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The rise and fall of China’s overseas lending
China's trillion-dollar lending boom to the developing world has followed the same boom-bust pattern as past sovereign debt cycles, leaving many low-income countries trapped in a silent debt crisis with little prospect of coordinated relief.
How does cheap access to foreign technology impact the informal sector?
In Mexico, reducing tariffs on imported inputs helped workers move from informal to formal employment, particularly benefiting skilled workers who are most complementary to foreign technology.
When ethnic diversity helps development
Ethnic diversity is often blamed for poor development outcomes. New evidence from colonial Peru shows that a history of economic exchange can sustain inter-ethnic cooperation and local trade in the long run.
