Ragnar Nurkse was one the pioneers in development economics. This paper celebrates the hundredth anniversary of his … employment policy in mobilizing domestic resources and the difficulties surrounding the use of external resources to finance …-of-last-resort proposals. -- Ragnar Nurkse ; Development Economics ; Employer of Last Resort …

currency system, sets harsh constraints for policy space towards implementing national strategies. …

prudence confronts many challenges. This paper discusses what low-income countries can do to shape fiscal policy frameworks … expenditure programs and finances. It suggests what approaches can be used to manage the greater fiscal policy risks associated … with a scaled-up aid environment, including coordination with monetary policy. The paper also discusses what institutional …

better serve the project of fiscal and governance internationalization, and the development of global policy coherence around … the fiscal ideologies of IFIs, rather than as an instrument of national policy. Part II briefly sketches the IFI … (through IFI policy operationalization) perhaps as effectively as SWFs that seek to project national financial power through …