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Should countries be more like shopping malls and compete for investors on the global capital market? Shopping malls have strong incentives to price services efficiently and to deliver them as promised.
Angus Deaton said he didn’t mind poverty analysis as long as the poverty line is infinity. Stevenson and Wolfers (2013) assemble the array of survey based measures of subjective well- being (SWB), such as “life satisfaction” or “happiness” and search for income satiation.
The African Growth and Opportunity Act (AGOA) needs to be reauthorized next year and discussions about how to improve it are picking up steam. There is a lot that is unknown—when it will be renewed, for how long, and whether the renewal will be as “seamless” as everyone says they want.
There are no doubt a number of new realities created by the US Supreme Court’s decision this week to let stand a lower court ruling supporting hedge fund bond holders who refused to accept reduced payments after Argentina’s 2001 default.
I have just finished teaching a course at the School for Advanced International Studies (SAIS) at Johns Hopkins University on long-run economic development. At the urging of some of my CGD colleagues, I have put together a reading list that should be of interest to a broader development audience because it includes, in addition to the normal academic readings, a large number of fictional and nonfictional books and articles that have enhanced my understanding of economic development.
In the world of sovereign debt workouts, the relationship between Argentina and the Paris Club has tended to look like Lucy, Charlie Brown, and the football. Time and again, Argentina (Lucy) would earnestly declare interest in striking a deal to repay its debt to club creditors only to pull back at the last minute. So imagine everyone’s surprise at this week’s announcement that Charlie Brown finally got to kick the football.