From his book the 'Wealth of Nation' Adam smith mentioned that 'the society will be happy and flourishing provided that the fruits of economic growth reach the lowest strata of the society'. But this does not resemble our world today. At least 80 percent of the human population live with less...

This paper integrates two main strands of the aid-development nexus in assessing whether institutional thresholds matter in the effectiveness of foreign aid on institutional development in 53 African countries over the period 1996-2010. Eight government quality indicators are employed: rule of...

This invaluable collection compares the relatively unsuccessful economic development of Subsaharan Africa with that of the successful Asian economies, especially the Asian 'tigers'. It covers three main areas of comparison: the lessons for Africa from the Asian experience; secondly, the...