International development cooperation has evolved since the 1960s. The effectiveness of aid is still topical, but studies have not paid adequate attention to the relationship between sectoral aid, politics, institutions, and aid effectiveness in fragile states. Using data from 2002 to 2020, this...

The launch of the Global War on Terror (GWOT) soon after September 11, 2001 has been predicted to fundamentally alter U.S. foreign aid programs. In particular, there is a common expectation that development assistance will be used to support strategic allies in the GWOT, perhaps at the expense...

Rising tensions in the Yellow Sea, a festering ‘Migrant Crisis' in Europe and Africa and resurgent antagonisms in the Persian Gulf are further threatening the Post-War social contract bequeathed by President Truman, Gen. Marshall and Gen. Eisenhower: praetorian Midwestern pragmatists whose...

World Pensions Council cofounders Vincent Bazi and M. Nicolas J. Firzli analyse the rise of natural gas as a new asset class for pension and sovereign fund stakeholders in light of the geo-institutional dynamics underpinning asset allocation and investment decisions in an era of macroeconomic...

Since the 9/11 attacks more attention has been given to the question why the United States is a major target for transnational terrorism. What conditions motivate these terrorist activities? Are there specific characteristics in the terrorists home countries that provide a breeding ground for...

Following the chaotic Copenhagen conference of the UN Framework Convention on Climate Change (UNFCCC), policymakers and pundits have discussed the G-20 as an alternative forum for advancing climate change diplomacy. This paper assesses the risks and rewards of tackling climate change in the G-20...

We present cross-country evidence on the impact of remittances on labor market outcomes.Remittances appear to have a strong impact on both labor supply and labor demand inrecipient countries. These effects are highly significant and greater in size than those offoreign direct investment or...

This evaluation assesses the IMF's work on countries in fragile and conflict-affected situations (FCS), addressing both (i) its engagement through surveillance, lending, and capacity development and (ii) the frameworks and procedures for its engagement. It finds that the IMF has provided unique...