Intro -- Contents -- Acknowledgments -- Introduction -- Institutions Matter for Development -- Institutional Reform Is Possible -- Institutions, Governance, and Incentives in Banking: Safety Net Arrangements -- Capital Markets and Legal Institutions -- Reforming the School in Latin America and...

The note looks at what it takes for countries, and firms to "learn how to learn". Education is vital, for at least two reasons. First, it has always been a critical complement to technological advance. Emerging evidence suggests that the knowledge transfer benefits of foreign direct investment...