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The idea of meritocracy, in its changed positive sense, has become popular in much of Asia and in the two mega-economies of the region,…
Research Summary The microfinance “group lending” approach has achieved widespread success in promoting high rates of repayment, and thus…
Decades of low inflation led to widespread use of dollar-denominated financial instruments with fixed interest rates and long maturities.…
Taiwan has inherent military value, and thus its fate will in large part determine the U.S. military’s ability to operate in the region. As…
The authors emphasize that the world urgently requires trillions of dollars to invest in climate action and biodiversity protection to keep…
We estimate the equilibrium effects of a public school grant program administered through school councils in Pakistani villages with…
While experts, commentators, and many others have been urging Washington to discount or even ignore Putin’s threats, U.S. President Joe…
“In 2008, the Chinese government cracked down on protests throughout Tibet, and journalist Amy Yee found herself covering a press…
We study the impact of providing school and child test scores on subsequent test scores, prices, and enrollment in markets with multiple…