Summary We evaluate the effects of a self-employment program offered to welfare beneficiaries of a large safety net program in Argentina. The program promotes self-employment by providing financial and technical assistance. Our findings show that only a small and selected subset of welfare...

Summary At the outset of China's reform period, the country had a far higher poverty rate than Africa as a whole. Within five years that was no longer true. This paper tries to explain how China escaped from a situation in which extreme poverty persisted due to failed and unpopular policies....

Summary Western notions of the 'middle class' are of little obvious relevance to developing countries. Instead, the middle class is identified here as those living above the median poverty line of developing countries, even if still poor by rich-country standards. Over 1990-2005, economic growth...