A companion to Global Development Finance 2009. The slowing of global growth, which preceded the financial crisis by several months, prompted commodity prices to start falling in mid-2008. The eruption of the full-blown crisis and the rapid drop-off in economic activity since September of that...

Economic progress is accompanied by a fundamental spatial transformation where the economic landscapes of countries become increasingly uneven. The journey from low incomes to high incomes involves rising concentration of prosperity in a few places. Connecting people to prosperity - is the...