Public investment: Crowding-in or crowding-out?

While there is a general consensus that investment is the key to economic growth, relative importance of public and private investments is often debated. This means that it is not just the total investment that matters to the policymakers, but also its composition in terms of public and private investments....

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A fragmented multilateralism?

Amid ongoing attacks by US President Donald Trump, the battle for the future of multilateralism has commenced. Previous demands for pragmatic reforms have escalated into pressure for the wholesale transformation - or even total destruction - of the global framework of multilateral institutions. Trump seems to prefer a "system" in...

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