This subject is selected for study, since it is directly connected with the growth of our economy. In our earlier period after independence, more emphasis was put for to make the country selfsufficient. However, that is true to be more harmful for the growth of our economy. It is then felt that the development and growth of economy, an all encompassing, comprehensive view needs to be taken for ...

The previous chapter provided a detailed introduction to empirical data concerning the long run growth of the world economy as a whole and to the international economic relations prevailing among nearly 100 nation states. In this chapter we intend to explore within a simple theoretical model the driving forces behind the apparently unbounded growth of the global market economy, and for the mome...

Following EU’s Lisbon strategy development of knowledge-based economy has become one of the headline objectives for the government of Latvia. In this paper we conceptualize driving forces and responses of government’s commitment towards this objective. We investigate feedback loops that underlie dynamics of knowledge industry development. Increase in domestic Research and Development (R&D) acti...

Twenty-three scientists met at Krobielowice, Poland to discuss the role of growth, nutrition and economy on body size. Contrasting prevailing concepts, re-analyses studies in Indonesian Guatemalan school children with high prevalence stunting failed provide evidence for an association between nutritional status height. Direct effects parental education growth that were not transmitted via shown...

This paper is a reply to Barry Ickes' critique of my paper “Trust versus Illusion: What is Driving Demonetization in Russia?” in which I show that the data reject Barry Ickes' Virtual Economy explanation of barter in Russia in favor of an institutional explanation based on the lack of trust. JEL Classification: D20, G30, O10, P30