We demonstrate that subsidy uncertainty in microfinance can lead to mission drift and defeat poverty alleviation efforts. Our model shows that microfinance institutions, fearing that subsidies may dry up, have no alternative but to build precautionary savings by serving wealthier clients,...

This paper looks at public governance issues, such as efficiency, equity, fairness and transparency, related to government taxation and expense on human capital. Taxation of human capital requires ability to measure it. The paper proposes a new method of measuring human capital using the...

This paper adopts a strategic management approach (objectives, strategy, structure, control) to the study of the European Union's taxation problems. Union of States have some strengths vis-à-vis individual States. However, to ensure that all States benefit, they need constant redistribution. As...