Today in the FT: “Sugar prices suffered their biggest one-day sell-off in 30 years on Thursday, tumbling by as much as 11 per cent after speculators pulled out from the market in the wake of dizzying gains. The sell-off, which came just hours after the sweetener hit a 30-year high, started after the European Commission granted further export licences for

The G20 summit takes place in Seoul today and tomorrow, the first such gathering in a non-G8 country. I’ve been following the G20 process from a distance and it’s fascinating – here’s a few reflections. The moment: the financial crisis of 2008/9 saw the G8 publicly hand over the reins of international coordination to the G20. What happens next? Will it

An intriguing new paper from Paul Segal at the University of Sussex kicks off with a great quote from Mr Getty “The meek shall inherit the Earth, but not its mineral rights”. Segal wonders what might happen if governments defied that prediction, and just handed over the income from oil, mining etc directly to poor people as unconditional cash transfers

Every development research paper I ever absent-mindedly skim pore over with fascination seems to end with NMR (needs more research) – a blatant piece of self-justification, but usually justified (anyone got any candidates for areas where we need less research? Anything involving cross country regressions or ‘discourse analysis’ perhaps?) But research on what? Research funders are ever-hungry for the next

Is the IMF going socialist? Hardly, but on Monday Dominique Strauss-Kahn, its Managing Director, gave a pretty extraordinary (and welcome) speech, entitled “Human Development and Wealth Distribution”. Here are a few excerpts: “Adam Smith—one of the founders of modern economics—recognized clearly that a poor distribution of wealth could undermine the free market system, noting that: “The disposition to admire, and

Ever wondered how much global environmental damage is caused by human activity? A new study puts it at 11% of global GDP ($6.6 trillion), a third of it caused by the world’s 3,000 largest companies. The study was commissioned by two UN-backed initiatives, Principles for Responsible Investment and the UNEP Finance Initiative with a clear purpose in mind. They are trying

Listening to the exchanges in the British Parliament recently brings back the genius of Yes Minister, a long gone British political comedy that, I am told, has been used to train French civil servants in understanding their Brit rivals, counterparts. The references are from 1981 (with links for younger readers, non-anglophiles and amnesiacs), but the excuses are as good as ever.

I spoke last night at an event in the House of Commons. It was held at Portcullis House, an architectural monstrosity next to Big Ben which despite its name is a new bit, so no-one’s been executed there. Yet. The subject was a BS (blue skies) session on ‘Beyond the MDG Summit: What next for global poverty reduction?’ The thread

Just been reading ‘Helping Africa to Feed Itself: Promoting Agriculture to Reduce Poverty and Hunger’, a paper by Steve Wiggins and Henri Leturque, both of the ODI. It’s a brilliant and to my mind, very fair overview, with one of its main messages being that regional generalizations about Africa are usually misleading – some subregions of Africa (eg West and

I really enjoyed (if that’s the right word…) the Millennium Ecosystem Assessment, but when it got to its recommendations, it struck me as incredibly formulaic. In that respect, it resembled an awful lot of the stuff I read (and, I fear, write) from thinktanks, international organizations and NGOs – fascinating diagnosis; shame about the cure. So based on the MAE,

On Monday night I joined the besuited masses of the UK development scene to sit at the feet (OK, in a crammed 400 seat lecture theatre) of Bill and Melinda Gates as they promoted the ONE campaign’s ‘Living Proof’ project on effective aid. It was great to hear an optimistic message on aid and development for once, especially when it

It was World Food Day on Saturday, in case you missed it, and Owen Barder had a typically thought-provoking reflection on the links between agriculture and development. He starts off by quoting Amartya Sen’s words from 30 years ago, “Starvation is the characteristic of some people not having enough food to eat. It is not the characteristic of there being not enough