As the world becomes increasingly urbanized, the number of megacities is growing rapidly. Today there are 37 cities worldwide with populations of greater than 10 million, and 84 with populations…

Philip E. Karp, Peter Ellis, Barjor Mehta |

Robert Allen’s recent AER paper on “Absolute Poverty: When Necessity Displaces Desire” is a fascinating read, on many levels. The paper uses linear programming (LP) to compute (four variants of)…

Francisco Ferreira |

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 |

Students at Beijing Bayi High School in China. Photo: World Bank In 1950, the average working-age person in the world had  almost three years of education, but in East Asia and Pacific (EAP), the…

Michael Crawford |

The conventional wisdom is that low world prices for oil only hurt rich exporting countries, while generating a windfall for poor net importer economies. However, in Central Asia, the story is…

Aurelien Kruse |

Russia’s economic woes continue: the recession deepened in the first half of 2015, severely impacting households, while the economy continued to adjust to the 2014 terms-of-trade shock, which saw…

Birgit Hansl |

Every minute, dozens of people in East Asia move from the countryside to the city. The massive population shift is creating some of the world’s biggest mega-cities including Tokyo, Shanghai,…

Axel van Trotsenburg |

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Birgit Hansl |

Dear Africa Can readers, we’ve heard from many of you since our former Africa Chief Economist Shanta Devarajan left the region for a new Bank position that you want Africa Can to continue…

Francisco Ferreira |

LONDON -- I'm just back from the G8 meeting in Northern Ireland, and under the leadership of Prime Minister David Cameron, we focused on some critical but often overlooked elements on how the…

Jim Yong Kim |