After the demise of “real” socialism and the decline of “western” socialism, socialism can be salvaged as a social preference system oriented towards equality and social justice, to be implemented without systemic constraints in the organizational and institutional sense. At the same...

DEVELOPMENT IS THE MOST IMPORTANT CHALLENGE FACING THE HUMAN RACE BUT THE PROCESSES DRIVING ECONOMIC DEVELOPMENT ARE BY NO MEANS FULLY UNDERSTOOD. HOWEVER, THE CORE CHALLENGE FOR DEVELOPMENT IS TO ENSURE PRODUCTIVE WORK AND A BETTER QUALITY OF LIFE FOR ALL THE PEOPLE OF THE WORLD. THIS CHALLENGE...

The international goal for rich countries to devote 0.7% of their national income to development assistance has become a cause célèbre for aid activists and has been accepted in many official quarters as the legitimate target for aid budgets. The origins of the target, however, raise serious...

Review of 'The End of Poverty' by Jeffrey Sachs

Raising school enrollment, like economic development in general, takes a long time. This is partly because, as a mountain of empirical evidence now shows, economic conditions and slowly-changing parental education levels determine children's school enrollment to a greater degree than education...

This paper demonstrates that the delivery of hardware inputs to Ghana’s basic education system – building classrooms and supplying textbooks – has had a substantial impact on higher enrollments and better learning outcomes. The Bank’s support for school building has been a major factor...

This paper attempts to shed light on the efficiency/effectiveness issues of informal financial markets and the pattern of portfolio allocation shift in response to change in interest rate, in the process of financial liberalization. The two issues have been both controversial and hotly debated...