MDGs are global goals and are powerful tools of international policy because they create a framework of accountability by going beyond stating general objectives and set quantitative, time bound targets against which performance can be measured. This paper challenges the methodology...

Governments aiming to improve the education and health status of their populations can increase the level of public spending allocated to these sectors, or improve the efficiency of public spending. Since increasing spending is often difficult due to the limited tax base of most developing...

Background: The Millennium Development Goals (MDGs) are a set of eight goals and corresponding indicators that were agreed to following the adoption of the United Nations Millennium Declaration in September 2000 by leaders of 189 countries. The goals state specific objectives for the world to...

While in the study of Corporate Governance we can avail ourselves of the incremental cash-flow model (ICFM), the analysis of Public Governance has been falling behind with this issue. The paper sets forth an innovative linkage between both fields of learning and practice, by means of a suitable...

This paper examines the extent of redistribution that would occur under various annuity and bequest options as part of an individual accounts retirement program. I first estimate mortality differentials by gender, race, ethnicity and level of education using the National Longitudinal Mortality...

This paper sets forth a new approach to state-owned banks grounded on portfolio theory and the principle of subsidiarity, so as to improve the governance of such institutions. Firstly, it defines what is meant by portfolio of portfolios and the separation feature, which leads to setting up what...

It is often assumed that government intervention is required to bring to fruition large scale infrastructure projects because the large initial capital outlays such projects require must be funded from the public purse. In Wheels of Fortune, Fred Harrison shows that large scale infrastructure...

In the literature on the effects of economic globalisation, the compensation hypothesis predicts a positive relationship between trade openness and the size of the public sector, as governments perform a risk mitigating role in the face of internationally generated risk and economic...

In 2003 China posted its highest economic growth rate in seven years, a robust 9.1 percent. Today the nation's gross domestic product (GDP) dwarfs by more than eight fold its level of 1978, the year China began taking its first tentative steps away from a centrally-planned communist economy...