One of the most visible and enduring manifestations of urban poverty in developing countries is the formation and proliferation of slums. While attention has focused on the rapid pace of urbanization as the sole or major factor explaining the proliferation of slums and squatter settlements in...

We examine returns to entrepreneurship using a standard measure of welfare, the per capita consumption xpenditure. Using quantile regressions, we find welfare hierarchy in occupations. The results suggest that, across the welfare distribution, entrepreneurs who employ others have the high-test...

Africa is the developing region most at risk from the global economic crisis. Its recent strong growth has been interrupted. Already home to the largest number of low-income countries in the world, the region is now likely to experience higher unemployment and poverty; increases in infant...

Following the financial crisis that broke in the US and other Western economies in late 2008, there is now serious concern about its impact on the$

This paper examines the implications of the liberalization of capital outflows in China, India, Brazil, and South Africa (CIBS) for other developing countries. It focuses on their prospects of attracting not only foreign direct investment (FDI), but also portfolio capital flows from CIBS. To...