Argentina is rich in natural capital assets and has a historically strong middle class. Nonetheless, compared to that of its peers, Argentina’s long-run economic performance has been disappointing, affecting the country’s ability to reduce poverty and increase incomes of its citizens.This...

Reforms spurred by accession to the European Union (EU) boosted productivity and integrated Romania into the EU economic space. Gross domestic product per capita rose from 30 percent of the EU average in 1995 to 59 percent in 2016. Today, over 70 percent of the country’s exports go to the EU,...

South Africa has come a long way since the advent of democracy, but its transition remains incomplete. The first three clauses of the Freedom Charter—the historic 1955 document setting out the central objectives of the democratic movement—were (i) the people shall govern; (ii) all national...