With concern about how to finance the Millennium Development Goals (MDGs) widespread, recent donor pledges to raise aid volumes are welcome. However, aid alone will not suffice – bringing in new actors and sources of development finance will be essential. In many developing countries, this is...

Despite growing aid volumes, financing development is becoming more difficult, not less. Better information on private finance flows will help developing-country governments craft more effective policies. Without stronger government leadership, well-intentioned but diverging donor approaches...

“Ownership” makes aid work better when recipients can choose between policy options. Governments need to encourage home-grown development strategies and free local policy debates. Policy conditions on aid don’t work.

Donors, aid agencies and recipient governments are having a hard time implementing their promises on aid. Options based on a better understanding of their diverse priorities would help make the aid system more effective. Policy makers pursuing poverty reduction and other development goals should...

Many European countries have experienced a significant increase of unemployment in recent years. This paper reviews several theoretical models that try to explain this phenomenon. Predominantly, these models claim a link between the poor performance of European labor markets and the high level...