There are significant income and nonincome development gaps around the world. Closing these gaps will require not only increasing and sustaining economic growth in low-income regions, but also policies that close nonincome development gaps directly. Governments need to support private investment...

Asian emerging economies are faced with reconciling the requirements of economic reform, meaning the long-term structural transformation of their economies, with effective political governance. They are embarking on essential economic change as growth prospects of the world economy are clouded...

This paper explores the characteristics of the political economy process that conditioned the scope and success of the combination of fiscal reforms before and after Colombia s 1991 constitutional reforms. Using formal analysis of reforms and interviews with actors, reforms in taxation,...

The 1990s ‘good governance agenda produced a programme of change called the standard reform model. It involves privatising utilities, the creation of markets and the unbundling of electricity-system functions into formally separate, ‘independent’ regulated units. Pushed by the World Bank...

Over three decades after market-oriented structural reforms, termed "Washington consensus" policies, were first implemented, we revisit the evidence on policy adoption and the effects of these policies on socio-economic performance in sub-Saharan African countries. We focus on three key...

Since 1995, Tanzania has made major progress in economic reform and macroeconomic stabilization, resulting in strong growth and low inflation. This paper reviews Tanzania's growth performance and prospects and assesses the impact of growth on poverty. It finds that growth has been increasingly...