A Growth Rate for a Sustainable Economy

A sustainable growth rate – i.e. a growth rate which allows economy to expand without compromising the equilibrium of the natural system – is one of the most important and stimulating topics in growth literature. In this paper two findings will be presented. First of all, a brief discussion of both concepts – growth and development – is presented. A new sight for their relationship is suggested. The usual distinction between quantitative and qualitative variables is shown to be unsatisfactory. Growth and development must fit in a sustainability framework and therefore, progress should be based on steps of sustainable economic growth in order to have higher development levels. Secondly, a two-sector-closed-economy model is presented to demonstrate the existence of a positive sustainable growth rate for the GDP.economic growth, sustainable growth, development, sustainability

The European Union's 'Comprehensive Approach' in Chad: securitisation and/or compartmentalisation?

The European Union (EU) aims for a comprehensive approach to security in developing countries. As a result, attempts have been made to enhance the nexus between the EU's security policy and other policy areas, particularly development, humanitarian assistance, and democratic governance. This article analyses the EU's comprehensive approach in the case of Chad, focusing on two questions. First, has the EU's comprehensive approach been able to supersede the compartmentalisation of the EU's political system? Second, has it led to the securitisation of non-security policy areas? These questions are answered by investigating the nexus between the EU's security, democracy, development and humanitarian aid policies in Chad from 2006 onwards. This analysis confirms the compartmentalisation scenario, especially regarding development and humanitarian aid where the relation with security policies was at times openly conflicting. While the EU's democracy promotion policies are found to be securitised, this is not the case for development and humanitarian aid

Return migration in Italy: what do we know?

Return migration is the positive counterpart of brain drain. Human capital accumulation increases in a country if skilled agents go back home after a period spent working abroad. Effects of brain drain in Italy could be negative as highly skilled migrants decide not to come back to their native country. Our simple model shows that if preference for home consumption is balanced by career opportunities and life-style conditions, agents leave Italy and prefer to remain abroad. Data support and policy implications are provided.Return migration; brain drain.