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 |

There are about 245 million migrants worldwide – around 3% of the world population. Roughly one-fifth are tertiary educated. Middle-income countries have a smaller proportion of immigrants than…

Sharmila Devadas |

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 |

With Aaron Flaeen and Saurabh Mishra Many developing countries have successfully made the transition from low-income to middle-income status, thanks to rapid economic growth, but have subsequently…

Ejaz Ghani |

PREAMBLEMy travels in Malaysia begin at the distant eastern edge of the country, in Sabah's capital, Kota Kinabalu, the strange name a reminder of the distance I have traveled from home.…

Kaushik Basu |