cultural heterogeneity, the world's geographical fragmentation by ethic and religious traits, at any given time. Finally, the …

cultural heterogeneity, the world's geographical fragmentation by ethic and religious traits, at any given time. Finally, the …

James D. Wolfensohn, President of the World Bank Group, discussed what the Bank learned in coming to look at the issues …

volatility as a two-equation system, and find that higher levels of democracy and diversification lower volatility, whereas … volatility itself reduces growth. Muslim countries instrument for democracy, and measures of diversification identify volatility …. In contrast to the lack of consensus on the democracy-growth relationship, the democracy-stability link is robust. Rather …