"Over the past two decades, globalization, and more specifically the increased exposure to competition from low-price producers in China and India, has created a new economic environment for other emerging economies. The most advantageous way for manufacturing firms in those economies to...

"The authors compare the two merger control systems currently employed worldwide: a mandatory system based on merger size threshold and a voluntary system with ex-post monitoring and fines. The voluntary system possesses two informational advantages: (i) the enforcement agency employs more...

The Doha Development Agenda of the Fourth Ministerial Conference of the WTO opened many contentious and important questions. Global Economic Prospects 2004: Realizing the Development Promise of the Doha Agenda analyzes the most critical multilateral trade issues and suggests policy options that...

The international community finds itself at a crossroads as it approaches the last quarter of 2003. Will the Doha Agenda regenerate the multilateral consensus that has been the hallmark of successive rounds of trade liberalization since 1947 and in doing so provide new impetus for global...

This policy brief highlights the key messages for policy makers from the World Bank report "Seeing the Invisible: A Strategic Report on Groundwater Quality" (Ravenscroft and Lytton 2022a). This report and “A Practical Manual on Groundwater Quality Monitoring" (Ravenscroft and Lytton 2022b)...

Indonesia has seen vast improvements in access to education over the past thirty years. It is a good example of a country that has followed a disciplined linear approach to EFA: Indonesia focused first on primary school access, next on lower secondary school access, and is only now attempting to...

"Microfinance has been heralded as an effective way to address imperfections in credit markets. But from a theoretical perspective, the success of microfinance contracts has puzzling elements. In particular, the group-based mechanisms often employed are vulnerable to free-riding and collusion,...