The paper reviews what we know about the possibilities of designing and implementing policy measures that raise the contribution of the extractive industries' production/consumption links to economic growth and wellbeing, and reviews how policies pursued by various governments have succeeded. It...

The recent global financial crisis has intensified concerns over how nations - both developed and developing - can revitalize economic growth and ensure opportunity for prosperity to all citizens. Many analysts and policymakers alike are looking to new business creation and the promotion of...

"Some cities seem destined to become major financial capitals, yet never do - Seville, for instance, was the centre of Spain's opulent New World Empire, but failed to become a financial metropolis. Others, like former colonial backwater Hong Kong, defy the odds by growing into major trading...

Frontmatter -- Contents -- Foreword -- Acknowledgments -- Introduction -- 1. Where the Streets Are Paved with Gold -- 2. A Theory of Urban Wealth -- 3. Markets -- 4. Competitive Financial Centres -- 5. Economic Growth, Production, and Consumption -- 6. The Ecology of Urban Economies -- 7....

Using firm level data on 70,000 enterprises in 107 countries, this paper finds important effects of access to finance, business regulations, corruption, and to a lesser extent, infrastructure bottlenecks in explaining patterns of job creation at the firm level. The paper focuses on how the...

We work with a panel of bilateral trade flows from 1988 to 2002, exploring the influence of infrastructure, institutional quality, colonial and geographic context, and trade preferences on the pattern of bilateral trade. We are interested in threshold effects, and so emphasize those cases where...

Using firm level data on 70,000 enterprises in 107 countries, this paper finds important effects of access to finance, business regulations, corruption, and to a lesser extent, infrastructure bottlenecks in explaining patterns of job creation at the firm level. The paper focuses on how the...

Following the collapse of planning, new small and medium-sized firms rapidly emerged in all transition economies. Using firm level data, we investigate the interaction between the widespread opportunities for new business activities such firms faced and their business environment. The business...