This paper reports on the first randomized evaluation of the impact of introducing the standard microcredit group-based lending product in a new market. In 2005, half of 104 slums in Hyderabad, India were randomly selected for opening of a branch of a particular microfinance institution...

This paper reports on the first randomized evaluation of the impact of introducing the standard microcredit group-based lending product in a new market. In 2005, half of 104 slums in Hyderabad, India were randomly selected for opening of a branch of a particular microfinance institution...

This paper uses civil conflicts in Southeast Asia to illustrate the economic causes and consequences of the conflicts on the economy. It argues that the causes of conflicts in this region are consistent with what predicted by theories that link economic growth and inequality to the motives and...

This paper provides narrative background on economic and political development of the 11 countries in Southeast Asia. It shows that post-World War II development experience, economic policies, and current economic performance in each country have deep historical roots, at least back to the...

This paper analyzes macroeconomic growth of the economies in Southeast Asia since the end of the Second World War. It argues that there appears a convergence in development strategy among the economies in this region in recent decades. With few exceptions, every economy in Southeast Asia has...