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Economics

Weber’s Protestant Ethic Revisited: Explaining the Capitalism We Take for Granted

Posted: August 17, 2017 at 2:48 pm   /   Development, Economics, Web Articles

Author Edmund Ruge revisits the German Sociologist Max Weber’s theory of international development to see how Weber’s theory, as expressed in his classic book The Protestant Ethic and the Spirit of Capitalism are still relevant today in the field of international development. Edmund Ruge then juxtaposes Weber’s theory of development with two other theories of development that were proposed by Karl Marx and Georg Wilhelm Friedrich Hegel.

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Populism in Retreat? Energy Liberalization and Reform in Mexico and Saudi Arabia – Part II

Posted: June 19, 2017 at 2:57 pm   /   Economics, Regional, Web Articles

In this two-part series, authors Seth Clare and Samer Mosis explore how low oil prices spurred energy reforms in Mexico and Saudi Arabia, and provided them with an incidental vaccine to the populist contagion infecting more diversified, developed economies. While such reforms will likely be painful for many in the short-term, they concede that the long-term economic growth these changes will support are well worth their costs.

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Populism in Retreat? Energy Liberalization and Reform in Mexico and Saudi Arabia – Part I

Posted: June 18, 2017 at 4:21 am   /   Economics, Regional, Web Articles

In this two-part series, authors Seth Clare and Samer Mosis explore how low oil prices spurred energy reforms in Mexico and Saudi Arabia, and provided them with an incidental vaccine to the populist contagion infecting more diversified, developed economies. While such reforms will likely be painful for many in the short-term, they concede that the long-term economic growth these changes will support are well worth their costs.

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Empowering the 99%: Technology Upgrades by Small Businesses Can Boost Productivity and Growth in Latin America

Posted: May 3, 2017 at 7:58 pm   /   Development, Economics, Regional, Web Articles

Author Valentin Sierra demonstrates how ICT adoption by small and medium-sized enterprises (SMEs) can spur long-term gains in firm productivity, competitiveness, and facilitate economic development in Latin America.

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Reliance on Oil and Gas Imports and Economic Growth – India’s New Challenge

Posted: April 27, 2017 at 6:15 pm   /   Economics, Web Articles

Authors Simi Mehta and Mohsin Amin provide a snapshot of India’s energy demand and import scenario and discuss relevant government schemes for fuel efficiency. In addition to offering policy prescriptions, they conclude that due to geopolitical uncertainties and fuel price volatility, India urgently needs to integrate growth in the energy sector with its overall economic growth strategy, and simultaneously ensure the sustainability of the environment.

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