One of the strong messages that came out of the recent United Nations Climate Change conference in Durban was that the private sector has to play an important role if we are to globally move toward a low carbon, climate resilient -- or "climate compatible" -- future. However, private investment...

Melting glaciers and the loss of seasonal snow pose significant risks to the stability of water resources in South Asia. The 55,000 glaciers in the Himalaya, Karakoram, and Hindu Kush (HKHK) mountain ranges store more freshwater than any region outside of the North and South Poles. Their ice...

The past decades witnessed big changes in international trade with the rise of global value chains. Some countries, such as China, Poland, and Vietnam rode the tide, while other countries, many in the Africa region, faltered. This paper studies the determinants of participation in global value...

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...