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 |

Las Vegas via Andrey Bayda / Shutterstock.com What do casinos in the Las Vegas desert, beachside cultural sites in Malta, and palm groves around centuries-old markets in Marrakech have in common?…

Richard Abdulnour, Lauren Nicole Core, Stephane Dahan |

In Mali, residents of Timbuktu take part in the maintenance of the Djingareyber Mosque, a World Heritage Site, applying traditional repair techniques. (Tiecoura Ndaou / UN Photo) Imagine a city…

Sameh Wahba, Barbara Minguez Garcia |

It has been almost four years since I first became involved with the regional public-private dialogue initiative, the Caribbean Growth Forum (CGF). In June 2012, I walked into the conference room…

Israel Mallett |

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 |

Volatility in financial markets gets wide attention in the public eye. Less noticed is what we in the development world call macroeconomic volatility—faster-than-desired swings in the broad forces…

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