July 2000 - Do higher levels of aid erode the very quality of governance poor countries need for sustained and rapid income growth? Good governance-in the form of institutions that establish predictable, impartial, and consistently enforced rules for investors-is crucial for the sustained and...

Good governance -- in the form of institutions that establish predictable, impartial, and consistently enforced rules for investors -- is crucial for the sustained and rapid growth of per capita incomes in poor countries. Aid dependence can undermine institutional quality by weakening...

Despite the rise in recent decades in the average income level, economic insecurity has also increased. True for both developing and developed countries, this increasing economic insecurity is harmful for human welfare for several reasons. Job and income insecurity directly affect the material...

Der ehemalige Mitarbeiter der Weltbank ist heute als wirtschaftspolitischer Berater tätig. Für de Soto greifen die traditionellen Erklärungsmuster für die negativen Begleiterscheinungen der Globalisierung zu kurz. In vielen unterentwickelten Ländern gebe es riesige Vermögenswerte, die...