Over the next generation, Sub-Saharan Africa faces three big, inter-related challenges. Its population will double to 2 billion by 2045. By then, more than half of Africans will be living in cities. And this group of mostly young people will be connected with each other and the world through...

Do multinational firms wield more market power than their domestic counterparts? Using Hungarian firm-level data between 1993 and 2007, we find that markups are 19 percent higher for foreign-owned firms than for domestically owned firms. Moreover, markups for domestically owned firms are...

That global networks provide positive externalities to participating firms is a well‑documented fact. Less is known about how the performance of non-participating firms, especially those that are small or medium-sized, changes with exposure to an increase in the presence of globally integrated...