Learning profiles that track changes in student skills per year of schooling often find shockingly low learning gains. Using data from three recent studies in South Asia and Africa, it is shown that a majority of students spend years of instruction with no progress on basics. Shallow learning...

As part the Local Level Institutions study of local life in villages in rural Indonesia information was gathered on sampled household’s participation in social activities. We classified the reported activities into four distinct types of social activity: sociability, networks, social...

Structural adjustment, as measured by the number of adjustment loans from the IMF and World Bank, reduces the growth elasticity of poverty reduction. Growth does reduce poverty, but the author find no evidence for a direct effect of structural adjustment on growth. Instead, the poor benefit less...

The lecture focuses on some implications -- both positive and normative -- of the most surprising development in the international financial system over the last half dozen years. That development is the large flow of capital from the world’s most successful emerging markets to the...