What are the reasons for and the costs of Latin America's volatility? Because there is no consensus on these fundamental questions, there is no consensus on the appropriate policy response to macroeconomic volatility in Latin America, and other shock-prone countries. This paper provides new...

With two thirds of the world’s population projected to live in urban areas by the middle of this century, the accelerating pace of urbanisation generates crucial opportunities and challenges for sustainable development that reach far beyond city boundaries. Many global processes have...