This Policy Brief argues that investment policies should be a core item on the agenda of the G20 and its Trade and Investment Working Group in particular. Specifically: The G20 should continue its important work on international investment policy reform and initiate steps to operationalize the...

Every country faces what economists call an intertemporal (across time) budget constraint, which requires that its government's future expenditures, including the servicing of its outstanding official debt, be covered by its government's future receipts when measured in present value. The...