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World Bank's Internal Evaluation Report is out now

Ieg_report_2 Since the mid-1990s, 86 middle-income countries (MICs), defined as having GDP per capital ranging from $1000 to $6000, have borrowed the total of $163 billion and their average real incomes grew by

When do creditors' rights work?

There's much talk about the need for creditor-friendly laws in order to provide more capital to private sector. But how much is a better lenders' right to collateral worth in an absence of effective enforcement?

The Poverty and Growth Blog is back

Ignacio Hernandez's picture

... a bit later than planned. Apologies.

 

Our excuses also to those who sent comments during the Summer and didn't see them published. The spam we have been getting has reached overwhelming levels and we have to redesign slightly the "comment" section. It should be working very soon.

 

We will also continue with our Fridays Academy series, and will add new features in upcoming weeks, so stay tuned.

 

Thank you

What are entrepreneurs really good for?

Having analyzed roughly twelve years of empirical economic research, Mirjam van Praag and Peter Versloot say that entrepreneurs, apart from being good at creating jobs, bring joy to the workplace:

Entrepreneurs pay not only lower wages, but offer fewer benefits. However, apparently, entrepreneurs offer other intangible benefits to their employees because their employees are more satisfied with their (lower paid and less secure) jobs than the employees of their counterparts.


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