Kazakhstan. Photo: Kubat Sydykov / World Bank How large is the share of public procurement to GDP in middle-income and low-income countries and how it is evolving? If sizable, can public…

Simeon Djankov, Federica Saliola, Asif Islam |

California is suffering from its fifth year of drought, the states of Tamil Nadu and Karnataka in India are arguing over the sharing of Cauvery river water, and food security for 36 million people…

Aroha Bahuguna, Lalima Maskey |

Education is an investment: every year of schooling raises earnings by ten percent. Photo: Maxim Zolotukhin / World Bank Last month, I joined a group of former education ministers and experts for…

Harry A. Patrinos |

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 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 |