The present analysis focuses on one of the central aspects of the current process of globalization, that is the liberalization of trade policy aimed at maximizing the favourable effects that an export expansion can generate on economic growth. It has been considered how the relationship between...

Recent literature on the determinants of the US foreign aid budget has raised the hypothesis of a relationship between the latter and the extent of domestic poverty. This is particularly relevant at times of economic crisis and has led to talk of ‘foreign aid Keynesianism’. The present study...

The increased use of cash-based instruments and strategies for the delivery of assistance is welcome as it is, in general, more reflective of a local developmental approach. However, such strategies require some preconditions for them to work properly. Market functioning is among the most...

Two crises among the worst experienced since the start of the modern era have signed the global scene by the end of the first decade of the current century. The first was signed by a sudden and dramatic rise of food prices and developed into the second one which was mainly of a financial nature....