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Global development 2012: a year in pictures

Global development 2012: a year in pictures | Development Economics | Scoop.it
Revisit some of the major events and topics of 2012 as revealed in our galleries and audio slideshows
Geoff Riley's insight:

The Guardian provides a feast of visual images covering some of the leading economic development stories of 2012. Their Global Development Blog is a superb resource and well worth following if you are studying or teaching global development as part of your course.

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Development Economics
Regularly updated news articles, research features and revision resources on Unit 4 macro development economics
Curated by Geoff Riley
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Economic inequality for women costs $9tn globally, study finds

Economic inequality for women costs $9tn globally, study finds | Development Economics | Scoop.it
Women earn less money than men, with less stable jobs and lower participation in the workforce – and that drags down the whole economy
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In the ointment

In the ointment | Development Economics | Scoop.it
Taking a bite out of progress ECONOMIC historians have long supposed that Africa’s historically low population density shaped its development. Rulers struggled to...
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How to close the gender gap?

How to close the gender gap? | Development Economics | Scoop.it
70% of the world’s poorest individuals are female. Girls are three times more likely to be malnourished than boys. Over 280,000 women die from pregnancy and childbirth-related complications every year.
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14 of the most important global development moments of 2014 - as told in charts

14 of the most important global development moments of 2014 - as told in charts | Development Economics | Scoop.it
With the help of ONE's excellent policy team, we rounded up the most important development news of the year, from nutrition to energy. Scroll through to catch up on major reports and findings you may have missed:
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Martin Seery's curator insight, December 26, 2014 5:24 AM

Top stuff for Longsands Global Economy

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The riddle of Argentina | VOX, CEPR’s Policy Portal

The riddle of Argentina | VOX, CEPR’s Policy Portal | Development Economics | Scoop.it
Argentina is the only country in the world that was 'developed’ in 1900 and ‘developing’ in 2000.
Geoff Riley's insight:

Here is an example of secular stagnation on a very long run scale. Argentina is the only country in the world that was 'developed’ in 1900 and ‘developing’ in 2000. Why has there been such a persistent decline in Argentina's GDP per capital relative to developed countries? Is the main answer to be found in a fundamental swift in competitiveness in Argentina's biggest industries such as farming? Or  is the decline more to do with institutional failure and the protectionist approaches of successive governments? This is a technical article but raises the issue of a very important country.

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How to sustain Africa's growth

How to sustain Africa's growth | Development Economics | Scoop.it
Africa's growth has been due to good policies and higher prices of commodities, and governments should not rely only on these higher rents to sustain it.
Geoff Riley's insight:

This article introduces students to the concept of adjusted net saving as a relevant indicator of the sustainability of growth for developing countries. Can Africa's strong recent growth performance be maintained?

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Turkey’s Recipe to Escape the Middle-Income Trap

Turkey’s Recipe to Escape the Middle-Income Trap | Development Economics | Scoop.it
By Gregorio Impavido and Uffe Mikkelsen Turkey is going through a time of economic transition, with slowing growth that risks the country being caught in a “middle-income trap,” unable to join the ...
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'We'll make driving so cheap only the rich will buy cars' - Telegraph

'We'll make driving so cheap only the rich will buy cars' - Telegraph | Development Economics | Scoop.it
BMW and rental firm Sixt join forces in plan to change the way urban residents approach motoring

Via Graham Watson
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Graham Watson's curator insight, December 8, 2014 4:59 AM

Greater depth: this article looks at alternative models of car ownership - with BMW and Sixt joining forces - and the market  for short-term car rentals.

 

As the article highlights, people only really use a car for a short period - the article states 4% of the time and thus the opportunity cost of car ownership is high.

 

Q. Why haven't we adopted this sort of model earlier?

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Is there a middle income trap?

Is there a middle income trap? | Development Economics | Scoop.it
Concerns about the so-called middle income trap may not play out in reality, writes Ha Minh Nguyen.
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How Empowering Women Can Help End Poverty in Africa

How Empowering Women Can Help End Poverty in Africa | Development Economics | Scoop.it
For far too long, women and girls in Africa have faced discrimination and inequalities in the workforce which have not only hurt them, but their families, communities and their countries as a whole. As we begin 2015, the African Union’s Year of Women’s Empowerment, one thing is clear: we will not reduce poverty without working to achieve gender equality. While most governments in Africa acknowledge that empowering women and girls is a key contributor to economic development, the fertility transi
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Davos hails Rwanda's pursuit of gender equality

Davos hails Rwanda's pursuit of gender equality | Development Economics | Scoop.it
Today, female lawmakers make up 64 percent of parliament, outperforming the world average of one in five
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EU trade agreements threaten to crush Kenya’s blooming flower trade

EU trade agreements threaten to crush Kenya’s blooming flower trade | Development Economics | Scoop.it
Kenya is one of the world’s largest exporters of cut stems, so how is the east African country faring in the face of Europe’s tough trade policies?
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Graham Watson's curator insight, January 16, 4:46 AM

Big hat-tip to Geoff Riley - an excellent article on the moral imperative for free trade and a pointer as to the dangers of regional economic groupings exploiting their power at the expense of LEDCs.

 

It's clearly a profitable industry - in 2007, I was told that Yoweri Museveni's wife - and he's the longstanding President of Uganda - was heavily involved in the industry, to the extent that there had been talk of an international airport being built to support her involvement in the sector.

 

Lots of angles to take here both trade-wise and developmentally.

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Russia counts cost of rouble support

Russia counts cost of rouble support | Development Economics | Scoop.it
Geoff Riley's insight:

Managed exchange rates - the cost of supporting a currency in free fall can be huge - here is a dramatic example.

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The Productivity of Trust

The Productivity of Trust | Development Economics | Scoop.it
The truth is that markets cannot exist without governments, and vice versa. Governments are essential to the establishment of security, justice, property rights, and contract enforcement, all of which are essential to a market economy.
Geoff Riley's insight:

The brilliant economist Ricardo Hausmann makes the case the public goods being a key driver of productivity and competitiveness in developed and developing countries. His article ranges from the general (protecting property rights and maintaining justice) to the specific (green lanes at borders). The role of government is often derided, but markets work best when public and private sector agencies and agents are working effectiveness together. This is an excellent background read.

 

"The truth is that markets cannot exist without governments, and vice versa. Governments are essential to the establishment of security, justice, property rights, and contract enforcement, all of which are essential to a market economy."

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Make policy for real, not ideal, humans

Make policy for real, not ideal, humans | Development Economics | Scoop.it
Out of the crooked timber of humanity, no straight thing was ever made. This famous remark of the German philosopher, Immanuel Kant, is particularly relevant to economists. “Homo economicus” is far-sighted, rational and self-interested. Real human
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▶ South Asia Regional Integration

Geoff Riley's insight:

Intra regional trade in South Asia is among the lowest in the world - just 5% of national output compared to  25% for the ASEAN region. This World Bank video looks at the importance of regional economic integration as a way of boosting trend growth rates for a region that contains 40% of the world's extreme poor.

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A risky state

A risky state | Development Economics | Scoop.it
Audio and Video content on Economist.com requires a browser that can handle iFrames. BETWEEN 2000 and 2011 broad indices of commodity prices tripled, easily...
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Inequality hurts growth, warns OECD

Inequality hurts growth, warns OECD | Development Economics | Scoop.it
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An important research piece on the debilitating effects of rising (structural) inequalities of income and wealth.

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