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Books > Business & Economics > Economics > Development economics

Routledge Library Editions: Development Mini-Set F: Development Economics (Hardcover): Various Routledge Library Editions: Development Mini-Set F: Development Economics (Hardcover)
Various
R113,867 Discovery Miles 1 138 670 Ships in 10 - 15 working days

Routledge Library Editions: Development will re-issue works which address economic, political and social aspects of development. Published over more than four decades these books trace the emergence of development as one of the most important contemporary issues and one of the key areas of study for modern social science. The books cover the most important themes within development and include studies of Latin America, Africa and Asia. Authors include Sir Alexander Cairncross, W. Arthur Lewis, Lord Peter Bauer and Cristobal Kay. An extensive collection of previously hard to access or out of print books, this set presents an unrivalled opportunity to build up a wealth of material in the field of development studies, with a particular focus upon economic and political concerns. The volumes in the collection offer both a global overview of the history of development in the twentieth century, and a huge variety of case studies on the development of individual nations.

Transition Economics - Two Decades On (Hardcover): Gerard Turley, Peter Luke Transition Economics - Two Decades On (Hardcover)
Gerard Turley, Peter Luke
R5,805 Discovery Miles 58 050 Ships in 10 - 15 working days

Celebrating twenty years of transition from socialism to capitalism, this book is designed to be the core textbook for undergraduate courses in transition economics and comparative economic systems. Given the passage of time, Transition Economics: Two Decades On reviews and accounts for the outcomes in the so-called transition economies and, from an academic perspective, takes the reader through developments and issues in the twenty years of transition from plan to market.

Treating its subject matter thematically, the book incorporates much of the transition economics literature and evidence that have evolved over the past two decades. In particular, the authors focus on the most important aspects of economic transition, including:

  • the initial conditions at the outset of transition
  • paradigms and patterns of transition
  • the main transition policies and economic reforms
  • the performance of transition countries and firms
  • the lessons from transition.

The textbook covers a wide range of both contemporary microeconomic and macroeconomic issues, in over thirty ex-socialist European and Asian countries, including Russia and China.

Transition Economics: Two Decades On is more than just a book about a particular part of the world or the transformation that was experienced at a particular time in history. The authors believe that the study of the economics of transition gives the reader an insight into theories, policies, reforms, legacies, institutions, processes and lessons that have application and relevance, beyond the specific transition from plan to market, to other parts of the world and to other times in history.

RLE: Development (Hardcover): Various RLE: Development (Hardcover)
Various
R276,261 Discovery Miles 2 762 610 Ships in 10 - 15 working days

Routledge Library Editions: Development will re-issue works which address economic, political and social aspects of development. Published over more than four decades these books trace the emergence of development as one of the most important contemporary issues and one of the key areas of study for modern social science. The books cover the most important themes within development and include studies of Latin America, Africa and Asia. Authors include Sir Alexander Cairncross, W. Arthur Lewis, Lord Peter Bauer and Cristobal Kay. An extensive collection of previously hard to access or out of print books, this set presents an unrivalled opportunity to build up a wealth of material in the field of development studies, with a particular focus upon economic and political concerns. The volumes in the collection offer both a global overview of the history of development in the twentieth century, and a huge variety of case studies on the development of individual nations. For institutional purchases for e-book sets please contact [email protected] (customers in the UK, Europe and Rest of World)

Spatial Microsimulation for Rural Policy Analysis (Hardcover, 2013 ed.): Cathal O'Donoghue, Dimitris Ballas, Graham... Spatial Microsimulation for Rural Policy Analysis (Hardcover, 2013 ed.)
Cathal O'Donoghue, Dimitris Ballas, Graham Clarke, Stephen Hynes, Karyn Morrissey
R4,186 R3,380 Discovery Miles 33 800 Save R806 (19%) Ships in 10 - 15 working days

The aim of this book is to explore the challenges facing rural communities and economies and to demonstrate the potential of spatial microsimulation for policy and analysis in a rural context. This is done by providing a comprehensive overview of a particular spatial microsimulation model called SMILE (Simulation Model of the Irish Local Economy). The model has been developed over a ten year period for applied policy analyis in Ireland which is seen as an ideal study area given its large percentage of population living in rural areas. The book reviews the policy context and the state of the art in spatial microsimulation against which SMILE was developed, describes in detail its model design and calibration, and presents example of outputs showing what new information the model provides using a spatial matching process. The second part of the book explores a series of rural issues or problems, including the impacts of new or changing government or EU policies, and examines the contribution that spatial microsimulation can provide in each area.

Technology and Developing Economies - The Impact of Eastern European Versus Western Technology Transfer (Hardcover, New):... Technology and Developing Economies - The Impact of Eastern European Versus Western Technology Transfer (Hardcover, New)
Zeinab Karake-Shalhoub
R2,045 Discovery Miles 20 450 Ships in 10 - 15 working days

This is the first empirical study to compare and contrast the effects of technology transfer to developing countries from the West and from Eastern European countries. The author's primary purpose is to compare the effects of the different technologies offered by the two groups--the capital-intensive technologies of the West and the labor-intensive technologies of the Eastern bloc--on the economic growth of developing countries, as measured by growth in output. Using an analytical method based on the production-input structure, the author is able to quantify the impact on economic growth of technology transfer from different sources and with different characteristics. Karake also evaluates the experience of developing countries in importing technologies and identifies the direction, pattern, and content of those technologies. Scholars in international and economic development will find Karake's work an important contribution to the documented information concerning the trade in technology and its relation to economic growth and technological interdependence.

Following an introductory chapter, Karake offers a general discussion of the relationships among development, growth, and technology. She then introduces the econometric time-series models and describes the basic study structure. The next section examines policies, mechanisms, and trends in technology transfer in both the West and the East, focusing on such issues as the factors and policies which affect technology transfer to the Middle East and patterns of technological exports. A chapter devoted to model formulation, empirical analysis, estimation, and results specifies the empirical models used in the study and presents statistical analysis of the appropriate data. Finally, Karake summarizes the major research findings, suggests avenues for further research, and assesses the future of technology transfer activity. Four appendices containing important supplemental information and a bibliography complete the study.

Poverty, Hunger, and Democracy in Africa - Potential and Limitations of Democracy in Cementing Multiethnic Societies... Poverty, Hunger, and Democracy in Africa - Potential and Limitations of Democracy in Cementing Multiethnic Societies (Hardcover)
D. Bigman
R2,674 Discovery Miles 26 740 Ships in 18 - 22 working days

"The book evaluates alternative policy options for the African countries to overcome the food crisis and the changing structure of world trade to sustain their impressive growth of the early 2000s. These policies must go beyond economic reforms and seek a solution to the entrenched political problems that divided the continent"--Provided by publisher.

Climate Change Adaptation and International Development - Making Development Cooperation More Effective (Hardcover): Ryo... Climate Change Adaptation and International Development - Making Development Cooperation More Effective (Hardcover)
Ryo Fujikura, Masato Kawanishi
R4,644 Discovery Miles 46 440 Ships in 10 - 15 working days

Climate change impacts upon the world's poorest most heavily. It is therefore essential that international development initiatives focus on improving the ability of developing countries to adapt to the effects of climate change. This book, a product of research by the JICA-RI (Research Institute of the Japan International Cooperation Agency), examines climate change adaptation from the perspective of development cooperation in order to provide useful lessons for those engaged in research, policy and practice in this vital area. In this book the editors have brought together a wide range of case studies from across Africa and Asia, covering urban and rural areas and different sectors including water, agriculture and disaster management, in order to examine the following: high-resolution climate change projection in Asia and how this can be used in planning appropriate adaptation responses; in-depth case studies of climate change projections, social, economic and environmental impact and vulnerability assessment and adaptation in rural Thailand and urban Philippines; cases across Africa for which climate data is less readily available and alternative approaches need to be adopted; the current situation amongst international donors; emerging issues caused by climate change. In the introductory section, the editors draw together the full implications from the case studies to discuss how international communities can support adaptation in developing countries and to give an assessment of bilateral projects. They reflect on the lessons learned and offer recommendations for future research and international development cooperation.

Trade and Developing Countries (Hardcover): Kathryn Morton, Peter Tulloch Trade and Developing Countries (Hardcover)
Kathryn Morton, Peter Tulloch
R5,505 Discovery Miles 55 050 Ships in 10 - 15 working days

This reissue, initially published in 1977, is an introduction to contemporary trading positions and problems of developing countries. The authors examine the main export options of Third World countries and consider the roles of the key international organisations -- GATT, UNCTAD, etc -- and those of national governments and foreign investors. The authors complete their review with an examination of the way in which numbers of developing countries have tried to diversify their trade relations, particularly by creating Third World trading groups. Contemporary economic difficulties and their impact upon the Third World is also discussed, with the authors displaying a guarded optimism about real changes in world economic relations, citing factors such as the spread of trade among developing countries and the increase processing of raw materials as potential for the wider participation of developing countries in international trade.

Development Theory - Four Critical Studies (Hardcover): David Lehmann Development Theory - Four Critical Studies (Hardcover)
David Lehmann
R4,482 Discovery Miles 44 820 Ships in 10 - 15 working days

The studies in this book, first published in 1979, offer an all-encompassing contemporary critique of the sociology, politics and economics of development as they are a ~conventionallya (TM) taught and disseminated.

They also seek to outline the beginnings of a new approach, while not sparing from criticism the simplistic of contemporary radical theories. The reissue will prove of significant interest to the teaching of development studies at both undergraduate and post-graduate levels.

Urbanisation and Planning in the Third World - Spatial Perceptions and Public Participation (Hardcover): Robert Potter Urbanisation and Planning in the Third World - Spatial Perceptions and Public Participation (Hardcover)
Robert Potter
R4,649 Discovery Miles 46 490 Ships in 10 - 15 working days

First published in 1985, this book reconsiders the whole question of urbanisation and planning in the Third World. It argues that public involvement, which is now an accepted part of Western planning, should be used more in Third World cities. It shows that many inhabitants of Third World cities are migrants from rural areas and have very definite ideas about what the function of the city should be and what it ought to offer; and it goes on to argue that therefore a planning process which involves more public participation would better serve local needs and would do much more to solve problems than the contemporary approach.

Real Leadership Matters - How We Choose Our Leaders and Why (Hardcover): Rob Day Real Leadership Matters - How We Choose Our Leaders and Why (Hardcover)
Rob Day
R443 R411 Discovery Miles 4 110 Save R32 (7%) Ships in 18 - 22 working days
Oil, Transition and Security in Central Asia (Paperback): Sally Cummings Oil, Transition and Security in Central Asia (Paperback)
Sally Cummings
R1,501 Discovery Miles 15 010 Ships in 10 - 15 working days

Approaching Central Asia from the perspective of geopolitics, transition, oil and stability, the authors provide a very broad and diverse analysis of the region, examining domestic and international developments since 1991. The book both provides an introduction to the region and presents advanced research on international pipeline projects, political risk and developments after September 11th. The authors draw on a variety of disciplines, including economics, politics, international relations, law and sociology.

India's Reforms - How they Produced Inclusive Growth (Hardcover, New): Jagdish Bhagwati, Arvind Panagariya India's Reforms - How they Produced Inclusive Growth (Hardcover, New)
Jagdish Bhagwati, Arvind Panagariya
R1,810 Discovery Miles 18 100 Ships in 10 - 15 working days

When India embraced systematic economic reforms in 1991 and began opening its economy to both domestic and foreign competition, critics argued that they had contributed little to the acceleration of economic growth. Their argument had rested on the claim that growth in the 1990s was no faster than in the 1980s. This claim was quickly refuted on the grounds that when properly evaluated, growth had indeed accelerated in the 1990s and, more importantly, while reforms had been made systematic in 1991, they had actually begun much earlier in the late 1970s. Subsequently, the reforms of the late 1990s and early 2000s have led to a jump in the growth rate from six percent in the 1990s to eight to nine percent beginning in 2003. The reforms have also led to a major structural change in the economy: the trade to GDP ratio tripled since 1991, there has been a gigantic expansion of foreign investment in India, and sectors such as telecommunications, airlines, and automobiles have expanded at rates much higher than those observed any time in the past. This dramatic turn-around has led the critics to shift ground. They now argue that opening the economy to trade has hurt the poor; that rapid growth is leaving the socially disadvantaged groups behind; and that the reforms have led to increased inequality. They also argue that people themselves do not feel that their fortunes are improving. The five original essays in this volume, topped by a substantial introductory essay summarizing their findings, take these challenges head on. They use large-scale sample surveys and other data to systematically address each of these arguments. They show that trade openness has indeed helped reduce poverty not just in general but also among the socially disadvantaged groups. The contributors to the volume find no evidence whatsoever in favor of a negative impact of trade openness on poverty on any groups. The essays also show that inequality shows no clear trend and is unrelated to trade openness. Peoples responses have also now turned grossly in favor of reforms. Thus, when asked how they feel about the change in their fortunes in the recent past, an overwhelmingly large proportion of individuals from every conceivable group report improvements. Moreover, systematic analysis of the 2009 parliamentary elections show that people now reward the Chief Ministers in states in which they deliver superior growth outcomes and punish those that do not. This book is the first volume in the series Studies in Indian Economic Policies edited by Jagdish Bhagwati and Arvind Panagariya and published by OUP. It contains the first set of five original papers produced under the auspices of the Columbia Program on Indian Economic Policies housed in the School of International and Public Affairs (SIPA) and the Institute for Social and Economic Research and Policy (ISERP).

Japan's Economic Aid - Policy Making and Politics (Hardcover): Alan Rix Japan's Economic Aid - Policy Making and Politics (Hardcover)
Alan Rix
R4,649 Discovery Miles 46 490 Ships in 10 - 15 working days

Japan's arrival since World War Two as a major industrial nation has meant that she has had to bear a greater share of the developed world's contribution to the developing nations and foreign aid has become an integral part of foreign policy. This book describes the roots of Japan's aid policy and shows that this side of her international economic policy is based largely on domestic conditions, structures and forces. To understand the pattern of Japanese aid as it stands today, it is important to appreciate the complexities of the Japanese decision-making process. This book clearly explains the patterns of Japanese aid policy-making.

Japan's Options for the 1980s (Hardcover): Radha Sinha Japan's Options for the 1980s (Hardcover)
Radha Sinha
R3,294 R1,457 Discovery Miles 14 570 Save R1,837 (56%) Ships in 10 - 15 working days

Japan's economic success since the 1950s created a range of serious domestic and international problems which threaten the stability of the country. Within Japan at the start of the 1980s there was a strong mood on the right for remilitarization to give the nation the super-power status her economic performance justified. Outside Japan, there was increasing pressure from the West to make her conform to Western strategic interests. Against the background of these crucial issues the book analyzes the economic, political and military options open to Japan. Focussing on the interconnecting themes of foreign harassment and domestic economic disorder, the author points out many areas of similarity between Japan of the 1930s and Japan of the 1980s.

The Philippine Economy: Stray Cat of East Asia? - Finance, Adjustment and Structure (Hardcover): Rob Vos, Josef T. Yap The Philippine Economy: Stray Cat of East Asia? - Finance, Adjustment and Structure (Hardcover)
Rob Vos, Josef T. Yap
R2,658 Discovery Miles 26 580 Ships in 18 - 22 working days

The central argument of this study is that the segmented and oligopolistic financial and commodity markets, large income inequalities, and diverging accumulation behaviour of public and private sector agents are the structural and institutional features underlying the persistent macroeconomic imbalances. These factors also explain why, despite the similarity in initial economic structure and economic policies, the Philippines was systematically outperformed by many of its East Asian neighbours. Several quantitative techniques are applied including a Macroeconomic Social Accounting Framework and Computable General Equilibrium modelling. This provides an integrated and robust framework for policy analysis that is absent in other studies.

The Economics of Industrial Development (Hardcover): John Weiss The Economics of Industrial Development (Hardcover)
John Weiss
R3,656 Discovery Miles 36 560 Ships in 10 - 15 working days

The spread of the manufacturing industry is an important part of economic development, creating jobs, new products and trade and investment links between countries. Understanding this process is an important part of understanding how countries develop and how they are affected by current globalization. The economic geography of the world has been changing significantly in the last few decades with old established industrial centres in the developed countries in decline, and new centres emerging in countries that were once thought of as poor and still developing. However, this process has been very uneven with some parts of the developing world still largely non-industrial.

This book aims to explain this process from the perspective of developing countries. It charts current trends in industrial development drawing on available statistics and explores different perspectives on the role the manufacturing industry can play.

The book covers topics including:

  • aspects of trade policy as they affect industry
  • the international rules of the World Trade Organisation
  • the network of links between firms in different parts of the world economy.

Separate chapters examine:

  • the special role of small firms and of technology in industrialisation
  • government policy towards the encouragement of industry, drawing particularly on the experience of economies in East Asia (the original Asian Tigers)
  • recent developments in China and India and their implications for other countries.

The book draws on simple concepts of economic theory but avoids a technical mathematical approach and should be accessible to a wide audience. It extends and updates the author 's earlier work on industrialisation published by Routledge (Industry in Developing Countries, 1990 and Industrialisation and Globalisation, 2002) and aims to present a comprehensive overview of these important contemporary issues. The book is suitable for both undergraduate and graduate level courses, but will also be invaluable to professionals working in development.

Small Enterprise Development in South-East Europe - Policies for Sustainable Growth (Hardcover, 2002 ed.): Will Bartlett,... Small Enterprise Development in South-East Europe - Policies for Sustainable Growth (Hardcover, 2002 ed.)
Will Bartlett, Milford Bateman, Maja Vehovec
R2,837 Discovery Miles 28 370 Ships in 18 - 22 working days

Since the end of the Kosovo war in 1999, increasing attention has been paid to the problems of economic development and reconstruction in South-East Europe. In a context of limited resources, small and medium sized enterprises (SMEs) have a key role to play in creating jobs and building a dynamic entrepreneurial economy. Small Enterprise Development In South-East Europe presents important findings from recent empirical research on key factors, which hinder sustainable SME growth in South-East Europe. Finance is identified as a critical barrier to growth, and the role of commercial banks, micro-finance institutions and credit cooperatives in assisting growth is addressed. Yet finance alone is not enough. A rebuilding of social capital, a reduction of the unofficial or grey economy, and the promotion of inter-firm networks and clusters are also of vital importance in promoting sustainable growth. The book concludes with critical analyses of SME policies in Albania, Croatia, and Macedonia, countries which hitherto have received little attention in the literature. Small Enterprise Development in South-East Europe will be of great interest to policy makers, business consultants, and academics and post-graduate students working on economic development and reconstruction in South-East Europe.

Economic Development under Democratic Regimes - Neoliberalism in Latin America (Hardcover, New): Lowell S. Gustafson Economic Development under Democratic Regimes - Neoliberalism in Latin America (Hardcover, New)
Lowell S. Gustafson
R2,384 Discovery Miles 23 840 Ships in 10 - 15 working days

How and why democratic governments in Latin America have implemented neoliberal developmental policies such as freeing exchange rates, privatizing state-owned companies, reducing governmental budget deficits through reduction in size of the government, reducing tariffs, and encouraging foreign private investments is discussed in this work. This study follows the ideological progress of some of the populist leaders and parties towards democratic neoliberalism. The work examines the topic on three levels: the national level represented by Colombia, Ecuador, Bolivia, and Argentina; the subregional level represented by Mexico and the North American free trade agreements, the Commercial Union of Brazil, Argentina, and Uruguay; and the hemispheric level represented by Latin America, the United States, and the IMF.

Arming the South - The Economics of Military Expenditure, Arms Production and Arms Trade in Developing Countries (Hardcover):... Arming the South - The Economics of Military Expenditure, Arms Production and Arms Trade in Developing Countries (Hardcover)
J. Brauer, P Dunne
R4,073 Discovery Miles 40 730 Ships in 18 - 22 working days

After marked reductions in military spending in the 1990s, military budgets around the world are on the increase. In this book, renowned authorities re-examine the economics of military expenditure, arms production and arms trade in developing nations. It includes analysis of military spending in Africa, Asia, and Latin America and new forms of civil conflict as well as nine case studies (Saudi Arabia, South Africa, Mozambique, Angola, sub-Saharan Africa, Greece, Turkey, Guatemala, and Chile). The book will serve as a valuable contribution to the fields of both development economics and security studies.

Capital and Power (Routledge Revivals) - Political Economy and Social Transformation (Hardcover): John Girling Capital and Power (Routledge Revivals) - Political Economy and Social Transformation (Hardcover)
John Girling
R4,640 Discovery Miles 46 400 Ships in 10 - 15 working days

First published in 1987, this book comprises a critical evaluation of Marxist, Gramscian and pluralist theories of social development; the application of these theories, chiefly to Third World countries: hence consideration of the problems of 'specificity', general theory and social change. This is followed by an assessment of the stages of economic development in relation to state power and politics; and the role of the 'external': the impact of the world market economy and the security imperative. The book is not a discussion of theory, but of theory-in-practice. Above all, it represents a continuing debate between Marxism and pluralism - on the themes of accumulation, power, legitimacy - resulting in convergence.

Development as a Human Right - Legal, Political and Economic Dimensions (Paperback, 2nd Revised edition): Bard Anders... Development as a Human Right - Legal, Political and Economic Dimensions (Paperback, 2nd Revised edition)
Bard Anders Andreassen, Stephen P. Marks
R2,402 Discovery Miles 24 020 Ships in 10 - 15 working days

The relationship between the processes of economic development and international human rights standards has been one of parallel and rarely intersecting tracks of international action. In the last decade of the 20th century, development thinking shifted from a growth-oriented model to the concept of human development as a process of enhancing human capabilities. The intrinsic links between development and human rights began to be more readily acknowledged. Specifically, it has been proposed that if strategies of development and policies to implement human rights are united, they reinforce one another in processes of synergy and improvement of the human condition. Such is the premise of the Declaration on the Right to Development, adopted by the UN General Assembly in 1986. This book explores the meaning and practical implications of the right to development and the related term of human rights-based approaches to development. It asks what these conceptions may add to our understanding and thinking about human and global development. Opening with an essay by Amartya Sen - Nobel Laureate in Economic Science - the book contains a score of chapters on the conceptual underpinnings of development as a human right, the national dimensions of this right, and the role of international institutions. This second edition also includes a new Foreword by Navanethem Pillay, the UN High Commissioner for Human Rights. The contributors reflect the disciplines of philosophy, economics, international law, and international relations.

Comparing Regionalisms - Implications for Global Development (Hardcover): B. Hettne, A. Inotai, O. Sunkel Comparing Regionalisms - Implications for Global Development (Hardcover)
B. Hettne, A. Inotai, O. Sunkel
R2,670 Discovery Miles 26 700 Ships in 18 - 22 working days

Comparing Regionalisms summarizes the UNU/WIDER international research project on the formation of world regions, and what implications this process will have for the future world order, especially for peace and development. This last volume in a series of five focuses on comparative research, covering all important regions of the world. Acknowledging the enormous variety of regional formations, the contributors nevertheless argue that a comparative approach to the dynamics of regionalization will provide important knowledge not only about the regions in question, but also about the emerging world order.

The Asian Miracle, Myth, and Mirage - The Economic Slowdown is Here to Stay (Hardcover): Bernard Arogyaswamy The Asian Miracle, Myth, and Mirage - The Economic Slowdown is Here to Stay (Hardcover)
Bernard Arogyaswamy
R2,524 Discovery Miles 25 240 Ships in 10 - 15 working days

Until recently, double-digit economic growth was not unusual among Asian countries and, in fact, had come to be expected of them. From western India to northeastern China, markets were booming and incredible numbers of foreign investors were racing into the Asian markets. Scholars have written laudatory books and articles, politicians want to ensure that trade with Asian countries continues on a rising trajectory, and business leaders have become the new promoters of Asian prosperity. This book attempts to inject a note of caution and reality, while giving Asian countries well-deserved credit for improving their economic status.

Technological, managerial, and institutional deficiencies need to be addressed in Asian countries if the progress of the past two decades is to be restored and preserved. Although Asian nations, particularly Japan, have invested heavily in R&D, their success mainly derives from process improvements and not from new product innovations. Technology and science are the foundations of modern economic civilization, and Asia's assets fall behind Western countries in both areas. The centrality of family-based organizations in some Asian economies and the dependence on horizontal/vertical networks in others also limits the ability of Asian firms to become global operations. The lack of adequate institutions such as an independent judiciary and a responsive polity, and the absence of organizations to bridge the gap between between familism and the government, results in an uncertain societal framework in much of Asia. If robust economic growth is to return, Asian economies must rectify the weaknesses Arogyaswamy exposes in this provocative and timely book.

Excess Cash Flow - A Signal for Institutional and Corporate Governance (Hardcover, 2003 ed.): R. Dhumale Excess Cash Flow - A Signal for Institutional and Corporate Governance (Hardcover, 2003 ed.)
R. Dhumale
R2,652 Discovery Miles 26 520 Ships in 18 - 22 working days

Economic studies which examine the financing patterns of firms, particularly in emerging markets, seldom consider the market environment in which they operate. The most recent Asian financial crisis and its exposure of institutional failures in the context of financial sector liberalization show that these market conditions are vital. The positive relationship between a firm's excess cash flow and investment are well known, but the environment which determines retention of cash as opposed to paying dividends remains unresolved. The results of this survey suggest a framework by which future research in data collection, theoretical analysis, and empirical testing may be undertaken.

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