This paper reviews the literature and contributes with some evidence based on the World Values Survey on the drivers of tax morale around the world, with an emphasis on developing countries. It shows that socio-economic factors such as age, religion, gender, employment status and educational...

Tax incentives can be a useful tool to stimulate investment in developing countries. However, in these countries interest groups often are able to exert considerable influence in its management, if not its design. From a power-based approach to the political economy of tax reform we find how...

. Lowering interest rates and, thus, the cost of borrowing in the rand zone (Lesotho, Namibia, Swaziland and South Africa) is a priority to promote investment and economic growth. . Local-currency interest rates in these countries are driven by those on rand-denominated transactions. Reducing...

. The poor are the principal beneficiaries of universal access to social services. . Instead of thinking in terms of supply, we need to meet the demand for services from the poor. . Policies should be judged by their outcomes rather than by the amount of resources employed. . Coherent, long-term...

• Many micro-enterprises are known to the authorities, in particular because they pay taxes. • Intermediate-revenue countries impose certain standards to protect consumers. • Wages regulations are only rarely respected. • The creation and development of micro-enterprises could be...

. Deeply rooted social institutions – societal norms, codes of conduct, laws and tradition – cause gender discrimination. . Religion per se does not systematically define such discrimination. All dominant religions show flexibility in interpreting the role of women in society. . The...

Managing migration has become a priority for policy makers both in developed and developing countries; it is a difficult challenge indeed. Large immigration or emigration flows relative to domestic population’s impact on almost all aspects of an economy and society: family structures,...

In the history of adjustment, concern with the political aspects appeared only after long reflection. At the beginning of the 1980s, given the urgency of the financial crises afflicting many developing countries, the only thought was to restore macroeconomic balances, particularly the balance of...

• Adjustment does not necessarily increase poverty • Adjusting before a crisis reduces social costs • Refusal to adjust and the suspension of imports leads to self-centred underdevelopment, which is socially much more costly • The choice of macroeconomic stabilisation measures is...

Latin American sovereign bonds represent a significant share of the emerging debt class (50 per cent by early 2001) and so have considerably shaped the dynamics of this market. Recent financial turmoil, contagion episodes and investors’ renewed concerns with debt default call for a better...