Although financial inclusion is now recognized as an essential element of any economic development strategy that includes poverty reduction, a majority of the world's poor remain excluded from formal financial services. Since 2007, the Kenyan mobile payment scheme M-Pesa has captured world...

After decades of trade liberalization and ever greater integration of domestic economies into global markets, actors in both public and private sectors recognize the importance of innovation as a source of global comparative advantage. At the same time that governments in advanced market...