Several high-level reports have raised the concern that low-income countries, especially in Africa, are experiencing premature de-industrialization. Have the latecomers to development missed the boat? Are they growing without any structural transformation? Not really. Although their...

South Asia has one of the fastest growing economies in the world, yet it is also home to the largest concentration of people living in debilitating poverty. How do the two coexist? The paradox of South Asia is that growth has been instrument in the reducing poverty rates, but poverty rates have...