May 11, 2009
Can you have prosperity without growth? Yes and what’s more, we have no choice, argues the UK’s Sustainable Development Commission in a new report. As you would expect from the UK’s first ‘Professor of Sustainable Development’, author Tim Jackson is a bit of a heretic – particularly impressive because the SDC is an independent advisory body to the UK government.
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How the economic meltdown and climate change are hitting Asia – new reports
May 8, 2009
The Asian Development Bank produces a remarkable amount of frequently high quality analysis. Here are two recent examples on climate change and the impact of the economic meltdown. On the meltdown, a recent ADB Economic Working Paper uses the latest national projections for growth and past poverty performance to refine the predicts that poverty across the whole of Asia will
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IMF 2.0 or same old, same old – has the Fund really changed its tune?
May 7, 2009
Has the G20 revived the neoliberal, austerity-wielding IMF of the 1980s and 90s, are has it ushered in a new IMF 2.0 (in the words of Time Magazine) that cares about countercyclical economic policies, public services and jobs? In late April, IMF Managing Director Dominique Strauss-Khan wrote to NGOs saying ‘I would like to make it clear that we do not
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Why equity matters more than growth: The Spirit Level
May 6, 2009
‘Growth with Equity’ is motherhood and apple pie in economic policy-making these days. But in a great new book, Spirit Level, authors Richard Wilkinson and Kate Pickett argue that ‘economic growth, for so long the great engine of progress, has, in the rich countries, largely finished its work.’ Above a certain average income (the authors put it at $25,000 per
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Developing country governments are dragging their feet over the global crisis
May 1, 2009
What are developing country governments doing to respond to the damage being inflicted by the global economic crisis? Answer, according to two new papers: not much, and they could be doing a lot more. A study from the Overseas Development Institute pulls together the draft findings from studies in ten countries. The ODI finds that in terms of economic policy
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Is HIV a disease of inequality?
April 30, 2009
There is a strong statistical link between income inequality and the prevalence of HIV around the world. Göran Holmqvist, of the Institute for Futures Studies, Stockholm and Nordic Africa Institute, Uppsala, has an IPC paper out on it, and a one page summary.
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How do poor people see the impact of the global crisis? New research from five countries.
April 29, 2009
Some excellent new research on the impact of the global economic crisis: ‘Accounts of Crisis: Poor People’s Experiences of the Food, Fuel and Financial Crisis in Five Countries’. The project was run by the Institute of Development Studies, UK and builds on its pioneering work in participatory research methods to try and get inside poor people’s experiences. I’ve not come
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The rise of the informal sector and why it should be taxed
April 28, 2009
I’ve been reading a couple of interesting things on the informal economy recently. The OECD has a new book out with the engaging title ‘Is Informal Normal?’ which gives a pretty decent overview. Informal employment refers to jobs or activities that are not registered or protected by the state. Informal workers are excluded from social security benefits and the protection
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Why the UK held the line on aid spending, despite the recession
April 23, 2009
Apologies for a bit of British parochialism, but this story has wider ramifications. A combination of political leadership and grassroots activism scored a real victory for the UK aid budget yesterday. Here’s why. All the headlines on Wednesday’s budget statement by Chancellor of the Exchequer (Finance Minister) Alistair Darling were about the dire state of UK finances, and the extreme
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Taxation and development: a great new book
April 22, 2009
Finally finished an illuminating book on the link between taxation and development: (Taxation and state-building in Developing Countries), edited by Deborah Brautigam, Odd-Helge Fjeldstad and Mick Moore). Here are a few highlights – a bit long, but I’m trying to summarize a densely argued 260 page book, so bear with me. Taxation is the new frontier for those concerned with
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Natural disasters will hurt 50% more people by 2015. Why? Climate Change + Inequality
April 21, 2009
There has been some striking progress in reducing the death toll from natural disasters in recent decades. While Cyclone Sidr killed around 3,000 people in Bangladesh in 2007, similar or weaker storms killed 100 times that number in 1972 and 45 times more people in 1991, largely because governments and local communities have since taken action to reduce risk.
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Is the world running out of water?
April 20, 2009
Excellent overview of water scarcity in last week’s Economist. Here are a few highlights ‘The overthrow of Madagascar’s president in mid-March was partly caused by water problems—in South Korea. Worried by the difficulties of increasing food supplies in its water-stressed homeland, Daewoo, a South Korean conglomerate, signed a deal to lease no less than half Madagascar’s arable land to grow
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