Market participation is both a cause and a consequence of economic development. Markets offer households the opportunity to specialize according to comparative advantage and thereby enjoy welfare gains from trade. Recognition of the potential of markets as engines of economic development and...

In the previous article, Stephen Smith offers thoughtful arguments as to why “Christian teaching offers no support for unconditional debt forgiveness,” but rather supports “highly conditioned, prudentially-managed debt forgiveness.” In the brief thoughts that follow, I fully endorse...

Progressively targeted cash transfers remain the dominant policy response to chronic poverty in developing countries. But are there alternative social protection policies that might have larger poverty impacts over time for the same public expenditure? To explore this question, this paper...

Progressively targeted cash transfers remain the dominant policy response to chronic poverty in developing countries. But are there alternative social protection policies that might have larger poverty impacts over time for the same public expenditure? To explore this question, this paper...