Emerging economies are routinely affected by monetary policy announcements in the US. This was starkly evident on May 22, 2013, when Federal Reserve Chairman Ben Bernanke first spoke of the…

Poonam Gupta, Oliver Masetti, David Rosenblatt |

Trade growth has slowed sharply since the 2007-2009 financial crisis. An analysis of U.S. trade data shows that trade between unaffiliated firms (arm’s-length trade) – as opposed to trade between…

Franziska Ohnsorge, Csilla Lakatos |

There are about 245 million migrants worldwide – around 3% of the world population. Roughly one-fifth are tertiary educated. Middle-income countries have a smaller proportion of immigrants than…

Sharmila Devadas |

Developing countries made considerable gains during the 2000s, resulting in a large reduction in extreme poverty and a significant expansion of the middle class. More recently that progress has…

Margaret McMillan, Dani Rodrik, Claudia Sepúlveda |

In the ongoing debate about the benefits of trade, we must not lose sight of a vital fact. Trade and global integration have raised incomes across the world, while dramatically cutting poverty and…

Ana Revenga, Anabel Gonzalez |

Investment growth in emerging market and developing economies has tumbled from 10 percent in 2010 to 3.4 percent in 2015 and was below its long-term average in nearly 70 percent of emerging an…

Franziska Ohnsorge, Lei Sandy Ye |

Growth picked up in Sub-Saharan Africa in 2014, after moderating in 2013, but remained weaker than during the pre-crisis years. It softened around the turn of the year owing to headwinds from the…

Gerard Kambou |