We review the large literature on various economic policies that could help developing economies effectively manage the process of financial globalization. Our central findings indicate that policies promoting financial sector development, institutional quality and trade openness appear to help...

The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....

For countries to engage successfully in the international trading system, their industries, firms, and workers must respond continually to new conditions of competition. The continuing need to adjust arises both from policy changes approved in multilateral negotiations - e.g., implementation of...

“Civics” often refers to the familiar constellation of rights and responsibilities emanating from citizenship in a nation-state. But what about global civics? Would this be feasible - or even desirable? There are several plausible objections to the concept of global civics. One can argue...

To estimate the emissions reductions and costs of a climate policy, analysts usually compare a policy scenario with a baseline scenario of future economic conditions without the policy. Both scenarios require assumptions about the future course of numerous factors such as population growth,...

From Sierra Leone to Tajikistan and Indonesia's Aceh Province, civil war has erupted in countries suffering from persistent poverty or sharp economic decline. These conflicts sap already depleted national resources and further cripple the fragile economies of some of the world's poorest...