This paper examines some of the critical issues facing policy setters in emerging economies in light of recent financial and economic liberalization conducted via the implementation of Washington Consensus type policies. Issues considered include the poor sequencing of financial and economic...

Taxes have extraordinary roles in any country's economic development and policymaking. This study extends prior studies by investigating the impact of direct and indirect taxes on the economic development of 47 developed and 90 developing countries. All data about the variables involved in the...