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AbstractEconomic theory predicts that wage and income levels will be higher in those developing countries to which business travel and telecommunication from developed countries is cheaper and easier. Cross‐country regression analysis, using data from the World Tourism Organisation and the method of two‐stage least squares, supports this prediction. Levels of per capita GDP are higher in those developing countries which receive higher inflows of business travel from other countries, even when controlling for other influences on per capita GDP with which those inflows are correlated. There is also evidence that governments in developing countries can attract higher inflows of business travel from developed countries by investing in travel and communications infrastructure. Copyright © 2006 John Wiley & Sons, Ltd.

AbstractThe inflows of foreign direct investment (FDI) in transition economies are affected by political factors. This paper examines the empirical effects of two factors: (i) the level of economic reform; and (ii) the level of 'capture' of the state by political and economic elites, on the level of FDI inflows using both OLS and Tobit models for 18 countries from 1993–97. Both of these factors have large and statistically significant effects on FDI inflows. Copyright © 2002 John Wiley & Sons, Ltd.

AbstractThe World Development Report makes the case for redistribution but then fails to give adequate focus to redistributive policies as the core of anti‐poverty strategies. Simple calculations show the power that small amounts of redistribution can have to reduce poverty at both the global and national levels. Mechanisms for global redistribution, through aid, trade, technology and immigration are inadequately utilized. National level policies should encompass the full range of assets and go beyond incremental redistribution. The capacity of the fiscal system to provide safety nets is also important. Copyright © 2001 John Wiley & Sons, Ltd.