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We develop a two-period model of redistributive politics in which two politicians compete in an election in each period. In the first period, the politicians propose both whether to experiment with an efficient reform with uncertain benefits and choose the amount of public debt. Politicians also...
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The recent emphasis on governance in Africa is unique in that it was initiated by donors and not by domestic leaders under pressure from their own constituencies. Thus while many countries have embraced the market economy and liberalized their policies, issues related to political participation,...
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for borrowing by subnational units. We then provide a diagnosis of accountability mechanisms, examining their quality of … national and subnational levels in providing accountability in the provision of subnational public goods. Next, we review the … implications of the intergovernmental system and accountability mechanisms on the cooperation of subnational governments and the …
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Volksrepublik China seit 1978 übertrifft alles bisher Bekannte. Diese Dynamik ist umso beachtlicher, blickt man auf den gesamten … zur zweitgrößten Wirtschafts- und Handelsmacht hat China Japan überholt und aufgeschlossen zur Europäischen Union als … China das Wachstum der vergangenen Jahrzehnte aufrechterhalten kann, wird es in weniger als 15 Jahren die Vereinigten …
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