The forces of the Wealth of nations are not at work for the Health of nations. Economic and trade integration have progressed over the last fifty years and yet one sector remains conspicuously un-globalized: health care. Interest groups and international organizations, like the World Health...

These days, plenty of cognoscenti in academia and politics share the common concern that the build-up of global macroeconomic imbalances threatens the international economy. While there is broad disagreement on the essence of what an imbalance exactly is, the term is generally associated with...

Some developing countries borrow abroad and experience good growth (above 2 %), which we call good growth, while others borrow and have poor growth (below 1 %), which we label as bad growth. The data comprise all 443 available observations of borrowing for one 5-year period and average growth...