The Obama administration in the USA, the Cameron government in the UK, and other donors talk almost daily about developing countries owning and directing their health programmes. But are donors ready to do so? And what would that look like? In most cases, donors control exactly how their money will be spent. The donor defi nes the priorities. We have some ideas to change the dynamic, from the b...

We provide cross-country evidence to examine how financial market development affects innovation. Using a large data set including 34 developed as well as emerging countries, we differentiate the impacts of equity market and credit market development on a country’s innovation productivity measured by patenting. Our baseline results show that, while the development of equity markets encourages i...

Sugarloaf mtn sunset Rio Brazil is a country of continental proportions. It takes the same amount of time to fly between the UK and France as it does to fly across just one state in Brazil. With a population of around 185 million, Brazil is the sixth most populous country in the world after China, India, the USA, Indonesia, and Russia. Brazil is one of the BRIC countries—Brazil, Russia, India, ...