South Korea has been held out as an economic miracle—as a country that successfully completed the transition from underdeveloped to…
Suppose that international sharing risk—worldwide or with large numbers of countries—were costly. How much risk-sharing could be gained in…
Ideas are strangely absent from modern models of political economy. In most prevailing theories of policy choice, the dominant role is…
Substantial progress in the fight against extreme poverty was made in the last two decades. But the slowdown in global economic growth and…
China's rise as an economic powerhouse raises a number of questions that are the subject of lively debate. How did the country do it? How…
At present, there is renewed interest in the informal economy worldwide. This renewed interest has rekindled some of the old debates about…
Whether in the domains of scholarship or practice, important advances have been made in recent years in our understanding of how culture,…
The coherence and effectiveness of engagement with the world’s ‘fragile and conflict- affected states’—beyond ethical imperatives and geo-…
We consider a model of technological learning under which people “learn through noticing”: they choose which input dimensions to attend to…
The acronym ‘PFM’ stands for Public Financial Management: But what is public financial management? This short note tries to demystify the…