This paper has two aims. The first is to provide some explanation for the extraordinary collapse in cross-border bank lending to developing countries which has taken place since 1997. The second is to argue that it might be too simplistic to characterize banks’ behaviour in the past few years...

This paper reviews the obstacles for an appropriate financial architecture of new economy firms in developing countries by reviewing the theoretical and some preliminary empirical underpinnings of the importance of legal and institutional barriers. Apart from the more conventional institutional...

This paper studies the effect of welfare programs on work incentives and the labor supply of adults in developing countries. The document builds on the experimental evaluations of three programs implemented in rural areas: Mexico’s PROGRESA, Nicaragua’s Red de Protección Social (RPS) and...

APEC's vision of integrating the APEC has remained, for the most part, intangible. Cultural differences, socioeconomic disparity, and lack of a defined structure and leadership have been cited by many as major obstacles. Lately, there has been a proliferation of regional groups in Asia, creating...

As developing countries rapidly urbanize, the number of people living in 'slums'-neighbourhoods lacking property rights and basic services-continues to increase. Whether slum residents will ultimately share in the benefits of the cities they help build or will remain trapped in poverty is not...

Empirical studies in developing countries tend to find higher levels of socioeconomic persistence across generations compared with those of high-income economies. However, there have been relatively few advances in the identification of the drivers of such higher levels of intergenerational...

This paper examines income mobility in developing countries. We start by synthesizing findings from the available evidence on relative mobility and poverty dynamics. We then describe evidence on economic mobility obtained via synthetic panels constructed from cross-section data. We echo earlier...

Limited attention has been paid to how well social mobility measures debated and used to study industrial countries perform in analysis of low-income settings. Following brief, selective reviews of the axiomatic and econometric literatures, three mobility concepts illustrate how properties that...

The ethnographic approach has much to contribute to our understanding of social mobility. This paper provides a discussion on ethnography as a method and approach to writing and description, and reviews some ways in which themes related to social mobility in the developing world have been...