A Pythonesque set of posts from various economists in reply to Queen Elizabeth II’s (no really) challenge on why their profession failed to predict the credit crunch. Pick up the trail with Thomas Palley, Lawrence Haddad or William Easterly, (among  a lot of others) As Wall Street moves into BABble (‘bonuses are back’) mode, Paul Krugman inveighs against some new

One of the more exciting proposals in the UK Conservative’s recent Green Paper on development (see previous post here) is the idea of making aid ‘Cash on Delivery’ (CoD). ‘We will commit to pay a certain amount to a recipient government for a specific measure of progress – for example £100 for every extra child who attends school, or for

Finding out which people in any given community live below the poverty line is actually quite hard. Why do it? To target services like microfinance  (let’s not get into the targetting v universal provision argument here); comparing poverty rates in different regions and countries, and tracking changes over time. But both income and consumption poverty are hard to assess directly

Two interesting ‘one pagers’ from the consistently excellent International Policy Centre for Inclusive Growth, run by the UNDP and based in Brazil. In ‘Do Conditional Cash Tranfer (CCT) Programmes Work in Low-Income Countries?’ Simone Cecchini of ECLAC takes the well-known successes of cash transfers in large middle income countries such as Brazil (Bolsa Familia) and Mexico (Oportunidades) and evaluates efforts

Back from a blissful and disconnected few days in Italy, and now paying the price in terms of catching up with the backlog of reading and emails, so this week will mostly be signposting interesting stuff, rather than trying to write anything original. Two graphics from this week’s Economist underline the rise of the G2 (US and China). First up,

This week I attended the launch of ‘One World Conservatism’, a ‘Green Paper’ (i.e. discussion document) in which the Conservative Party (who if you believe the opinion polls, are highly likely to take over from Gordon Brown’s Labour at the next election, due before next June) set out its thinking on international development. The Green Paper is the product of

How has Indonesia, the country worst affected in the late 90s by the last major financial crisis in the developing world, been coping with the current one? Quite well, according to the IMF, which predicts the economy will grow at 2.5% in 2009 and 3.5% in 2010. That’s down from the 6% average in the preceding years, but a far

One of the more unusual curtain raiser documents for the G8 summit last week was ‘Caritas in Veritate’ (Charity in Truth), the latest encyclical from Pope Benedict XVI. NGOs and development wonks tend to ignore these kinds of documents, but research shows that churches matter far more in the lives of poor people than NGOs do, so it’s worth paying

Oh dear, not only has climate change turned me into a reluctant green, but now I’m having to rethink my attitudes to organic farming. This is all the fault of a conversation with Peter Melchett and Ken Hayes from the Soil Association, who are both fervent advocates of organic agriculture (which Peter puts into practice on his own farm). What struck

The IMF has just revised April’s World Economic Outlook growth projections for 2009 and 2010 (see table). Here’s the summary on developing countries: ‘Emerging and developing economies are projected to regain growth momentum during the second half of 2009, albeit with notable regional differences. Low-income countries are facing important challenges of their own because official aid has fallen and these

As expected, some of the more aid sceptic governments will be seeking ways to wriggle out of their commitments at the G8 summit, which opens in Italy today. But rather than just say ‘we’re breaking our promises – tough’, they are floating various kinds of creative accounting to allow them to meet their commitments without actually spending more money. The

Yesterday, Oxfam published Suffering the Science, a powerful synthesis of the science and the human havoc that climate change is already wreaking. The thing that caught my eye was ‘What Happened to the Seasons?’, an input paper by my colleagues Steve Jennings and John Magrath bringing together evidence from 15 countries on how seasons are changing and the impact on