This survey essay reviews over 200 papers in arguing that in order to achieve sustainable and inclusive development, foreign aid should not orient developing countries towards industrialisation in the perspective of Kuznets but in the view of Piketty. Abandoning the former's view that inequality...

This survey essay reviews over 200 papers in arguing that in order to achieve sustainable and inclusive development, foreign aid should not orient developing countries towards industrialisation in the perspective of Kuznets but in the view of Piketty. Abandoning the former's view that inequality...

Ocean conservation and sustainable use cannot be pursued or achieved without consideration of the planetary impacts of climate change, and particularly the role of the oceans in both mitigation and adaptation. For this reason, the international community has increasingly committed to providing...

This study investigates transition finance in Lebanon, an upper middle-income country in the MENA region transitioning from a significant adverse shock. Lebanon’s development path has been historically non-linear and, most recently, the Syrian conflict adversely affected the country’s...

Official Development Assistance (ODA) is considered one of the most important external resources of finance that can contribute to sustainable development in the Least Developed Countries (LDCs). The Czech Republic, as an official donor country, should spend on ODA, with respect to the EU and...

In this paper, we explore the relationship between foreign aid fungibility and aggregate welfare. Using panel data from 35 low-income and lower-middle-income countries, we first check the presence of sectoral aid fungibility in our sample and find evidence for it. We then use econometric methods...