"External exposure can be measured by the sensitivity of first and second moments of economic growth to openness and foreign shocks. This paper provides an empirical evaluation of external exposure using panel data methods for a worldwide sample of countries. Controlling for domestic conditions,...

Urbanization is simultaneously a major driver of development, wealth creation, and poverty reduction, as well as one of the most pressing challenges of the 21st century. Urbanization can and should be embraced as an opportunity to reduce poverty. The building regulatory capacity assessment...

The recent wave of US corporate governance failures prompted a round of legal and regulatory reform which has attracted worldwide attention. The author's essay puts the debate into a wider context for the US. The missing link here is the rights of the shareholders in the US who have...