This paper is concerned with economic consequences of unethical governance. A framework is set out, based on principles … of Friedrich Nietzsche, that ties poverty and inequality to unethical behavior of the strong toward the weak. The paper … contributes to an understanding of why poverty and inequality have remained entrenched in some societies in spite of repeated …

resource abundance can contribute to growth. It finds that governance determines the extent to which the growth effects of …

order to create trust. This paper identifies over 200 post-1960 episodes of accelerations in financial development in a … large cross-section of countries. We find that the likelihood of an acceleration leading to sustained financial development …

The coexistence of urban and rural poverty and migration to cities is studied in a dual economy model where the … and the distribution of wealth matter for the migration decision, and costs of backmigration may produce an urban poverty …

During the course of development, wages and labor productivity are much higher in the nonfarm sectors of the economy …

This paper analyzes Central America's track record on inequality, poverty, and quality of fiscal adjustment in relation … to economic growth; health and education outcomes; adequacy of social safety nets; and governance. It then assesses the … degree to which the track record can be traced to reforms in public expenditure and governance. Despite the considerable …