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Can cash transfers improve well-being across generations?
A large-scale conditional cash transfer programme in Chile increased earnings, reduced ethnic inequality, and improved children’s learning outcomes across two generations.
Why do many firms start informal before formalising a few years later?
Many formal firms in sub-Saharan Africa only register after operating informally for a few years in order to grow and overcome financial constraints. Evidence from Nigeria suggests that taxes and enforcement – rather than registration costs alone – a...
AI, India, and the future of service-led growth
Raghuram Rajan discusses how India's economy grew through services exports, why that model may be more resilient to AI than critics assume, and what policymakers need to get right on human capital, universities, and digital access to stay ahead.
