Low-income countries are being hit hard by the global financial crisis. They are facing a sharp contraction in export growth, FDI inflows, and remittances, and lower-than-committed aid. But a marked recovery is in prospect for 2010 helped by rising world demand and supported by short-term...

There is increasing scholarly evidence that financialization has contributed to rising income inequality, especially by concentrating income among the affluent and rich. There is less empirical research examining who is losing out to the affluent. This paper fills this gap by examining how three...

"This paper investigates the extent of vengeful feelings and their determinants using data on more than 89,000 individuals from 53 countries. Country characteristics (such as per-capita income, average education of the country, presence of an armed conflict, the extent of the rule-of-law,...