The world is a better place than it used to be. People are wealthier and healthier, and live longer lives. Yet the escapes from destitution by so many have left gaping inequalities between people and between nations. In The Great Escape, Angus Deaton--one of the foremost experts on economic...

Heute sind die Menschen gesünder, wohlhabender und sie leben länger als früher. Einem Teil der Menschheit ist "Der Grosse Ausbruch" aus Armut, Not, Krankheit und Entbehrung in Freiheit, Bildung, Demokratie und eine freie globale Weltwirtschaft gelungen. Dennoch nimmt die Ungleichheit zwischen...

This paper examines fungibility as a possible explanation for the missing link between foreign aid and economic growth. The composition of aid plays a crucial role in determining the composition of government spending and, consequently, the magnitude of fungibility and its impact on growth....

This paper examines whether the federal structure of aid-receiving countries matters in explaining aid effectiveness. Following the decentralization theorem, the devolution of powers should increase aid effectiveness, since local decision-makers are better informed about local needs. At the same...

The paper reviews the evidence of the impact of trade liberalisation on the economic performance of poor developing countries with respect to poverty reduction, the distribution of income within countries, the distribution of income between countries, trade and the balance of payments, and...