Kenya stands at a crossroads. As climate change intensifies, farmers who once relied on the predictability of rains are now confronted with prolonged droughts, erratic rainfall, and devastating floods ...

Contrary to this assumption, we document that underemployment of quasi-fixed inputs or low capacity utilization rates (CUR) is common across firms, especially in poor countries. Low CURs are ...

James McWhinney is a long-tenured Investopedia contributor and an expert on personal finance and investing. With over 25 years of experience as a full-time communications professional, James writes ...