Illicit trade in tobacco products undermines global tobacco prevention and control interventions, particularly with respect to tobacco tax policy. From a public health perspective, illicit trade…

Sheila Dutta |

It’s a cold spring day in Baku, and several students from Azerbaijan State Oil and Industry University (ASOIU) are huddled around a laptop trying to project an image onto their classroom wall.  …

Igor Kheyfets, Naveed Hassan Naqvi |

Холодным весенним днем в Баку несколько студентов из Азербайджанского государственного университета нефти и промышленности (АГУНП) столпились вокруг ноутбука, пытаясь спроецировать изображение на…

Igor Kheyfets, Naveed Hassan Naqvi |

It takes a lot to do a first Public-Private Partnership (PPP) well. In the past 12 months, we witnessed the successful financial close of two landmark PPPs: the Tibar Bay Port PPP—a first for…

Jemima Sy |

As recently as 2006, Timor-Leste was in crisis. Only a few years into independence, the country was torn by riots and political turmoil. Not surprisingly, its business climate was one of the…

Christopher Bleakley |

Editorial credit: alionabirukova / Shutterstock.com Last week, the world came to attention when the famous Hulene dumpsite in Maputo, Mozambique collapsed under heavy rains, killing at least 16…

Silpa Kaza, Lisa Yao |

Understanding macroeconomic volatility part 3Read parts 1 & 2
There’s good evidence that a country’s level of financial development affects the impact of volatility on economic growth,…

Francisco G. Carneiro, Ha Minh Nguyen, Rei Odawara |

Understanding Macroeconomic Volatility: Part 2 The fact is that a government can soften a recession by increasing spending (the counter-cyclical approach) to raise demand and output. If government…

Francisco G. Carneiro, Ha Minh Nguyen, Rei Odawara |