How a Fake Country Fooled the Big Banks

As an emerging markets investor in 19th century South America, it was tough to find out what was really happening. At best, up-to-date news had a three month journey. Even with good winds, the round trip between London and South…

Deciding When To Give Cash

At home and in developing nations, we can ask if the best way to fight poverty is by giving goods and services or through cash transfers.

Comparing Welfare in 13 Countries

Although the per capita GDP gap between two countries could appear large, the difference shrinks when you bring welfare into your calculations.

The Country That Was Called a Serial (Debt) Deadbeat

When an emerging markets nation like Argentina has a vulnerable economy, then the pandemic lockdown can create a sovereign debt default.

Handy Coffee Facts to Know During a Pandemic

From the growers through transport, roasters in the U.S. are concerned with the pandemic’s impact on the coffee supply chain.

How Hershey Kisses and COPEC Are Like Oil and OPEC

Hershey kisses and COPEC might be like petroleum and OPEC if the Ivory Coast and Ghana are able to elevate cocoa bean prices.

What Grandma Says About China’s One-Child Policy

Because of China’s one-child policy, an aging population of grandparents will wind up with fewer young people to take care of them.

The Mystery of the Missing Services

Much less visible than the goods that travel in huge container ships, the global trade in services can be seen when we just look at everyday activities.

The Inside (and Outside) Story of India’s Air Pollution

Inside and outside, India’s air pollution is a story of the tragedy of the commons that so far has not had a happy ending.

Why Development Economics Has a Plumbing Problem

Comparing development economics to plumbing, one of this year’s Nobel Memorial Prize winners says she observes what works in the real world.