Lesotho is one of the poorest countries in the world. After reviewing the growth and poverty debate, which suggests that policy reforms and economic growth have largely failed to contribute to the alleviation of poverty ...

Previous empirical literature focuses on income per capita as a measure for economic development. Using Lipset's modernization hypothesis as our theoretical framework, we contend that this measure does not capture the ...

The paper develops a monetary endogenous growth model of a financially repressed small open economy, characterized by curb markets, capital mobility, transaction costs in domestic and foreign capital markets, and a flexible ...

This study evaluates the impact of monetary policy on the economic growth of a small and open economy like that of South Africa. Structuralists contend that changes in money supply (M3) and inflation (CPI) are not significantly ...

This article commences with a historical perspective on state and economy in order to arrive at a characterisation of the nature of a constitutional state, in terms of the differently-natured legal spheres within a ...

Hierdie artikel toets die hipotese : Is groeiende welvaart teenoor armoede 'n nul-som spel? Die hipotese staan teen die agtergrond van die stelling : Die rykes word ryker en die armes word armer. Hierdie stelling laat ...

South Africa, as an upper middle-income, resource-intensive developing country with an open economy, has to find innovative ways to combat poverty, promote economic growth and reduce the intensity of resource use, ...