Some observers have questioned the rationale for continued engagement by international development institutions in middle-income countries. But these countries face development challenges calling for continued partnership with the international development community. Moreover, partnership with...

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...

In 1960, there were 101 middle-income countries. By 2008, only thirteen of these had become high-income countries. Why do so many middle-income countries fail to develop after a promising start, becoming mired in the so-called middle-income trap? This interdisciplinary volume addresses the...

Donors supporting countries affected by fragility conflict and violence face a difficult trade-off. Should they deliver urgently needed water supply infrastructure through non-state actors or build the country institutions that deliver water supply? This report confirms that the current response...

"Global Finance and Development" describes and explains the variety of relationships between finance and development. Finance is broken down into its various aspects in separate chapters on aid, debt, portfolio investment, FDI, microfinance and remittances (see sections three and four for...