Two trade-offs have been widely seen to severely constrain the scope for attacking poverty using redistributive transfers in poor countries: an equity-efficiency trade off and an insurance-efficiency trade off. This article argues that recent economic theories and evidence call into question the...

Work developed broadly within the Weberian tradition has argued, for a long time, that there is a link between effective bureaucratic institutions and economic development. In a widely cited article, Evans and Rauch (1999) have demonstrated that there is a strong relationship between a national...

This paper aims to analyse how the term 'vulnerability' has been used in the Chronic Poverty Research Centre's (CPRC) initial set of working papers. The intention of this analysis is to show that 'vulnerability' can be utilised in a variety of ways, with different meanings, and different...

The argument of this paper is founded on an analytical perspective that can be summarized through three basic propositions. Firstly, the phenomenon of chronic poverty is best analysed through examination of the nature of poverty traps. Secondly, the causes of poverty can be identified at...