Fiscal policy is an important instrument for maintaining and improving living standards. Such living standards can be viewed as an outcome of the interaction between the opportunities offered by society and the readiness and ability of each person to exploit them. Under certain circumstances,...

The global financial crisis has led to rising interest in private sector development and economic growth. There is strong evidence that crises can stimulate investment climate reform. A better investment climate makes economic adjustment easier and helps attract capital to create jobs and...

A vigorous economic rebound is under way in East Asia since the second quarter of 2009, following the sharp impact from the financial crisis and the global recession that began in late 2008. As much as the reduction in exports and industrial production across the region in the fourth quarter of...