Motivation The COVID‐19 pandemic is the most recent instance of global development problems being liable to occur anywhere, challenging the assumption of a world divided into "developed" and "developing" countries. Recent scholarship has increasingly opted for the term "global development" to...

Common Agricultural Policy uses a large share of its budget to support and stabilise the income of EU farmers by means of direct payments (DP). This paper assesses how much and how DP reduce the variability of farm income over time. The analysis is developed on a constant sample of 2402 Italian...