"An AIDS epidemic threatens Ethiopia with a long wave of premature adult mortality, and thus with an enduring setback to capital formation and economic growth. The authors develop a two-sector model with three overlapping generations and intersectorally mobile labor, in which young adults...

The report is the third in a series of reports that evolved from a collaboration between the local government of the City of Johannesburg, and the World Bank in 1999-2000 on the theme of local economic development. It presents the main findings of the 1999 World Bank informal sector survey,...

"The "developing world's middle class" is defined here as those who are not poor when judged by the median poverty line of developing countries, but are still poor by US standards. The "Western middle class" is defined as those who are not poor by US standards. Although barely 80 million people...

"Systematic information on household financial asset holdings in developing countries is very sparse. The author reviews some available data and current policy debates. Although financial asset holdings by households are highly concentrated, deeper financial systems are correlated with improved...

The Annual Bank Conference on Development Economics (ABCDE) is one of the world's best known series of conferences for the presentation and discussion of new knowledge about development. First held at World Bank headquarters in Washington D.C. in 1988, the ABCDE has become broader in scope as...

This report is the fourteenth in an annual series assessing major development issues. This report synthesizes and interprets the lessons of more than forty years of development experience. Together with last year's report on poverty and next year's on the environment, it seeks to provide a...

Counting the world's poor: problems and possible solutions; by Angus Deaton. Comments on "counting the world's poor"; by Martin Ravallion, and T. N. Srinivasan. Ecology, history, and development : a perspective from rural Southeast Asia; by Yujiro Hayami. Productivity growth and sustainability in...