I had the privilege recently to spend an unscheduled hour of discussion with a group of young Tunisians who were visiting our offices. As often, on these occasions it is hard not to get captured…

Antonius Verheijen |

What would bring together the China trade shock, road blocks in the West Bank, and the Belt and Road initiative? The 6th Annual IMF-World Bank-WTO Trade Research Conference, at which staff of the…

Ana Fernandes, Aaditya Mattoo |

Today, I cover two papers from two ends of the long publication spectrum – a paper that is forthcoming in the Review of Economic Studies on the effect of decriminalizing indoor prostitution on…

Berk Özler |

We all have regular bills to pay for the ubiquitous services we consume – whether they be for utilities (water, heating, electricity etc.), credit cards, memberships, or car payments.  But, not…

Georgia Harley, Svetozara Petkova |

Trade growth has slowed sharply since the 2007-2009 financial crisis. An analysis of U.S. trade data shows that trade between unaffiliated firms (arm’s-length trade) – as opposed to trade between…

Franziska Ohnsorge, Csilla Lakatos |

Photo: SkyPics Studio/Shutterstock Data on the sharing economy (Uber, Airbnb and so on) are scarce, but a recent study estimates that the revenue growth of these platforms has been dramatic. In…

Hernan Winkler |

​Today, a quarter of the world’s population lives in urban “agglomerations”—supersized metropolitan areas that cut across jurisdictional boundaries and bring together one or more cities along with…

Ede Ijjasz-Vasquez, Philip E. Karp, Maria Angelica Sotomayor |

 Photo © Dominic Chavez/World Bank Performance budgeting (PB) has a deep and enduring appeal. What government would not want to allocate resources in a way that fosters efficiency, effectiveness,…

Donald Moynihan, Ivor Beazley |