Careful consideration of the appropriate level and composition of aggregate public spending is vital in low income countries, especially in the presence of large volumes of foreign aid. Not only can expansion of the public sector weaken economic growth, but also provision of public services may...

The world faces a multitude of global problems, on top of the need for poverty eradication. Climate change, natural disasters, state collapse, illicit capital flows, refugees and increasing inequality present new challenges to the international community. They require joint action for the...