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The triple impact of school closures on educational inequality

How have school closures during the Covid-19 pandemic affected children's education? This column argues that channels operating through schools, peer effects, and parental investments have all contributed to massively growing educational inequality during the pandemic. Among 9th graders, children from low-income neighbourhoods in the US are predicted to suffer a learning loss
United States P Ugalde Araya Horace Mann M Golinc Rauh Princeton University Press A College Degree Still The Great Equalizer
Source: voxeu.org

Fair and inclusive markets: Why fostering dynamism matters

Rising inequality and firms’ market power pose challenges to the aims of inclusive growth and shared prosperity. Nevertheless, growth and equity need not be mutually exclusive. This column argues that economic dynamism is crucial for achieving sustained growth and more equal market outcomes. It shows that countries that experienced faster growth over the last four decades have
United States United Kingdom South Korea National Development International Monetary Fund Development Economics
Source: voxeu.org

Enhancing democracy's ability to deliver in an emergency

International IDEA led the development of the Working Paper, "Mechanisms of Democracy and Fundamental Rights" as part of Club de Madrid's Global Commission on Democracy and Emergencies. The Global Commission on Democracy and Emergencies was established in 2021 following the outbreak of the COVID-19 pandemic, with the aim to help democracies enhance their resilience to
Costa Rica Kevin Casas Zamora Club De Madrid Club De Madrid Global Commission On Democracy Global Commission Global Commission On Democracy
Source: idea.int

Global services value chains: A new path to development | VOX, CEPR Policy Portal

The role of global value chains for development is often told from a manufacturing or agriculture perspective. This column discusses how the rise of global services value chains offers developing countries with new opportunities by providing jobs, revenue, and productivity growth. In addition, they do so in a more inclusive way than manufacturing. Policymakers need to invest
Your Service Led Development Services Reform Promise Of Services Services Policies Palgrave Macmillan
Source: voxeu.org

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RCEP a force for recovery and growth: Comment

HANOI (Vietnam News/Asia News Network): On the very first day of the new year, the world’s largest free trade agreement – Regional Comprehensive Economic Partnership (RCEP) – officially came into effect. It is the second “mega-regional” trade pact in Asia and the Pacific, following the Comprehensive and Progressive Agreement on Trans-Pacific Partnership (CPTPP) that has become effective in December 2018.
New Zealand Republic Of South Korea Australian National University Monetary Policy Advisory Council National Financial

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