The premise of this paper is that state aid to distressed companies should benefit not only the current owners but also the employees, who are the ones taking personal risks to continue or restart companies. Government aid during the Great Recession was aimed primarily at restoring the status...

One of the most important areas of taxation is the personal income tax, which may have a gender-differentiated effect on work incentives and infl uence the distribution of paid and unpaid work between men and women.

"The Observer", London, reported last February to its readers on the Indian steel scenery the following: "The story of the three foreign steelworks in India is like an anecdote about a Russian, an Englishman and a German. At Bhilai, the Russians started with a roar of self-congratulation and are...

It has been observed since about 1976 that financial commitments to developing countries have been disbursed more slowly than in the past. At the same time there have been increasing complaints from recipients that the commitment, appraisal and disbursement procedures of the donor countries were...