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 |

Globally, 56 percent of children live in countries with Human Capital Index (HCI) scores below 0.5. As these countries gear up to improve their human capital outcomes, it is vital to set a target…

Zelalem Yilma Debebe |

Zimbabwe is not known as an economic dynamo in Africa.  In fact, most people who know anything about the country probably have the opposite impression.  Yet not so long ago, Zimbabwe was the bread…

Simon Bell, Crispen Mawadza |

Those who have tried toilet training a pet dog or cat know that it is a difficult proposition. How about toilet training a flock of 30 chickens? “Why would I want to?” Because in poor countries,…

Derek Headey |

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 |