Ideas to Action:

Independent research for global prosperity

Tag: Economic Development

 

Viewing Africa from Beijing

This past week, a group of researchers and policymakers from Africa, China, Europe and North America gathered at the National School of Development, Peking University to discuss economic development in Africa.  The event was the authors’ workshop for the first edition Oxford Handbook of Africa and Economics. Over 40 papers were presented in parallel sessions on topics ranging from Africa’s underground economy to the economics of malaria and China's investments in Africa.

The New Penn World Tables

Today is a special day for all researchers and practitioners of economics, especially development and international economics. The new (version 8) of the Penn World Tables (PWT) has been released. The PWT revolutionized, actually by making possible, research on economic development, especially to answer questions that needed cross-country comparisons.

Behavioral Economics and Development - Saugato Datta

SaugatoEconomists, development and otherwise, often assume that people given the right information will make informed decisions in their own best interest. Not! Just like the rest of us, the poor people targeted by development programs sometimes lack self-control and fail to take actions that would benefit them in the long run, even when they understand the potential benefits.

Europe’s Policy Footprint on Development

This is a joint post with Liza Reynolds.

This blog post announces the launch of the Europe Beyond Aid initiative and presents a summary of the research and preliminary analysis in its first working paper.

Europeans more than pull their weight in aid to developing countries. Last year Europeans provided more than €60 billion ($80bn) in aid, more than two and a half times as much as the United States. European members account for just 40% of the national income of the Development Assistance Committee (DAC) but give more than 60% of the aid.

On My Wish List for the Next Administration: A US Africa Policy Worthy of Africa

Precisely as Africa is rising on the radar screens of investors and security types, it seems to be falling off the US foreign policy map. With the exception of Governor Romney’s mention of Mali (twice!) in the third debate, Africa hardly featured at all. That’s a shame, since Africa is both a growing opportunity and will become a greater threat if neglected. I’ve been deeply disappointed to see the United States reduce its engagement with the continent under the current administration, losing ground on the progress made under Presidents Clinton and Bush. Regardless of who wins on November 6, the scope for doing better—and more without more money—is obvious.

The following originally appeared on October 1 as “Missing in Africa” on ForeignAffairs.com.

Counting Haiti’s Private Sector

This is a joint post with Vijaya Ramachandran.

The first-ever National Business Census began in Haiti this month. A census of formal and informal businesses has never been conducted and there is no comprehensive business database. Although a daunting task, the census will likely help to strengthen small and medium enterprises and increase local procurement.

The survey began September 3rd and will be conducted by 500 interviewers recruited by 42 supervisors from across the country – at a cost of 26 million gourdes (around $600,000). Wilson Laleau, the Minister of Trade and Industry, explained that this survey will enable the government to assist entrepreneurs with access to credit, help meeting standards, and entering new markets. Maintaining crops, inventories, and production is notoriously difficult with disasters such as Hurricane Isaac. A comprehensive census could improve access to credit and insurance coverage for natural disasters. Prime Minister Laurent Lamothe said: “Everyone recognizes the importance of such an activity… [a census is a] prerequisite to any policy to support the development of entrepreneurship in Haiti.”

I’ve Gone Back to School

Colleagues and friends of CGD:

This week I started leave from CGD for three-plus months, to teach at Williams College. For those of you from the US west coast and outside the United States, Williams is among America’s most selective (and expensive!) small liberal arts colleges.  It’s nestled in a tiny town in the Berkshire mountains in western Massachusetts.

All That Glisters: The Golden Thread and Complexity

David Cameron co-chairs the UN Panel on the future of the development agenda, so his 'golden thread' view of development is likely to have a global impact. In the second of three blog posts looking at development policy through the lens of complexity thinking, Owen Barder asks whether the British government's golden thread is good development policy. He concludes that though it has much to commend it, it also has significant weaknesses.

The British Prime Minister, David Cameron, wants us to stop talking simply about the quantity of aid we give, and:

“start talking about what I call the ‘golden thread’, which is you only get real long-term development through aid if there is also a golden thread of stable government, lack of corruption, human rights, the rule of law, transparent information.”

This is not a new wheeze: Mr Cameron has been talking about the golden thread since before he became leader of the Conservative party. Given that he is a co-chair of the UN High Level Panel on the global development agenda after 2015, we can expect to see some of this thinking in that panel’s recommendations.

Pages