In 1999, the United States and other major donor countries supported an historic expansion of the heavily indebted poor country (HIPC) debt relief initiative. HIPC had two primary goals: reduce poor countries’ debt burdens to levels that would allow them to achieve sustainable growth; and...

(Disponible en idioma inglés únicamente) En vista de los últimos resultados, la lucha contra la pobreza en América Latina ha distado de ser satisfactoria. El enfoque estándar de las agencias crediticias multiculturales seguirá siendo limitado si no hace hincapié en el papel central de la...

A hot issue in development economics is how much to rely on user charges and private organizations to provide such social services as health and education. Most analysts arguing on either side of the issue assume that any policy decisions involve a tradeoff between equity and efficiency. The...

The implicit assumption of the donor community is that Africa is trapped by its poverty, and that aid is necessary if it is to escape. This article suggests an alternative view: that Africa is caught in an institutional trap, signalled and reinforced by the small share of income of its...