Natural disasters – such as tsunamis, earthquakes, cyclones and floods – are costly to society, in terms of both human destruction and financial losses. Governments ultimately bear the full cost…

Olivier Mahul |

Whether constructing a new bridge or buying textbooks for a public school, governments around the world constantly purchase a wide variety of goods and services. In the countries of the Middle…

Yolanda Tayler |

Imagine you are a leader of an African country and your entire government budget for the year is $1.2 billion. That same year, an investor sells 51 percent of their stake in a huge iron ore mine…

Caroline Anstey |