The consensus among scholars and policymakers that "institutions matter" for development has led inexorably to a conclusion that "history matters," since institutions clearly form and evolve over time. Unfortunately, however, the next logical step has not yet been taken, which is to recognize...

The consensus among scholars and policymakers that 'institutions matter' for development has led inexorably to a conclusion that 'history matters' since institutions clearly form and evolve over time. Unfortunately, however, the next logical step has not yet been taken, which is to recognise...

What major insights have emerged from development economics in the past decade, and how do they matter for the World Bank? This challenging question was recently posed by World Bank Group President David Malpass to the staff of the Development Research Group. This paper assembles a set of 13...

The consensus among scholars and policymakers that "institutions matter" for development has led inexorably to a conclusion that "history matters," since institutions clearly form and evolve over time. Unfortunately, however, the next logical step has not yet been taken, which is to recognize...

The consensus among scholars and policymakers that "institutions matter" for development has led inexorably to a conclusion that "history matters," since institutions clearly form and evolve over time. Unfortunately, however, the next logical step has not yet been taken, which is to recognize...

There are inequalities in the world, among individuals and among groups that get reproduced across generations. In the World Development Report 2006 these are referred to as inequality traps. Inequality traps are similar to poverty traps in that they serve to keep people poor and destitute. But...