creation of linkages is examined. Findings indicate that the linkage effect on the host country would be more beneficial if the products that multinationals manufacture utilize intermediate goods intensively, when communication between the headquarters and the factory is very expensive, and when the home and host countries are not too different in the kinds of intermediate goods manufactured.

Multinational Corporations, International business enterprises

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Speed of policy reform and outcomes

Article Abstract:

Governments believe that slow introduction of policy reform is needed to achieve potential growth. However, some researchers have stated that there is little empirical evidence on the connection between specific policy reforms and growth. Elements of policy whose connection with growth yet to be examined are gross domestic credit, budget deficit/GDP, international reserves, investment share in GDP, and foreign capital inflows.

Administration of General Economic Programs, Intnl Economic Policy, Research, Reports, Economic policy, Economic research, Economic development, International economic relations

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