This comprehensive study of the rise of multinational corporations from emerging economies explores the basis of their success. The need to compete internationally characterizes the current phase of globalization, and drives firms to invest abroad at an early stage of their history. Andrea...

Decentralisation has been advocated by donors and development agencies as an important factor broadening citizen participation and improving local governance, thereby promoting poverty reduction from the bottom up. On the basis of a comprehensive review of 19 country case studies documented in...

Limited capacity to pay, large infrastructure needs and a huge backlog in the construction of sanitation facilities make recourse to cross-subsidies and government-funded subsidies a necessity in Africa. * This Policy Insights introduces the African Economic Outlook 2007.