The global financial crisis: financial flows to developing countries expected to fall by one quarter via Overseas Development Institute (ODI) Blog
Place and space in the spotlight: the 2009 World Development Report via Overseas Development Institute (ODI) Blog
Transforming Toward Sustainability via Earth Blog
Climate change, peak oil and all the other unfolding crises associated with pollution and resource depletion are all symptoms of one problem. There has been a fundamental change in the relationship between people and the Earth. We no longer have new frontiers to expand into when resources get scarce or our waste becomes intolerable. This change marks the maturity of the human species. Well-being now requires an equally fundamental change in how we manage our societies.
As long as the goal of expanding production and consumption is considered legitimate, we are in danger of overshooting planetary limits and collapsing. When sustainability gains legitimacy, as our primary goal, the possibility will emerge for evolving a mature social form, capable of long-term well-being. It is a...
Economic Partnerships Agreements (EPAs) – will a new broom sweep cleaner? via Overseas Development Institute (ODI) Blog
The global financial crisis. Which developing countries are most at risk? via Overseas Development Institute (ODI) Blog
The end of innocence: The fragile economics of development via Overseas Development Institute (ODI) Blog
Amor Serrano via Overseas Development Institute (ODI) Blog
Is the WTO no-deal a big deal? via Overseas Development Institute (ODI) Blog
Collapse of the WTO trade talks: A pity, and potentially a problem, but not a disaster via Overseas Development Institute (ODI) Blog
Does democracy help or hurt economic growth? via CIPE Development Blog
The question of whether democracy helps or hinders economic growth is a hotly debated one today. In a recent Foreign Policy article, Professor Yasheng Huang of MIT addresses this issue in the Asian context. The most obvious case study that comes to mind is the China-India comparison that supposedly gives the former an authoritarian edge of fast economic growth. Many believe that…
Democracies are peaceful, representative—and terrible at boosting an economy. Or at least that’s the conventional wisdom in Asia, where for years growth in India’s sprawling democracy has been humbled by China’s efficient, state-led boom. But India’s newfound economic success flips that notion on its head. Could it be that democracy is good for growth after all? If so, China better watch its back....
The economics of natural disasters via CIPE Development Blog
As China and Myanmar’s (Burma’s) death tolls from the recent calamities continue to climb, Will Wilkinson of the Cato Institute offers an interesting perspective on the role that a human hand has in the extent of damage caused by natural disasters. Of course nobody can stop a cyclone or prevent an earthquake. But the high number of casualties in the aftermath of such disasters is at least to some degree man-made.
China’s death toll stands at 41,000 and Burma now has staggering 134,000 people dead or missing. Some part of those figures can obviously be attributed to the shortcomings in the government-managed rescue efforts. But longer-term governmental policies may be as much – if not more – to blame.
The poverty that exposes people to nature’s dangers also kills. And...
The importance – and absence – of good governance indicators via Overseas Development Institute (ODI) Blog
Tackling the food price crisis: five steps via Overseas Development Institute (ODI) Blog
A Tale of Two Egypts via CIPE Development Blog
Against the backdrop of the upcoming local elections on April 8 and the arrest of over 300 members of the country’s biggest opposition group, Egypt is at a critical juncture along its path towards political and economic development with contradictions that are pulling this most populous country in the region in critically opposite directions. With 40 percent of its population living below the poverty line, the Egyptian economy is witnessing consistent growth and is attracting billions of dollars in foreign direct investment. This remarkable dichotomy is dangerously pushing the country along a perilous tight rope between either becoming the success story of economic reform in the region or driving the country into failure and instability.
At a time when the global economy is teetering...
The Japan G8 in 2008: a New Year’s Resolution for delivery on the big questions? via Overseas Development Institute - Blog
The Newest Africa Development Indicators – Growth Is Not Enough via CIPE Development Blog
The World Bank has just released the 2007 Africa Development Indicators (ADI) based on more than 1,000 indicators of economic, human and private sector development, governance, environment, etc. The report highlights some important trends. On the one hand, Africa is enjoying a period of good economic growth. As Obiageli Ezekwesili, World Bank’s Vice President for the Africa Region, pointed out, “Over the past decade, Africa has recorded an average growth rate of 5.4 percent which is at par with the rest of the world.” But on the other hand, the growth has been highly uneven and skewed toward oil- and mineral-rich countries. A BBC article discussing the ADI report contains a useful visualization of this unequal growth distribution:...... “Outsorced” institutions of market economy in China? via CIPE Development Blog
An article by Edward S. Steinfeld in last weekends’ Washington Post Outlook section presents an interesting claim about China’s attempts to develop a market economy. He observes that even though China “provides none of the checks expected of a healthy market system: a free press, an independent judiciary, meaningful property rights and a real legislature,” its economic growth shows no signs of stalling and its lure as the world’s preferred factory persists. The author’s suggestion on why those two seemingly irreconcilable trends exist is the concept of China “outsourcing” its market institutions from abroad through integration with the global economy.
The answer lies neither in some unique Chinese recipe for growth nor in some savvy dodging of global market norms on...
Physics and the Wealth of Nations via CIPE Development Blog
To say the global economy is complex would be an understatement. Economists continue to struggle to realize the secret to the wealth of nations. Recently, two physicists decided they would take a crack at uncovering the secrets of the global economy, and the results are quite interesting.
Albert-Laszlo Barabasi and Cesar A. Hidalgo R., from Notre Dame, developed a spatial model of the proximity of products in the global economy. Proximity is the measure of relatedness between products. As they explain, if a country exports apples, they will likely also be able to export pears, since they share similar inputs and technologies. Conversely, the inputs and technologies used in producing apples would be of little help in mining.
The model quantifies some common sense concepts. The model...