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Talk point: which development innovations have caught your eye?

Talk point: which development innovations have caught your eye? | Development Economics | Scoop.it
We listed 12 development ideas that caught our attention in 2012. Tell us what you've heard about
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Innovative approachesd to development problems - some great ideas and insights here 

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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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Unit 4 Macro: Mauritania in search of growth and stability

Unit 4 Macro: Mauritania in search of growth and stability | Development Economics | Scoop.it
If you are searching for a vivid example of a country experiencing primary product dependency have a look at this short video report from the Financial Times. The lower middle income west African country is trying to modernise their economy but remains deeply at risk from outside external shocks including over-dependency.
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Growth 'not enough' to end poverty

Growth 'not enough' to end poverty | Development Economics | Scoop.it
Geoff Riley's insight:

Last year the World Bank reported that

 

"Over the past three decades, the extent of global poverty has declined rapidly. The percentage of people living in extreme poverty in 2013 is less than half of what it was in 1990. Based on this trend, it is possible to envision a world in which extreme poverty has effectively been eliminated within a generation. Yet today, more than 1 billion people worldwide are still destitute, inequality and social exclusion seem to be rising in several countries, and many urgent and complex challenges must be overcome to maintain the recent momentum in poverty reduction"


Here is the link to their end poverty campaign

http://siteresources.worldbank.org/EXTANNREP2013/Resources/9304887-1377201212378/9305896-1377544753431/WorldFreeOfPoverty_EN.pdf ;

 

 


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Rising inequality is a blemish on Asia’s growth story - FT.com

Rising inequality is a blemish on Asia’s growth story - FT.com | Development Economics | Scoop.it
Deng Xiaoping said: “Let some people get rich first.” He was referring to China but it turns out he could have been talking about Asia as a whole. In the past two decades, rapid growth across much of Asia has widened the wealth gap. That has caused “
Geoff Riley's insight:

Superbly relevant piece on the growth / inequality debate and some of the policy options available to Asian countries. Excellent for #econ4

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Is India still a developing country?

Is India still a developing country? | Development Economics | Scoop.it
As elections begin in the world's largest democracy, experts specialising in areas from the economy and women's rights to youth, disability and urban development offer their thoughts
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Myanmar's Tourism Boom Endangers Fragile Ecosystems

Myanmar's Tourism Boom Endangers Fragile Ecosystems | Development Economics | Scoop.it
Myanmar, also known as Burma, has opened its doors to tourism and all that goes with it: hotel construction, pollution, waste-and perhaps ecosystem loss.
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£600m of UK aid fuelling corporate scramble for Africa, claim critics

£600m of UK aid fuelling corporate scramble for Africa, claim critics | Development Economics | Scoop.it
British government accused of exacerbating poverty and inequality by prioritising multinational firms over African farmers
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Glaxo to invest millions in factories and jobs for Africa - Telegraph

Glaxo to invest millions in factories and jobs for Africa - Telegraph | Development Economics | Scoop.it
Drugmaker eyeing up sites in Ghana, Ethiopia and Rwanda for new facilities
Geoff Riley's insight:

Loads of relevant development economics questions and issues here!

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Unit 4 Macro: Focus on Rwanda

The Rwandan economy comes under special focus in 2014 because it is twenty years since the genocide. This blog provides some summary growth and development data and links on Rwanda, a country that is attracting increasing interest from students and teachers as part of their development economics course..
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Japanese philosophy at work in Ethiopia

Japanese philosophy at work in Ethiopia | Development Economics | Scoop.it
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A map of all the countries that contribute to a single jar of Nutella

A map of all the countries that contribute to a single jar of Nutella | Development Economics | Scoop.it
Popular hazelnut and cocoa spread Nutella has become such a global product that the OECD decided to use it as a case study in its latest report on global value chains. Some 250,000 tons (227,000 tonnes) of Nutella are now sold across 75 countries around the world every year, according to the OECD. But that's...
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Corruption and the economy

Corruption and the economy | Development Economics | Scoop.it
Pub economics often explains the plight of poor countries in terms of the problems posed by corruption. That approach might have some value, and to raise the quality of your analysis of this topic, it’s helpful to say why and how it might arise, and the effects it might have. Rich.
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The unevenness problem

The unevenness problem | Development Economics | Scoop.it
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Growing reliance on fewer crops will increase risk of drought and disease

Growing reliance on fewer crops will increase risk of drought and disease | Development Economics | Scoop.it
Results of 50-year study suggest changing food patterns will lead to rise in obesity and global food insecurity
Geoff Riley's insight:

Long term threats highlighted here

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Ending poverty requires more than growth, says WBG

While economic growth remains vital for reducing poverty, growth has its limits, according to new World Bank paper released today. Countries need to complement efforts to enhance growth with policies that allocate more resources to the extreme poor
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Unit 4 Macro: The Rise of Managed Exchange Rates

Unit 4 Macro: The Rise of Managed Exchange Rates | Development Economics | Scoop.it
The new IMF report on the global economy published in April 2014 includes a focus on the currency regimes chosen by emerging market countries.  An increasing number of central banks have switched from free-floating exchange rates to managed currency regimes - perhaps because they want to make more active use of.
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Sharing Prosperity, Delivering Results

Sharing Prosperity, Delivering Results | Development Economics | Scoop.it
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Unit 4 Macro: African Exports to China - Benefits and Costs

Unit 4 Macro: African Exports to China - Benefits and Costs | Development Economics | Scoop.it
Preferential market access to China is providing an important growth-enhancing outlet for African exporters that find it difficult to break into industrialised countries’ markets. But there remain dangers that current export structures and national capacity constraints may further entrap Africa given its comparative advantage in primary resources and China’s comparative advantage.
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BBC News - Knowledge economy

BBC News - Knowledge economy | Development Economics | Scoop.it
Geoff Riley's insight:

The Knowledge Economy looks like being a superb portal for students and teacher who wish to enrich and extend their understanding of the role and potential of knowledge industries as growth and development drivers. 

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Depth in Africa’s Transformation

Depth in Africa’s Transformation | Development Economics | Scoop.it
Africa is growing fast but transforming slowly. This is the message of the 2014 African Transformation Report, launched last week by the African Center for Economic Transformation (ACET). The report addresses a worry on the minds of many: in spite of impressive growth, the structure of most sub-Saharan African economies has evolved little in the past 40 years, with a poorly diversified export base, limited industrialization and technological progress, and a large informal economy whose economic potential remains mostly overlooked. In many African economies, manufacturing—the sector that has led rapid development in East Asia—is declining as a share of GDP. The worry is that without a major transformation Africa’s recent growth may soon run out of steam. The report argues that for growth to continue, Africa needs to invest in “DEPTH”–diversification, export competitiveness, productivity, and technological upgrading, all for the purposes of human well-being.
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Think Development in Poor Countries Will Reduce Migration? The Numbers Say Otherwise

Think Development in Poor Countries Will Reduce Migration? The Numbers Say Otherwise | Development Economics | Scoop.it
Our most common intuition about migration and development is just as clear: more development must cause less migration. Won’t economic growth in, say, Haiti mean that fewer Haitians want to leave? This seems as plain as the sun crossing the sky, but the data simply do not support it.
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A tale of two Mexicos: Growth and prosperity in a two-speed economy | McKinsey & Company

A tale of two Mexicos: Growth and prosperity in a two-speed economy | McKinsey & Company | Development Economics | Scoop.it
A modern, fast-growing, highly productive economy and a traditional, low-productivity one are pulling in opposite directions, reducing GDP growth and progress in living standards. A McKinsey Global Institute article.
Geoff Riley's insight:

Are you studying Mexico as one of your chosen countries of focus for the A2 growth and development paper for EdExcel? If so, this new report from McKinsey might be of particular relevance for you. Either way, there will be plenty of useful comment here on development and growth drivers and constraints.

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Paul Ormerod: Trends in Inequality: Truth and Myth

Paul Ormerod: Trends in Inequality: Truth and Myth | Development Economics | Scoop.it
Concern about inequalities of income and wealth is now a fashionable topic. It featured strongly in the gathering of the world’s top brass at Davos earlier this year. Much of the popular coverage of the topic gives the impression that not only is inequality at record highs, but that it.
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Forget the BRICs; Meet the PINEs | TIME

Forget the BRICs; Meet the PINEs | TIME | Development Economics | Scoop.it
While many emerging markets are taking a beating, a fantastic growth story in the developing world is widening and drawing in new countries
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Christina Knutsson's curator insight, March 17, 7:27 PM

Companies in the quest for business opportunities - now the PINES - maturing economies, better accessibility, more openness, improved policies, more infrastructure... and will get better.

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Is Inequality the Convenient Villain or a Misguided Obsession?

Is Inequality the Convenient Villain or a Misguided Obsession? | Development Economics | Scoop.it
Inequality is back in the news. In his 2014 State of the Union address, U. S. President Obama lamented that, “after four years of economic growth, corporate profits and stock prices have rarely been higher, and those at the top have never done better.  But average wages have barely budged.  Inequality has deepened.  Upward mobility has stalled.”   At the global scale, Oxfam is making the same point, noting in a recent report that the richest 85 people in the world own the same amount of wealth as the 3.5 billion bottom half of the Earth's population. Perhaps more surprising, the rich and powerful CEOs jetting to Davos earlier this year seemed to finally get it: capitalism cannot survive if income and wealth become concentrated in too few hands. Fighting inequality would therefore not only be the morally correct thing to do, it would also be smart economics.  And this is what a recent Staff Discussion Note from the IMF suggests: “inequality can undermine progress in health and education, cause investment-reducing political and economic instability, and undercut the social consensus required in the face of shocks, and thus tends to reduce the pace and durability of growth.”
Geoff Riley's insight:

Well worth reading for A2 macro students.

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We do not have to live with the scourge of inequality - FT.com

We do not have to live with the scourge of inequality - FT.com | Development Economics | Scoop.it
Rising inequality is widely seen as a plague. But policy makers have been reluctant to take steps to reverse it, fearing that this would distort incentives and stunt prosperity and economic growth. It is often said that political power is more
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