Those fragile states whose stagnation is so tenacious despite generous aid programs, and substantial and costly interventions, are stuck in a 'fragility trap.' Caught in a low-level equilibrium, trapped states appear to be in a perpetual political and economic limbo that can last for years and...

Theorie der makro- und mikroökonomischen Wirkung von Infrastruktur -- PPP aus Sicht der Neuen Institutionenökonomik -- Risikotransfer / Risikoallokation in PPP-Projekten -- Institutionen als Bestimmungsfaktoren für PPPs in Kamerun. .

Since recent financial crises in Asia and Latin America, developing countries have been strongly advised to rely primarily on foreign direct investment (FDI) in order to promote economic development on a sustainable basis. Even harsh critics of rash capital account liberalization argue in favor...