Global capitalism, vintage 21st century, is less friendly to the international migration of unskilled people than were previous waves of globalization (such as that of the late 19th century). A freer regime for international migration could help to reduce global economic inequality, improve the...

Globalization has expanded both opportunities and risks. How should responsibilities be allocated [and coordinated] between the global financial institutions that developed in the 1940s and the regional financial institutions that began developing in the 1960s? Can growth-oriented policies be...

"Loayza and Soto present policy and outcome-based ways of measuring the progress of market-oriented reforms in both traditional areas of first-generation reform and the areas of institutional reform that have been emphasized lately. These policy areas are the domestic financial system,...