Economic liberalisation offers the greatest hope for bringing the developing world out of poverty, but to be successful economic liberalisation also requires political and constitutional reform to safeguard private property rights and secure the rule of law. This article examines the process of...

Peter Bauer (Lord Bauer) was an economist of considerable influence, particularly on the prevailing wisdom about the value of foreign aid ('government-to-government transfers', as he preferred to call it). Shortly before his death in May 2002, he received the prestigious first award of the...