January 8, 2010
Hillary Clinton gave a big speech at the CGD development thinktank on Wednesday. Here are some of the things that jumped out for me: Strategic importance of development policy: ‘Development was once the province of humanitarians, charities, and governments looking to gain allies in global struggles. Today it is a strategic, economic, and moral imperative — as central to advancing
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How can tax reform build effective states?
January 7, 2010
Taxation is one of those issues that usually causes the eyes of development types to glaze over. At best it’s relegated to the ‘important but braindeath’ category. When we do talk about tax, it’s often just as a way to raise money for schools and hospitals (if aid isn’t enough to do the job, that is). This is a serious
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Can we improve aid through evolution rather than planning?
January 6, 2010
Finally got round to reading ‘Beyond Planning’ Owen Barder’s CGD paper on aid reform. Owen’s a former DFID bigwig turned Ethiopia-based consultant and blogger. Here he writes like a true economist, which can be pretty heavy going, but the paper is worth persevering with. He can also write like a human being, for example in this thoughtful and human defence
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Tobin tax update: how momentum is building for a Financial Transactions Tax
December 17, 2009
The momentum behind the Financial Transactions Tax (a tiny levy of 0.005% on all financial trades would raise about $30bn a year for climate change, development and/or filling fiscal holes) continues to grow since my last post (Why has the Tobin Tax gone mainstream?). The French government, which as far back as 2003 was the first to seriously propose the
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Breakfast (and climate change megabucks) with George Soros
December 16, 2009
Last week George Soros was passing through London and invited a bunch of NGO types for breakfast at his very nice house in South Kensington. (In case you’re interested we all got sticky pastries, but George made do with grapefruit and muesli). He was en route to Copenhagen to launch his big new idea – using the IMF to pump
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What’s on the Copenhagen table part 2: developing countries
December 15, 2009
As ministers and heads of state start to fly in, and Copenhagen (hopefully) gets serious, here’s the companion to my previous post, summarizing key developing country positions in the negotiations. Let me know if there are any mistakes/additions and I’ll pass them on. [sorry for two blogs in one day, but this week is a bit special, and I promise
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Bad aid to agriculture: lessons from West Africa
December 9, 2009
After decades of decline, aid to agriculture has started to rise in the last few years in response to a renewed understanding of the role of agriculture in triggering growth and reducing poverty (see previous blog). But some recent research from 3 countries in West Africa (Niger, Burkina Faso and Ghana) suggests that quality is as much of an issue
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Should aid support patronage politics?
December 2, 2009
In this month’s Prospect, Alex de Waal wrestles with the problems posed by state-building in countries where patronage trumps politics. This kind of ‘what do we do about fragile states’ discussion is one of the most intractable issues in development, so don’t expect simple solutions, but Alex (who is one of the most original thinkers on this kind of thing)
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How has the World Bank performed on the global economic crisis?
November 26, 2009
The Bank’s Independent Evaluation Group – an internal watchdog with a good track record in spotting problems, has just published an evaluation of the World Bank Group (WBG)’s response to the crisis. Nothing earth-shattering, but here are some highlights: ‘The greatest part of the Bank’s response in fiscal 2009 was a large increase in IBRD lending, which was unprecedented relative
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Millions Fed: 20 case studies of agricultural success
November 24, 2009
‘In the late 1950s around a billion people—about one-third of the world’s population—were estimated to go hungry every day. Famines were threatening millions in Asia and Africa in particular, and prospects for feeding the world’s booming population looked bleak. In response to this alarming picture, scientists, policymakers, farmers, and concerned individuals initiated a concerted push to boost agricultural production and
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Why has the Tobin Tax gone mainstream?
November 11, 2009
So the Tobin Tax finally went large at the G20 finance ministers’ meeting last weekend. Gordon Brown supported a financial transactions tax to repay some of the costs of the bailout and provide extra cash for development and climate change action, and a predictable backlash promptly consumed the finance pages. I won’t rehearse the press coverage (try Heather Stewart or Larry
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Charter Cities – visionary, naive or bonkers?
October 27, 2009
Charter Cities are a proposal to build cities from scratch in the world’s poorest nations, outsourcing their design and government to rich countries. Visionary, naïve or plain bonkers? Probably a bit of all three. They are the brainchild of US economist Paul Romer, who explains his idea on this (20 minute) video. He’s serious – last year he gave up
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