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Is knowledge an economic good? Which are the characteristics of the institutions regulating the production and diffusion of knowledge? Cumulation of knowledge is a key determinant of economic growth, but only recently knowledge has moved to the core of economic analysis. Recent literature also gives profound insights into events like scientific progress, artistic and craft development which have been rarely addressed as socio-economic institutions, being the domain of sociologists and historians rather than economists. This volume adopts a multidisciplinary approach to bring knowledge in the...

Is knowledge an economic good? Cumulation of knowledge is a key determinant of economic growth, but only recently has knowledge moved to the core of economic analysis. This volume adopts an interdisciplinary approach to focus attention on knowledge as a key economic issue.

Labour, Poverty, and Development provides rigorous economic analysis with the necessary theoretical underpinnings, detailing the causes, effects, and implications of the current situation in the developing world. Bringing together some of the world's foremost experts on development, the volume concentrates on three main areas: the relationship between employment, growth, and trade; the growth of urban labor; and the position in rural areas.

Depending on one's point of view, multinational enterprises are either the heroes or the villains of the globalized economy. Governments compete fiercely for foreign direct investment by such companies, but complain when firms go global and move their activities elsewhere. Multinationals are seen by some as threats to national identities and wealth and are accused of riding roughshod over national laws and of exploiting cheap labor. However, the debate on these companies and foreign direct investment is rarely grounded on sound economic arguments.

This book brings clarity to the...