The United Nations Millennium Declaration commits to halving extreme poverty between 2000 and 2015. The South African government has set a goal of halving poverty by 2014, although the meaning of this goal has not yet been defined. This article specifies government's stated target of halving...

In this paper, we present new projections for a range of global poverty-related Sustainable Development Goals (SDGs), specifically, extreme monetary poverty, undernutrition, stunting, child mortality, maternal mortality, and access to clean water and basic sanitation. Our projections, based on...

This study uses five series of demographic and health surveys to answer the question: 'Is horizontal inequality in education and wealth increasing or decreasing in the 20-year interval between 1991 and 2010?'. Horizontal inequality in education attainment has been moving in waves; however, there...

Japan has an impressive history when it comes to aid, industrial policy, and infrastructure development, both as a country that saw meteoric development of its own, and as a country that has been one of the world's largest donors for decades. Looking towards an uncertain future in which...

Financing and the role of aid within the water sector are poorly understood. We estimate the levels of spending achieved in developing countries during the Millennium Development Goals period to be US$80 billion per year. Aid represented a substantial proportion of total sector financing in...

The economic prescription for climate change is clear: price carbon dioxide (CO2) and other greenhouse gas emissions to internalize climate damages. In practice, a variety of political economy constraints prevent the introduction of a carbon price equal to the full social cost of emissions. This...

This paper explores the potential impacts of the transition to a low-carbon future for the taxation of extractive resources. The global debate on climate change has firmly moved on from the question of whether countries ought to shift towards such a future to that of how they are going to...

The principle of inclusive development lies at the heart of the Sustainable Development Goals (SDGs), and in particular Goal 16, with its focus on inclusive societies backed by inclusive institutions. Yet despite its ubiquity across the SDGs, inclusivity not only remains ill-defined, but is both...

In this paper, we explore the relationship between foreign aid fungibility and aggregate welfare. Using panel data from 35 low-income and lower-middle-income countries, we first check the presence of sectoral aid fungibility in our sample and find evidence for it. We then use econometric methods...