Investment in small firms led to monthly returns of 6% in Sri Lanka. However, the growth prospects for most of them remain unchanged.

South Korea’s industrial policy in the late 1970s played a critical role in forging its modern economy. Are there lessons for the developing world?

Clustering of firms in Indonesia only leads to substantial productivity spillovers in a few industries, suggesting the need to review cluster policies

We inform the debate on labour regulations in India by costing their burden on firms and studying the role corruption plays in increasing these costs

Nick Lea, Deputy Chief Economist of DfID, makes a strong case for why tradable growth is essential for developing countries

Misallocation, a key cause of productivity disparities across nations, is the result of many factors, making it difficult to isolate policy solutions

In a randomised controlled trial in India, the returns to a firm’s investment in worker soft skill training were nearly 250% after nine months

A new personal initiative training programme outperformed traditional business training in increasing profits for informal firms in Togo

Starting from a closed economy, trade liberalisation increases wage inequality; as costs fall further, wage inequality peaks and also starts to fall