This volume investigates the relationship between globalization, inequality and social capital, and reveals that although strongly related, these ideas are also highly contested. The authors elucidate the interactions between these concepts, looking in detail at the conflicts and competitiveness...

With the 19th century drain, no one was certain if the benefit exceeded the cost and since the rulers were foreign the suspicion was that any investment they made was not beneficial. But the lesson for the 21st century is clear. Any drain internal or external should be minimised if not...

In the large empirical literature that investigates the causal effects of education on outcomes such as health, wages and crime, it is customary to measure education with years of schooling, and to identify these effects using the exogenous variation provided by school reforms increasing...