In the standard model of corruption, the
rich are more likely to pay bribes for their children's
education, reflecting higher ability to pay. This prediction
is, however, driven by the assumption that the probability
of punishment for bribe-taking is invariant across
households. In many developing countries lacking in rule of
law, this assumption is untenable, because the enforcement
of law is not impersonal or unbiased and the poor have

This paper uses data from a large survey
of Chinese firms to investigate whether local government
efforts to facilitate market development improve firm
efficiency. Both government provision of information about
products, markets, and innovation and government assistance
in arranging loans are positively associated with firm
efficiency. Those private firms with weak access to and
knowledge of financial, input, and product markets benefit

Amidst all the hoopla about China's
rise, it is useful to remember that China is a developing
country whose transition to a market economy is not yet
complete, with institution building still underway. The
uneven pace of progress is reflected in the state of its
public sector, but in some respects, China s public sector
looks formidable. Most often mentioned is the government s
treasure chest of US$3 trillion in foreign reserves. Even

There is now broad consensus among
policymakers that social protection is a powerful way to
fight poverty and promote inclusive growth. This
international consensus is most clearly articulated in the
African Union's Social Policy Framework (SPF), which
was endorsed by all African heads of state in 2009. The SPF
explains that social protection includes 'social
security measures and furthering income security; and also

This article reviews trends in poverty,
economic policies, and growth in a sample of African
countries during the 1990s, drawing on the better household
data now available. Experiences have varied. Some countries
have seen sharp drops in income poverty, whereas others have
witnessed marked increases. In some countries overall
economic growth has been pro-poor and in others not. But the
aggregate numbers hide systematic distributional effects.

This Country-Level Effectiveness and
Accountability Review (CLEAR) examines the efficacy of
microfinance aid in Madagascar, based on an objective
analysis of donor assistance for the sustainable development
of financial systems targeting the poor. The three levels of
the financial system are the micro level (e.g., retail
institutions), the meso level (e.g., apex, technical service
providers), and the macro level (e.g., regulations and

Russia and other countries in the
commonwealth of independent states that have implemented
voucher privatization programs have to account for the
puzzling behavior of insiders manager-owners-who, in
stripping assets from the firms they own, appear to be
stealing from one pocket to fill the other. This article
suggests that asset stripping and the absence of
restructuring result from interactions between insiders and

Kazakhstan aspires to become one of the
world s 30 most developed economies by 2050. The focus is on
laying the basis for the accelerated diversification of the
economy through industrialization and infrastructure
development, including enhancing human capital to drive
innovation and economic efficiency. This country economic
memorandum report adopts an analytical framework that looks
into options that will be explored to help authorities think

Kazakhstan aspires to become one of the
world s 30 most developed economies by 2050. The focus is on
laying the basis for the accelerated diversification of the
economy through industrialization and infrastructure
development, including enhancing human capital to drive
innovation and economic efficiency. This country economic
memorandum report adopts an analytical framework that looks
into options that will be explored to help authorities think

Zambia shares its robust economic growth
and capital inflows in the past few years with other
Sub-Saharan countries, growth supported by high commodity
prices that while declining are still at historical high
levels. High commodity prices have induced large foreign
direct investment (FDI) flows, mainly in extractive
industries but also in services sector, supporting growth.
Zambia's mining sector has benefited from FDI,

Regional trade in Africa can play a
vital role in diversifying economies and reducing dependence
on the export of a few mineral products, in delivering food
and energy security, in generating jobs for the increasing
numbers of young people, and in alleviating poverty and
promoting a shared prosperity. Women play a key role in
trade in Africa and will be essential to Africa's
success in exploiting its trade potential. In many countries

Sector approaches to combating corruption have gained momentum in recent years, yet the strategic prioritization of sector anti-corruption initiatives is still the exception. The National Water Directorate in Mozambique is one of the few public sector departments in the world known to have allocated its own resources to developing a sector-specific anti-corruption strategy. Its experience offers valuable lessons for others considering integrating anti-corruption in sectors.