Números Publicados

The development of the ICT into the knowledge based economy has created important transformations, opening new possibilities for economic growth. Nevertheless, the ICT does not seem to make new economic growth into the less development countries. This phenomena has been defined as digital divide.

Since the end of the 1980’s, Central and Eastern European countries
(CEECs) have had the strategy of enhancing their integration into the worldwide
economy. In view of the difficulties facing insertion via the traditional
method of exports, this objective has taken place along with a policy of openness
towards foreign direct investment (FDI), since the various forms that
external capital can take, FDI seems to be that which has the greatest re-structuring

This article analyses the micro-macro paradox hypothesis. That is, if foreign aid is effective at macro level (macroeconomic indicators) and at micro level (the projects and programmes carried out by multilateral institutions, national agencies and non-governmental organizations. The result is that there is no paradox, since recent studies reveal the effectiveness of aid at both levels: micro and macro.

The most common approaches to the limiting factors of economic growth in developing nations stress causes such as low savings rates, scarceness of human capital and the fragility of institutions which includes property rights, financial systems and the weakness of the State. This article presents a different point of view which is as follows: that the balance of payments is the main restriction to economic growth.