The gains from the transition in post-communist Russia were captured by the new managerial class, which won rents from the state in the form of privatized enterprises, state subsidies, credits, and opportunities for tax evasion. Those rents reduced state revenues that could have supported social...

"This report by World Bank economists and Colombian consultants maps out a strategy for poverty reduction in Colombia by concentrating efforts on rural development, social and infrastructural services, and decentralization strengthening. Expenditures would be financed by revenues generated by...