Growing a business is not easy, and for women firm owners the challenges can be acute, especially when they are poor and run subsistence level firms. In developing countries, 22 percent of women…

Mayra Buvinic, Joao Montalvao, Amy Copley |

Small-scale entrepreneurship is widespread in developing countries, yet very few of these entrepreneurs are successful in growing their businesses beyond initial levels. Many constraints play a…

Bilal Zia |

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 |

We know that fiscal policy can be harnessed to reduce inequality in low- and middle-income countries, but until now, we knew less about its ability to reduce poverty. Our recent volume looks at…

Gabriela Inchauste, Nora Lustig |

Global economic growth is accelerating. After registering the slowest pace since the 2007-2009 financial crisis in 2016, global growth is expected to rise to a 2.7 percent pace this year and 2.9…

Ayhan Kose, Raju Huidrom, Franziska Ohnsorge, Naotaka Sugawara |

When people spend money, their decisions are often influenced by the desire to signal wealth and attain social status. This insight is not entirely new – even Adam Smith, in the Wealth of Nations…

Martin Kanz |

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 |

The potentially deleterious effects of gender disparities on growth and poverty reduction have been receiving progressively more policy attention (reflected, for instance, in the inclusion of the…

Rita Costa, Bob Rijkers |