From the e-commerce site Taobao.com to the social media app WeChat, China has drawn global attention to its digital platform economy. A third of the top-200 digital platforms were born in China…

Rong Chen, Simeon Djankov |

Remember the famous joke about an economist who believes so much in rational expectation theory that he would not pick up a $100 dollar bill off the sidewalk under the pretense that if it were…

Justin Yifu Lin |

With Ani According to the Banco de Mexico, remittance flows to Mexico declined 36% in October 2009 on a year on year basis, the largest fall ever recorded. A closer look at the data, however,…

Sanket Mohapatra |