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...

"According to the conventional wisdom, when an economy enters a recession and nominal prices adjust slowly, the monetary authority should devalue the domestic currency to make the recession less severe. The reason is that a devaluation of the currency lowers the relative price of non-tradable...