Roughly a little under half of the world's population is mired in poverty, most in the developing world--about 3 billion people constitute the global base of the economic pyramid. Building on earlier work by Banerjee and Duflo (2007), this paper uses survey data from three countries in order to...

Elaborating on the concepts first introduced in Global Public Goods, this book addresses the long overdue issue of how to adjust the concept of public goods to today's economic and political realities. The production of global public goods requires the orchestration of initiatives by a large...

This article develops a model of trade-induced learning whereby both domestic and cross-border learning externalities could drive long-run growth. This framework is used to synthesise the emerging empirical evidence, revealing how trade-induced learning could underpin the mechanics behind trade...

Developing countries could be facing two linked trends that are potentially detrimental to their development prospects: outmigration of high-skilled professionals and the potential decline in remittances as migrants with higher skills may be less likely to remit or may remit less if they do....

This paper presents metrics to estimate the size of political dynasties in the 15th Congress of the Republic of the Philippines and analyze the relationship between political dynasty and socio-economic outcomes. Results show that political dynasties comprise 70 percent of jurisdiction-based...

The poverty penalty refers to the relatively higher cost shouldered by the poor, when compared to the non-poor, in their participation in certain markets. By trying to further develop this concept, this paper clarifies some of the subtle and more direct ways through which the poor could be...

Countries that have most successfully used trade as part of a high growth strategy tend to exhibit a distinct trading pattern that maximises learning. The evidence points to three main strategies: first, trading itself matters, as firms learn from a larger market; second, with whom you trade...