In 2017, a severe and prolonged drought had hit countries in Africa and the Middle East, bringing crop shortage, livestock death, water scarcity and disease. Food shortages escalated into near-…

Utz Pape |

Also available in: Français Prices in African agricultural markets fluctuate a lot: “Grain prices in major markets regularly” rise “by 25-40% between the harvest and lean seasons, and often more…

David Evans |

Ceilings on lending rates remain a widely-used instrument in many EMDEs as well as developed economies. The economic and political rationale for putting ceilings on lending rates is to protect…

Aurora Ferrari, Oliver Masetti |

This page in: Français Across European countries, women continue to earn less than men. Looking at data for full-time working women across 30 countries, we find that women would have needed an…

Gabriela Inchauste, Ana Maria Munoz-Boudet, Paola Buitrago Hernandez |

The 2018 World Development Report (WDR), Learning to Realize Education’s Promise, launched this week.  While it draws on research and collective experience—both from within and outside the World…

Deon Filmer, Halsey Rogers |

Developing countries made considerable gains during the 2000s, resulting in a large reduction in extreme poverty and a significant expansion of the middle class. More recently that progress has…

Margaret McMillan, Dani Rodrik, Claudia Sepúlveda |

Economic shocks can be painful and destructive, especially in fragile countries that can get trapped into a cycle of conflict and violence. Effective policy responses must be implemented quickly…

Utz Pape |

Imagine having to skip work every month to travel to the city center just to pay your electricity bill or your child’s school fee? Would you not worry if your income relied on remittances and you…

Leora Klapper, Ruth Goodwin-Groen |

Estimating national-level growth levels and rates is fraught with challenges. Doing so at subnational levels even more so – because of data challenges, and difficulties in attributing economic…

Apurva Sanghi, Tom Bundervoet, Laban Maiyo |

I have spoken only once before at the UN. I was then just a professor and was invited to speak on my research on labor market regulation. I was told it would be a distinguished audience. However,…

Kaushik Basu |