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The issue of export instability exerts an enduring fascination for economists with an interest in the area of economic development. Over several decades a voluminous literature has emerged embracing debates on the domestic consequences and on the causes of export instability. The purpose here is to examine these debates and an attempt is made to set out different theoretical stances, to classify and examine empirical findings, and to indicate the directions in which the debates have moved. Such a statement of a review article's purpose is, of course, incomplete without more specific delineation of the boundaries within which the general objectives are pursued. Here that delineation has three facets.

Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some legal aspects concerning MNEs, cyberspace and e‐commerce as the means of expression of the digital economy. The whole effort of the author is focused on the examination of various aspects of MNEs and their impact upon globalisation and vice versa and how and if we are moving towards a global digital economy.

The purpose of this paper is to investigate the experiences of dot-com pioneers in developing countries to complement the experience of their counterparts from the developed world as documented in the dot-com boom and bust literature. Beginning from this literature, dot-com phenomenon in the developed world has attracted much research. However, despite some entrepreneurial attempts to promote the innovation in the developing world, less is known about dot-coms there.

The study follows interpretive case study methodology and actor-network theory to understand the formation, initial success and final failure of a dot-com pioneer in the developing country of Ghana.

The developing country dot-com pioneer transferred e-tail technology from the developed world. The under-developed infrastructure in the developing world forced the technology to be adapted to local context. The firm managed to succeed temporarily by engaging with actors from both the developed and the developing world. It, however, collapsed largely due to inflation in its developing country context, which rendered its stockless business model with purchasing on order to deliver economically unfeasible as purchasing prices outrun sales prices.

The findings are based on historical reconstruction of events which may differ from current circumstances. The study, however, demonstrates how pioneer dot-coms in developing countries may have fared and offers implications for research and practice.

Stockless e-business model with purchase on order to supply may not be economically feasible under inflationary conditions as purchase prices may outstrip sales prices. Entrepreneurs need to pay attention not only to the virtual world but also the physical world which equally contribute to e-business practice.

The paper is the first attempt to offer insight into the experiences of developing country dot-com pioneers to complement the literature from the developed world.

This study intends to explore the impact of World Trade Organization (WTO) which came into existence from January 1, 1995, on the export share of developing counties in the world exports of all goods together in US$, that is, in global merchandise trade. This study endogenously determines the structural break in changing export share of developing countries and how are they related to the major changes in the multilateral trading systems of international trade, in particular, the introduction of the WTO by following a multiple breakpoint analysis due to Bai–­Perron. In this context, it would be worthwhile to note that the shift toward more export-oriented strategies by a large number of developing countries has accelerated the growth of LDC exports. This study also compares the changing share of merchandise exports and trade in commercial ­services for developing countries and the LDCs in the Post-WTO regime. The ­authors follow a univariate time-series exploratory analysis to understand the trend in world export shares of all goods and commercial services for different regions of the developing world and demonstrate the potential of these regions in the expansion of trade. The study, while evaluating the impact of WTO in changing export share in terms of structural change analysis, enables us to understand the role tariff cut in the developed countries on the imports from developing countries. This study also observes increasing inequality in terms of export share among different regions of the developing world.

The promotion of Education for All (EFA) in today's globalized world is an important responsibility to be borne by the international community as a whole. International cooperation in education is being undertaken in many developing countries under collaborative arrangements of “Actors” with varying positions. Essential as the backbone of such cooperation is a mutually complementary partnership between the public (governments and official aid agencies) and private (civil society). Without this, international cooperation in education is exceedingly difficult to implement. Thus, led mainly by international agencies, the mechanisms for global governance for the promotion of international cooperation in education have been created.

This paper sets out to analyze the mechanisms of governance on a global level as led by international agencies. Moreover, it attempts to elucidate the role of civil society, which has gained in importance as a partner of governments and international agencies, leading to a study of public and political dimensions in international cooperation in education. Furthermore, to see how the international community might close the four critical gaps in the areas of “policy, capacity, data and financing” and assist developing countries in promoting EFA, the paper analyzes an example of a recent international initiative called the EFA Fast-Track Initiative (FTI).

The paper proposes that globalization has opened up opportunities for developing countries that adopt the right type of political economy doctrine and opt to externalize their economies through contemporarily relevant global integration models and country‐level strategies.

Portraying the various phases of globalization, the experiences of developed and developing countries are reviewed to recommend a “global participation model” for developing countries to benefit from the globalization process.

In profiling the global participation model, the paper introduces the concept of global business chain and shows how countries have formed strategic groups to participate in the global chain as “opportunity exploiters” and “opportunity providers.” If equipped with appropriate and efficient economic doctrine, developing countries could act both as opportunity providers and opportunity exploiters and transform themselves into “twin advantage countries” – with substantial enhancements in their total factor productivity and consequent gains in the quality of life of populations.

Global business chain and twin advantage strategy, the two major propositions of this paper, are a new stream of thought in the discussions on globalization.

Introduction The term “Aid” refers to all forms of aid granting, whether loans or grants, from governments and multinational financing agencies. Private capital movements are excluded. I would also exclude emergency relief aid associated with natural calamities such as famines, floods etc., because of its temporary nature. In an ethical context, two major issues then arise. What are the possible ethical and/or non‐ethical considerations determining the flow of aid? Second, what is actually the status of aid granting in the world today? Can we, then, trace or develop a systematic moral case for aid granting? This would essentially entail an enquiry into the motives and effects of aid. Taking into consideration that economics deals, in the final analysis, with the real world and real human beings, it would be difficult to assume that human sentiments, greediness, self‐interest and global consciousness and responsibility are neutral elements in determining one's economic behavior. In this particular case, that is aid, it seems reasonable to talk of a number of considerations governing its motives. Put differently then, one needs to enquire the issue at two levels:

This paper examines the alternative frameworks adopted in empirical research in accounting in developed and colonised developing countries, and suggests that a more appropriate methodological framework is necessary to explain the emergence and subsequent development of the accounting profession in the colonised developing countries. In this regard, the paper rejects the claim that the expansion of the Western-based accountancy bodies into colonised developing countries is inevitable. Rather it posits the view that the influences of the U.K.-based Association of Chartered and Certified Accountants (ACCA), the American Institute of Certified Public Accountants (AICPA), the Canadian Institute of Chartered Accountants (CICA) and the dominance of Western accounting practices in the colonised developing world are intertwined with the local historical, global and cultural circumstances. Therefore, the problematique of imperialism is critical and significant for understanding the context in which the accounting profession has developed in former colonised countries. Bearing this in mind, the paper argues, then, that in order to adequately and validly investigates accounting issues in any former colonised developing nation; one has to adopt the frameworks of cultural imperialism and globalisation to fully contextualise the nature of accounting in colonised developing countries.

A hard‐fought victory for the developing countries at the UN Conference on Science and Technology for Development is the accord on the establishment of a Global Information Network (GIN). However, due to the lack of interest on the part of the industrialized countries and absence of financial support, it seems that GIN will remain a paper agreement. But even if GIN was established, it would do little to fulfil the real science information needs of the Third World. A better alternative for the developing countries would be to share locally produced science and technology information amongst themselves and develop a Third World Information Network (TWIN) to meet their specific needs and requirements. There are indications that such a system is randomly evolving in the Middle East.