This report focuses on the contribution that international capital makes to economic development. While the report pays close attention to the events of the rec

Countries regularly track gross domestic product (GDP) as an indicator of their economicprogress, but not wealth—the assets such as infrastructure, forests, m

This paper examines the empirical relationship between long–run growth and the degree of financial development, proxied by the ratio of bank credit to the pri

The world's demand for food is expected to double within the next 50 years, while the natural resources that sustain agriculture will become increasingly scarce

Since many policymakers aspire to pull their countries out of the middle-income trap and into the ranks of high-income countries, they must understand the facto