The current climate change crisis has repeatedly alerted mankind to the urgency of tackling this pressing global challenge before it is too late. Developing countries, which have contributed negligibly to the present climate change problem are, nevertheless, hit the hardest by, and are most...

The paper considers the experience of the European Investment Bank and addresses policy lessons for developing countries as they seek finance for development. The paper argues that the key lesson for developing countries is that the traditional role of a development bank in closing market gaps...

The rise of China as an economic and political driver of the global economy is likely to be one of the defining moments of world history. Its dynamism and international expansion are on the verge of creating a critical disruption in the global order that has held sway for over 60 years. As such,...

The class and social structure of developing nations has undergone profound transformation in recent decades as each nation has incorporated into an increasingly integrated global production and financial system. National elites have experienced a new fractionation. Emergent...

This paper explores implications of climate change for fiscal policy by assessing the impact of large scale extreme weather events on changes in public budgets. We apply alternative measures for large scale extreme weather events and conclude that the budgetary impact of such events ranges...

Promoting public accountability plays an ever increasing role in the recent discourse on development cooperation. It is said to encourage a more efficient use of public funds, to decrease corruption, add to more legitimate, responsive and democratic institutions including government and...

This paper examines the effect of regime type on FDI flows to developing countries. Existing research has been inconclusive, with some studies finding a positive effect of democracy, others finding a negative effect, and still others finding no clear relationship between regime type and FDI....

This article aims at presenting policy recommendations for Turkish decision makers with a view to address Turkey's needs to ensure effective and timely development assistance to fragile states. The analysis begins with a quick look at the controversial relation between aid, growth and poverty in...

This paper presents an extension of the two-period Samaritan's Dilemma in order to analyze the potential for foreign aid to promote freedom. An example is the United States' recent opening towards Cuba. It is shown that a donor nation's dual concern for economic reforms and greater freedoms can...

This paper documents that developing countries with opaque institutions receive procyclical development aid and procyclical promises of future aid while developing countries with transparent institutions receive countercyclical aid. It provides a dynamic equilibrium model of optimal aid policy...