This paper, based on the introductory remarks made at the two-day conference on "The State of the Economy, the State of … the World," is an idiosyncratic stocktaking of the trajectory of economics from Adam Smith to contemporary times, with … special attention to the rise of development economics. Given the challenges faced by the global economy in recent times, and …

economy of reform literature has been why reforms are not undertaken when they are needed for the good of society. The …

crises of the 1980s, Russia in 1998, Argentina in 2001, and Greece in 2010. Based on the track record, the authors argue that …

The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 … internationally, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off …

Since the Global Financial Crisis, world trade growth has been subdued and lagging slightly behind growth of gross … trade-income relationship, and then investigates its consequences for economic growth. On the demand side, sluggish world …

sizes around the world. The case of pallets is examined to illustrate the impact of multiplicity of standards on trade costs …. We select this case because pallets are used all around the world, pallet standards are not too sophisticated, and data … because of the lack of rental and exchange pallet markets. To mitigate the costs of this multiplicity of standards, the World …