The authors review the economic principles that should guide the efficient choice of targeted policies for environmental protection. They recommend policy instruments along three dimensions: (1) whether they use economic incentives; (2) whether they target environmental damage directly; and (3)...

Africa’s precrisis growth and poverty reduction was the result of increased external resources, a buoyant global economy and—crucially—improved economic policies. Although it is still the world’s poorest region, the prospects for resuming growth are good. Additional resources and further...

This paper argues that climate change poses two distinct, if related, sets of challenges for poor rural households: challenges related to the increasing frequency and severity of weather shocks and challenges related to long-term shifts in temperature, rainfall patterns, water availability, and...

A majority of the poor in Indonesia come from agricultural and self-employed households. Moreover, the largest single contribution to poverty reduction between 1990 and 1993 came from within-sector welfare gains to self-employed farm households. Data show that the role of the labor market in...

Using household level panel data from Nicaragua, this paper explores the impact of the recent coffee crisis on rural households engaged in coffee production, and coffee labor work. Taking advantage of the panel structure of the data, a number of findings emerge: a) while overall growth between...

Informality: exit and exclusion analyzes informality in Latin America, exploring root causes and reasons for and implications of its growth. The authors use two distinct but complementary lenses: informality driven by exclusion from state benefits or the circuits of the modern economy, and...