According to Otto von Bismarck, the father of modern Germany, ‘Laws are like sausages. It’s better not to see them being made.’ Having skimmed the report of the ‘The Commission on the Measurement of Economic Performance and Social Progress’, commissioned by President Sarkozy and released last week, I would say GDP (Gross Domestic Product, the standard measure of a country’s

I’m conscious that this blog has been somewhat heavy going this week, so here’s a reward to anyone who got through to Friday (especially for any saddoes like me who end up watching youtube at the weekend). Hans Rosling is a youtube phenomenon, a Swedish economist whose lectures on data and development have deservedly become legendary. He specializes in showing

Another day, another UN report, this time the Trade and Development Report 2009, from the UN Conference on Trade and Development (UNCTAD), released last week. It’s surprisingly forthright. Set up in 1964, in the table-thumping days of the New International Economic Order, in recent years UNCTAD had become markedly more cautious, not least under its current secretary general, the distinctly un-fiery

Cash will be king in the next few months as the crescendo of climate change negotiations builds to the big December summit in Copenhagen. In the words of Alf Wills, a South African negotiator, ‘no money, no deal’ (although European Commission President José Manuel Barroso is also credited with the soundbite). If developing countries are going to get anything like

This year’s World Bank flagship publication, the World Development Report 2010, is on climate change – a significant departure from the tradition of devoting turn of the decade WDRs to an overview of poverty. It’s an unabashed bit of climate change advocacy, remorselessly upbeat and optimistic (even when the story it tells suggests rather more gloom is in order) and

I spent some time yesterday with a group of 20 Bangladeshi small farmers (13 men, 7 women) linked to a sustainable agriculture NGO, Unnayan Dhara (sorry, they don’t yet have a website). Among other things (climate change, access to markets etc) I asked them about microfinance, given my post on Wednesday and the subsequent discussion on the comments. Here’s a

The intellectual battlefield of development is littered with magic bullets. New ideas or technologies such as the internet or mobile phones are picked up, promoted as panaceas that will end poverty and transform societies, and then rapidly cut down to size by scrutiny and research. That process seems to be well under way on microfinance. As it happens, I’m in

The criticisms of GDP as a pretty unreliable measure of well-being have been around for decades, but policy makers persist in using it as a proxy for success, in part because of the lack of credible alternatives. Now there’s an encouraging flurry of international activity at both the UN and OECD that seeks to fill the gap. In October the

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

In the end the UN Conference that considered Joe Stiglitz’s Commission’s report on the crisis was even more underwhelming than I predicted (given the chaotic preparations, which included a last minute postponement). Only 14 heads of state attended, 10 of them from Latin America; most of Stiglitz’ recommendations bit the dust (e.g. his proposal for a new Global Economic Council);

Earthquake analogies and tectonic plates have been one of the most ubiquitous clichés of the global crisis, but they remain apt. The last week has thrown up further signs of the historic geopolitical shifts that are under way. The Economist has an excellent essay on the back of the first BRICs summit, exploring the sharp economic rebound in China and to

Is there a link between the current global crisis and the technological long wave that is in the process of transforming the world economy? Carlota Perez, a Venezuelan academic who specializes in the study of technological revolutions thinks there is, and laid it out at a talk at the IPPR last week (download her podcast here). Massively simplifying a pretty complex