Markets need some very strong prerequisites to function well and be a self regulating system. Creating markets, where the most basic institutional factors necessary for the functioning of a market is nonexistent, is futile. In other words, talking about private sector development where markets...

While the provision of subsidized loans through the VBSP forms a cornerstone of Vietnam’s antipoverty policy, little is known on the impact of these preferential loans. In this paper, we use fixed effect regression to estimate the average effect of the program on income and expenditures of...

This article is a prepublication transcript of ‘Has the Empire Struck Back?’ in Albritton, R, Makoto Itoh, Richard Westra and Alan Zuege (eds) Phases of Capitalist Development: Booms, Crises, and Globalization, pp195-215. London: McMillan. ISBN 0 33375 316 X The paper conducts an empirical...

This paper has four main objectives: (1) to monitor the rise of poverty and income inequality during the first decade of Russian transition; (2 to analyze the performance of the welfare state in reducing poverty and income inequality; (3) to identify the most vulnerable groups of transition; and...

Seen in historical perspective the main economic predicaments of the present world (such as poverty, inequality, backwardness) appear in a somewhat different light than in many current discussions, especially by sociologists, radical economists and political scientists. In the present paper the...

This paper presents a methodology to measure vulnerability to asset-poverty. Using repeated cross-section data, age cohort decomposition techniques focusing on second-order moments can be used to identify and estimate the variance of shocks on assets and, therefore, the probability of being poor...