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Views from the Center

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Impact Evaluation and Political Economy: What Does the “Conditional” in “Conditional Cash Transfers” Accomplish?

Some economists, with their recent fad for "evaluation", have managed to get themselves deeply confused about what the "conditional" in "conditional cash transfer" (CCT) is really about. They often interpret the "effectiveness" of CCTs relative to the action/behavior/outcome that was conditioned on—for example, the impact of schooling-conditioned transfers on enrollment rates.

How to Turn Citizens into Owners of National Wealth

This post, co-authored with Alan Gelb, was originally published in Financial Times: This is Africa

On November 28 Anadarko Petroleum doubled the estimate of its massive Mozambique gas discovery. If this proves correct, Mozambique will become a major gas exporter and can expect a hefty windfall.

Mozambique is not alone. Per square mile, proven sub-soil assets in poor countries — notably in Africa — are only about one quarter of those in better-explored, rich countries. Not surprisingly, high prices and new technologies are driving new oil, gas, and mineral discoveries across the developing world. Billions of dollars will be pumped into countries like Uganda, Liberia, Papua New Guinea, Mongolia and Bolivia. While this should be good news, it also raises concerns.