Fast-growing African countries are attracting private equity and risk capital as never before. The conditions attracting private investors are likely to improve.

The financial crisis should give a new impetus to governments’ efforts to improve aid effectiveness. Over the last few months, the governments of OECD countries have pledged trillions of dollars in loans, guarantees, capital injections, and other assistance in their coordinated effort to prop...

With the recent boost of emerging economies in African economic relations, a different philosophy of development co-operation is progressively gaining momentum. Indeed, there are critical differences in the way development co-operation is provided by traditional and emerging partners. For the...

The use of governance indicators, as applied to developing countries, has grown spectacularly in recent years. Following the maxim that you cannot manage what you cannot measure, international investors and official development aid agencies, together with academics and the media, have turned...

Is the social contract in Latin America broken? Many authors have suggested this is the case, given the high levels of inequality, the low levels of taxation and the low quality of public services observed in the region. This paper analyses empirically the relationship between fiscal policy,...

Support for regional economic integration in Africa runs high amongst the continent’s international development partners and African elites. However, its expression in European forms of economic integration is not appropriate to regional capacities and in some cases may do more harm than good....

L’intérêt croissant pour la qualité de la gouvernance dans les pays en développement et les économies émergentes que l’on constate depuis une quizaine d’années a entraîné une augmentation spectaculaire de l’utilisation des indicateurs de gouvernance. Fidèles au principe que...

This paper studies intergenerational social mobility in Latin America. We show that persistence in educational achievements across generations is high compared to other parts of the world. That is, not only is the income distribution in Latin America highly unequal, but profound differences in...

This working paper presents findings from an effort to evaluate the impacts of immigration policies on the welfare of migrants and their families in migrant-sending countries. It uses a disaggregated micro economy-wide modelling approach, designed to capture both the potentially positive and...

This working paper uses an agricultural household model to explore the impact of potential immigration policy reforms on the welfare of rural households in Burkina Faso. Simulation results demonstrate that, in contrast to continental migration, increased intercontinental migration has strong...