How does public investment affect private investment?

The importance of investment in economic growth is well acknowledged both in theory and empirical literature. No country has been able to accelerate economic growth without significantly increasing the investment-GDP ratio. However, there are disagreements among economists and policy-makers about the composition of investment, i.e. the share of private and...

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For G20 leaders, greater problems yet to come

World leaders heading home after the weekend G20 might be justified in breathing brief sighs of relief. Unlike at the Asia Pacific Economic Cooperation summit two weeks ago, the heads of state were able to agree on a joint communiqué. A landmark meeting between US President Donald Trump and Chinese...

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Hope for peace elusive in Yemen?

The humanitarian catastrophe in Yemen, one of the poorest countries in the Middle East, emanated from the Arab spring uprising in 2011 that forced President Ali Abdullah Saleh, a totalitarian leader, to hand over power to his Deputy Abd-Rabbu Mansour Hadi. The Gulf Cooperation Council's deal did not work to...

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