This book brings together academics in the fields of economics, political science, and law, with business practitioners in the fields of risk assessment and portfolio management. Their contributions are sequenced to tell a story. Africa is perceived as being a highly risky continent. As a...

Civil war conflict is a core development issue. The existence of civil war can dramatically slow a country's development process, especially in low-income countries which are more vulnerable to civil war conflict. Conversely, development can impede civil war. When development succeeds, countries...

VOLUME 1: AfricaVOLUME 2: Europe, Central Asia, and Other Regions"This is a superb manuscript, and one that will become a standard reference in the field for students of conflict and civil war." -Robert Bates, Eaton Professor of the Science of Government, Harvard University The two volumes of...

VOLUME 1: AfricaVOLUME 2: Europe, Central Asia, and Other Regions"This is a superb manuscript, and one that will become a standard reference in the field for students of conflict and civil war." -Robert Bates, Eaton Professor of the Science of Government, Harvard University The two volumes of...

This paper sets flight capital in the context of portfolio choice, focusing upon the proportion of private wealth that is held abroad. There are large regional differences in this proportion, ranging from 5 percent in South Asia to 40 percent in Africa. We explain cross-country differences in...

On the basis of a comparative study of 23 episodes involving commodity price shocks we find that both the public and private sectors typically save around half of a windfall gain resulting from a price rise. We argue that private windfalls should be left with the private sector rather than...