Capital flows to emerging market economies are deemed volatile, driven more by external than domestic factors. Surges in capital flows often generate macroeconomic imbalances in emerging markets,…

Poonam Gupta, Oliver Masetti |

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 |

Also available in: Français | العربية   A boat trip from Port Elizabeth to Kingstown, in the Caribbean country of Saint Vincent and the Grenadines, is a one-hour trip that locals take several…

Valerie Lorena |

El viaje en barco desde Port Elizabeth a Kingstown, en el país caribeño de San Vicente y las Granadinas, es un trayecto de una hora que los lugareños hacen varias veces al día. Durante uno de…

Valerie Lorena |

What does it take to make reforms work in small island countries? At the end of June 2013, twelve Caribbean countries presented a roadmap for growth in three areas -logistics and connectivity,…

Andrea Gallina |

(Photo by Chico Ferreira, available under a Creative Commons license - CC-BY-2.0)

Kerry Natelege Crawford |

También disponible en español Since the Great Recession of 2008, there has been a widespread sense of malaise among the American middle class. Their incomes are close to stagnant, employment has…

Francisco Ferreira |

Blogging from the World Bank's Indigenous Peoples Research Dissemination Workshop in Washington DC. As is well known, there are more 300 million indigenous peoples in the world.  While they…

Harry A. Patrinos |