This volume contains the Papers and Proceedings of the 26th Annual Bank Conference on Development Economics (ABCDE) held on June 15–16, 2015, in Mexico City. The theme of the conference was "Productivity, Growth, and the Law," and it was hosted jointly by the Bank of Mexico and the World Bank....

It was a part of the wisdom of mainstream economics that in the early stages of development inequality would rise but, as growth persisted, it would, eventually, decline. Early evidence seemed to suggest that this pattern would be borne out. But, as time passed and growth persisted, inequality...

It was a part of the wisdom of mainstream economics that in the early stages of development inequality would rise but as growth persisted, it would, eventually, decline. Early evidence seemed to suggest that this pattern would be borne out. But, as time passed and growth persisted, inequality...