This paper attempts to distill and integrate findings on the role that exchange rates, and their valuation, play in determining the fortunes and deficits of nations. It documents the symmetric effects of currency valuation on economic growth and imbalances in the current account. It is...

A stylized fact of development literature is that there is an inverse relationship between farm size and land productivity. This has been interpreted to indicate that labor dualism is a pervasive phenomenon in the rural areas of developing countries. A large survey (1976-77) of Indian farm...

Vietnam's high economic growth in the 1990s led to sharp reductions in poverty, yet over the same time period inequality increased. This increased inequality may be less worrisome if Vietnamese households experience a high degree of income mobility over time. This is because high mobility...

January 2000 - Vietnam's gains in poverty reduction between 1992 and 1998 were striking, and the country's impressive growth has been fairly broad-based. Households that have benefited most are well-educated, urban, white-collar households, while agricultural workers, ethnic minorities, and...