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What major insights have emerged from development economics in the past decade, and how do they matter for the World Bank? This challenging question was recently posed by World Bank Group President David Malpass to the staff of the Development Research Group. This paper assembles a set of 13...
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A growing body of work has shown that the quality of national institutions that enforce written contracts plays an … margin than the extensive margin of exporting. In addition, better contracting institutions increase the probability of … developing countries that seek to boost export growth but many of which suffer from poor contracting institutions …
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, downplaying the critical role of policy and institutions in advancing toward the goals, failure to discount costs or consider …
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