Firms and entrepreneurs of all types-from microenterprises to multinationals-play a central role in growth and poverty reduction. Their investment decisions dri

'Institutions fix the confines of and impose form upon the activities of human beings.' --Walton Hamilton, 'Institutions', 1932. The 'World Development Report 2

The 'World Development Report 2005' is a useful guide to the economic, social and environmental state of the world today. It provides an in-depth analysis of a

Rising densities of human settlements, migration and transport to reduce distances to market, and specialization and trade facilitated by fewer international di

Why are carefully designed, sensible policies too often not adopted or implemented? When they are, why do they often fail to generate development outcomes such