World Bank

What does it mean when a majority of the World Bank’s shareholders (measured by voting shares) decides to put capital in a new multilateral development bank (MDB) and not the World Bank itself? The flood of countries joining the Asian Infrastructure Investment Bank (AIIB) is unavoidably a soul...

“Is learning the only result worth financing in education?” That was the question posed to me at a recent World Bank debate about results-based financing in education. The question is germane because the World Bank has a large program of results-based financing in health a...

Agglomeration theory holds that clustering firms together allows them to share of knowledge and ideas, access a larger labor pool, and benefit from lower costs of production and transportation.  How does that hold up in the real world?