Mongolian Economic Development Strategy

Casino Gambling as an Economic Development Strategy

Abstract: Casino gambling has experienced dramatic growth in the USA during the past seven years. Because this growth has occurred recently, there have been few systematic studies of its effects. This paper uses quasi-experimental control group methods to study 68 counties where casinos were opened during the period 1989-93 and three multi-casino counties. Results show that casino gambling is a...

Development Strategy, Viability, and Economic Convergence

The paper argues that an economy’s industry/technology structure is endogenously determined by the economy’s endowment structure. For the convergence to occur, the government of an LDC should target the upgrading of endowment structure instead of the industry/technology structure in its development strategy. If the government chooses to pursue an industry/technology structure, which is inconsis...

Towards an Alternative Strategy of Economic Development in Punjab

This paper examines long-term trends in growth and structural change of the economy of Punjab. The evolution of the structure of the Punjab economy reveals that Punjab has overstayed in agriculture. This overstay is leading to economic and ecological disaster. The slowdown of the agriculture sector has impacted and stunted the growth of other sectors of the economy and resulted in the marginali...

Development Strategy and Economic Institutions in Less Developed Countries

BOOK REVIEWS The China Miracle: Development Strategy and Economic Reform

China has created an economic miracle since its economic reforms began in the late 1970s, becoming the fastest growing economy in the world. Gross domestic product has grown at an average rate of 10 percent annually for the past 18 years, and personal income and living standards have improved significantly. China may become the world’s largest economy early next century. The great success of Ch...