After the fall of state socialism about two decades ago, democracy and market economies were assumed to diffuse worldwide. However, the American financial crisis of 2008, leading to a worldwide economic crisis caused increasing criticism of capitalism. As laissez-faire capitalism, Keynesianism...

Recognising that aid effectiveness critically depends upon the quality of host country institutions and policies, international aid agencies have sought to inform their activities through more systematic political economy analysis (PEA). Three analytical frameworks for PEA are compared,...