Despite meaningful progress in the first two decades of this century, Latin America and the Caribbean remains one of the world’s most unequal regions, with gaping disparities in income that most analysts agree puts it in the position of competing with sub-Saharan Africa—with its outliers like Namibia and South Africa—for the unenviable title of the world's most unequal region. … [Read more...] about How Inequality is Inherited in Latin America and the Caribbean
Are Polls Accurate? The Power of the Interviewer in Creating Bias
Every election season, polling data fills headlines, drives campaign strategies, and sways public policy decisions. But what if the numbers aren’t as straightforward as they seem? And if subtle biases in how we ask questions or who asks them distorts our understanding of public sentiment? Our recent research sheds light on this issue by exploring a specific, yet often … [Read more...] about Are Polls Accurate? The Power of the Interviewer in Creating Bias
Unicorn Firms and Business Dynamism
In the ever-evolving landscape of global business, unicorn firms—startups valued at over $1 billion—have emerged as epitomes of business dynamism. They are not just disruptors; they are the vanguards of innovation, driving the three main components of business dynamism: entry, growth, and exit. Unicorns leverage groundbreaking ideas, cutting-edge technologies, and new … [Read more...] about Unicorn Firms and Business Dynamism
The Unexpected Ripple Effects of Disability Employment Quotas
In 1991, Brazil passed a landmark Quota Law intended to promote the hiring of people with disabilities and overcome some of the obstacles they face in the labor market. But the law, calling on companies employing more than 100 workers to allocate at least 2% of jobs to people with disabilities, came up short. It lacked compliance or enforcement, and by 2009 less than one-third … [Read more...] about The Unexpected Ripple Effects of Disability Employment Quotas
Business Dynamism is on the Decline Globally
Business dynamism occurs when new firms enter the market, existing firms expand, and less productive firms exit. But business dynamism is fading in many economies around the world, disrupting the process by which resources, such as labor and capital, are allocated efficiently in the economy. Much of the evidence for this can be seen in advanced economies, like … [Read more...] about Business Dynamism is on the Decline Globally