Here’s the latest youtube treat from Richard Curtis for the Robin Hood Tax campaign (whose Facebook fan club just topped 150,000 people). OK, we oldies recognize Ben Kingsley, but test your yoof credentials by naming the rest of them…….. See here for more considered (if less enjoyable) posts on the subject.   Meanwhile Oxfam America’s animated short “Follow the Money” has been selected as one of

  From deep inside the boilerhouse of the Robin Hood Tax campaign, this helpful update comes from Max Lawson, Oxfam’s man in the green mask….. The weeks up to the G20 Finance Ministers meeting in Washington DC on 23 April (on the margins of the IMF and World Bank Spring Meetings) and the UK election (almost certainly on 6 May)

Inside Vietnam’s informal economy – heroic struggles! Spent Wednesday talking to a range of people in the ‘informal economy’ of Ho Chi Minh City (formerly Saigon). I was accompanying our excellent Vietnam team, who together with Action Aid Vietnam, are running a 5-year ‘poverty monitoring programme’ in 9 rural and 3 urban sites, including this one. More on that in

The Hanoi Hilton, IMF, Robert Wade and jet lag. One strange day. [any feedback on these wonku summaries, introduced in response to the reader survey?] My week in Vietnam kicks off with a weird jet-lagged day at the Hanoi Hilton c/o the IMF and the Vietnam State Bank, who organized a conference on ‘Post Crisis Growth and Poverty Reduction in

The Institute for Development Studies is a Good Thing. Located on the brutal 60s campus of the University of Sussex near Brighton, its gurus like Robert Chambers and Hans Singer have educated and inspired generations of Masters and PhD students, who then scattered to every corner of the aid industry and beyond (diplomats, politicians etc). I was down there last

‘Each time the system runs into problems, the Federal Reserve quickly lowers interest rates to revive it. These crises appear to be getting worse and worse.’ So begins a sobering analysis by Peter Boone and Simon Johnson in the CentrePiece, the journal of the LSE’s Centre for Economic Performance. The argument is contained in the two graphics. First the  historical

The Robin Hood Tax campaign has certainly struck a nerve. On the one hand, huge public support (within three weeks of the launch, 300,000 views of the Bill Nighy youtube, 120,000 fans on Facebook, 30,000 signed up on email) and serious political interest (UK parliamentary launch with 80 MPs, lobby meetings with all the major parties). But also a significant amount

I’ve always felt uneasy with using the term ‘human capital’ as a synonym for ‘people’. In this month’s issue of the consistently excellent Prospect magazine, philosopher Edward Skidelsky beautifully nails the arguments: ‘Economists, said John Maynard Keynes, should think of themselves as humble specialists, on a par with dentists. But his advice has gone unheeded. Over the past 50 years,

‘Lifting the Resource Curse’, a new Oxfam paper, revisits the difficult question of how to ensure natural resources are a blessing, and not a curse, for poor countries. Countries like Angola, where oil revenues (which represent 80 per cent of national income) are estimated at $10bn per year, yet 70 per cent of the population live on less than $2

One of the aspects which is almost invariably missing from substantive discussions on the global economic crisis (and which quite often, doesn’t even get lip service) is the gender dimension. Women and men experience crises in different ways, and are unequally affected by government responses. Often, pre-existing inequalities, which include under-representation of women at all levels of economic decision-making and

Another day, another IMF U turn, this time in a ‘Staff Position Note’ on capital controls by Ostry, Ghosh, Habermeier, Chamon, Qureshi, and Reinhardt (they seem to prefer writing by committee at the Fund – personally, I’m with Sartre: ‘hell is other people’). This comes hard on the heels of its recent rethink on inflation, part of a laudable institutional

The IMF is doing some very interesting (and praiseworthy) rethinking in response to the global crisis, if a new paper co-authored by its chief economist Olivier Blanchard is anything to go by. It’s written by and for economists, so it’s not exactly bedtime reading (unless you’re an insomniac), but here’s the highlights, and my attempts at translation. Overview: ‘The great