This review of public finance in developing countries covers tax advice and practice during the past half century, principles of good public finance, some key issues in development finance during the period, fiscal decentralization and some important open questions. Thinking about good tax...

Since 2000, Latin America has become less unequal, with lower levels of poverty, and likely greater economic mobility. Over a longer time period, the story in the United States is much different. The United States has become more unequal, with relatively high poverty levels, and likely less...