In general, given a particular set of institutions, the greater a county’s per capita income, the more extensive will be its provision of goods and services that require concerted public action. We contend that one of the most important aspects of institutions in this regard is public sector...

The world’s population has witnessed the concurrence of two powerful global trends: an unprecedented growth in foreign direct investment (FDI) and an increase in natural disasters. Since investment decisions are based on an evaluation of expected risks and returns, we consider whether FDI...