"This policy brief provides an overview and assessments of debates on development policy. In view of changing international contexts, it addresses the need to reorient German development policy in the long term and initiate reforms. Five recommendations for decision-makers are formulated: 1....

We question the conventional view that it is optimal for government to maintain a stable level of spending out of oil wealth. We compare this conventional policy recommendation with one where government spends all of its oil revenues upfront, at the same rate as oil is extracted. Using a...