The narrative as well as the analysis of global imbalances in the existing literature are incomplete without the part of the story that relates to the surge in capital flows experienced by the emerging economies. Such analysis disregards the implications of capital flows on their domestic economies, especially in terms of the “impossibility” of following a monetary policy that benefits domestic...

The concept of sustainable development concerns not only the natural environment but also human societies and economies. The method of economy-wide material flow accounting and analysis (EW-MFA) is internationally recognized as a valuable tool for studying the physical dimensions of economies. EW-MFA has been carried out in many industrialized countries, but very little work has been done for d...

This manuscript illustrates how the human resource management concept of employee empowerment likely has benefits in both developed and developing economies. Studies in the hospitality sector and the manufacturing sector in Canada, India, and Turkey show that, in general, empowering supervisory behaviors, such as transformational leadership, increase feelings of psychological empowerment of emp...