Gendercide, International Women’s Day and The Economist

March 8, 2010
The Economist magazine combines liberal economic orthodoxy (pro liberalization, anti state etc) with a politically liberal commitment to individual human rights. The latter presumably prompted this week’s cover story, Gendercide: What happened to 100 million baby girls?’ Even if it does come with the rest of the ideological baggage, (more on that later) it’s hard to think of any other
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Is BRAC the first international NGO from the South?

March 5, 2010
Thinking Big, Going Global is a new IDS working paper on what is arguably the first fully fledged international NGO from the South. Since 2002, BRAC, a Bangladeshi NGO, has gone global, expanding its programme of ‘microfinance plus’ (education, health, enterprise support, etc) to Afghanistan, Liberia, Sierra Leone, Southern Sudan, Tanzania, Uganda, and Pakistan, formally establishing BRAC International in mid
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Ending the Doomsday Cycle of global finance

March 4, 2010
‘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
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The State of World Hunger in Graphs

March 3, 2010
This from the FAO’s ‘State of Food Insecurity in the World 2009’. Click on the graphs. After decades of improvements, the number of undernourished people (in millions) in the world has been rising rapidly since the mid 1990s.       Even as a proportion of total population, hunger started rising in the middle of the last decade    
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The Robin Hood Tax takes off: update, arguments and counterarguments

March 1, 2010
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
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Why ‘Human Capital’ is an abomination

February 26, 2010
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,
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Lifting the Resource Curse (or how to make finding oil a blessing)

February 25, 2010
‘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
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The gender impact of the global meltdown: 7 new papers and a video

February 24, 2010
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
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More IMF revisionism, this time on capital controls

February 22, 2010
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
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A big rethink at the IMF, with subtitles for non-economists

February 19, 2010
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
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Natural Resources and Development Strategy after the crisis: useful (but flawed) new World Bank paper

February 18, 2010
The World Bank’s influential PREM (Poverty Reduction and Economic Management Network) team has a new series of topical notes, pulling together its research on breaking issues (they’ve obviously been reading the literature on using research for influence – rehashing existing research at the right moment for policy makers is one of the most effective forms of influencing). It’s called ‘Economic
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Is the spread of supermarkets in poor countries good news or bad?

February 17, 2010
Supermarkets are not just a northern phenomenon, but are spreading fast across the developing world. Some of them arrive from outside, like the giant Tescos outside my hotel on a recent visit to Korea; others are homegrown. Either way, they are having a big impact on the lives and prospects of farmers, large and small. Thomas Reardon at Michigan State
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