In public policy literature, white elephant projects are described as large-scale investment ventures which do not only crowd-out funds from smaller-scale investment opportunities, but also lead to negative social returns. This case study briefly sketches recent literature and information on...

No other food is more central to Filipinos' diets than rice, yet no food poses a greater burden on poor and near-poor Filipinos' budgets. According to the 2015 Family Income and Expenditure Survey, the poorest 20% of households' rice expenditures alone accounted for more than 19% of their total...

The global financial crisis that erupted in 2008 coupled with food and fuel price volatility are likely to affect developing countries, and within them the vast majority of the world's poor population in profound ways. This paper maps the different channels through which their effects could be...

The past thirty years or so has seen microfinance take off from small group-based lending experiments to several thousand financial service providers (FSPs) serving a growing portion of the developing world today. Nevertheless, the challenge to improve broadbased access to financial services -...

In his 5th State of the Nation Address (SONA) last July 27, 2020, President Rodrigo Duterte called on Congress to swiftly pass the bill reinstating the death penalty, specifically for heinous drug-related crimes specified under the Comprehensive Drugs Act of 2002. Pro-death penalty lawmakers and...

This paper is the 19th Jaime V. Ongpin Memorial Lecture delivered by the author last 21 October 2020. The first section discusses inequality and its double-edged nature with respect to inclusive growth and development. The paper then elaborates on the related features of oligarchy and...

President-elect Joseph Biden faces challenges both at home and abroad in the aftermath of the Trump administration. The COVID-19 pandemic has deeply affected the United States, with over 23.5 million reported cases by early 2021. Much like many nations under lockdown and reeling from supply...

The COVID-19 pandemic has affected over 200 countries and territories, leading to well over 40 million confirmed cases and over 1.1 million deaths worldwide (covid19.who.int/). While many are hopeful, an effective vaccine is not yet assured, and the world still struggles with the so-called...

Participatory budgeting offers the promise of social accountability through citizens’ engagement in public sector budget allocations. The international evidence suggests that participatory budgeting initiatives can help produce more efficient and equitable budget allocations, but that the most...

Is a dramatic slowdown in global economic growth going to erase much of the progress in the last decade in terms of human development in the developing world‘ How might the crisis affect progress towards achieving the Millennium Development Goals‘ To address these questions, this paper...