Are the poor different?

Article Abstract:

A book coauthored by Richard Agenor and Peter Montiel on Third World economic policies, sparks the debate on whether or not all developing countries need the same economic model to manage their economies. A critic argues that some developing nations share a few, but not all, economic traits.

Column, Economic policy, Developing countries

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The poor and the rich

Article Abstract:

The neoclassical growth model of the 1950s implies that growth slows with expanding capital and that poor countries will grow at a faster rate than rich countries. This hypothetical model has not proven to be true and in the 1990s economists are challenging this old school of thought.

Research, Cover Story, Economic development, Distribution (Economics)

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Economics focus: Averse to reality

Article Abstract:

The way in which economic theory handles risk is discussed. The expected-utility model and the theory of loss aversion are examined.

Risk (Economics)

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