The pattern of stagnating growth and underdevelopment remains an all too common phenomenon for countries with a colonial past, regardless of efforts by developmental economists and international organizations. In order to increase our understanding of what factors lead to this pattern, this study investigates the link between colonization and growth by examining trade characteristics of prior colonies. Using data from the World Bank, the IMF and the OECD, this study utilizes simultaneous equation modeling to determine how trade patterns can provide the link between colonization and the current state of underdevelopment in Africa, the Middle East, and Latin America. This leads to a more refined understanding of why economic development fails to occur even in a period of booming international trade and globalization. Probing into the trade patterns of these nations, this paper answers the following question: Does colonial identity impact trade and growth patterns today? This study finds that history plays a role in determining how countries trade and grow, but the results are varied depending on the analysis utilized. Furthermore, there is a link between the types of goods traded and the growth of a nation, but trade in primary products does not necessarily limit a country’s growth potential.
The main focus of this study is to examine factors that impact foreign direct invest based on differences in development of Latin American nations. Twenty-one countries are divided into low, middle, and high income groups based on wealth. All econometric tests are conducted for each individual economic subgroup. A random effects model is used to analyze the data. The study finds that there is a great deal of correlation between dependent and independent variables at the low level, less correlation at the middle level, and very little correlation at the high-income level. These results show that variables have different explanatory power based on how wealthy a nation is suggesting development effects a corporation’s decision to invest.
National and international library organizations are important in the academic community because they provide a venue for discussing new methods and ideas that improve the ability of their members to function in their jobs. They also support practical projects that cannot be done at the local level but require the coordination and activities of several libraries or organizations. This paper describes three projects of the Seminar on the Acquisition of Latin American Library Materials (SALALM), an area studies library organization that resulted in benefits important to Latin American library collections in the United States. In particular, this paper discusses the role and importance of professional organizations in the success of the Latin American Cooperative Acquisitions Program (LACAP), the Latin American Microform Project (LAMP), and the Hispanic American Periodical Index (HAPI)