As Asia consolidates the economic gains and policy lessons of two generations, it can look to a bright future of sustained growth. More effective policies will even accelerate this growth, provided they recognize the essential agents of trade and productivity growth, as well as the importance of...

The Russian Federation offers the unique example of a leading centrally planned economy swiftly transforming itself into a market-oriented economy. This paper offers a comprehensive study of inequality and mobility patterns for Russia, using multiple rounds of the Russian Longitudinal Monitoring...

This paper examines whether political connections ease financial constraints faced by firms. Using firm-level data from six Central and Eastern European economies, the paper shows that politically connected firms: (i) have high levels of leverage, (ii) have low levels of profitability, (iii) are...