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Extreme poverty could be wiped out by 2030, World Bank estimates show

Extreme poverty could be wiped out by 2030, World Bank estimates show | Development Economics | Scoop.it
World Bank head speaks of 'auspicious moment in history' amid criticism rhetoric is not being matched with detailed policies
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Ambitious targets from the World Bank and a stronger focus on inclusive growth but plenty of critics lining up to question whether the rhetoric is stronger than the reality

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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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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

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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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Ethiopia Raises $1 Billion in Debut Dollar Bond Sale

Ethiopia Raises $1 Billion in Debut Dollar Bond Sale | Development Economics | Scoop.it
Ethiopia completed a $1 billion debut dollar bond sale on Thursday, capping off a record year for frontier market debt issuance.
Geoff Riley's insight:

First Kenya with a $2bn dollar bond issue, now Ethiopia has successfully concluded a $1bn dollar bond sale yielding just over 6%. Consider the possible implications of this - a growing number of SSA sovereign governments are going to the international bond (capital) markets to raise finance for capital projects. Investor demand is strong - high yields are attractive but there are risks as well.

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Digital technology growth in Africa ‘presents opportunities’

Digital technology growth in Africa ‘presents opportunities’ | Development Economics | Scoop.it
Forum, hosted by PwC, told of digital transformation happening across Africa
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Why bananas cost more in Tunisia

Why bananas cost more in Tunisia | Development Economics | Scoop.it
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Import controls, monopoly rents from cronyism and corruption, the debilitating effects of weak competition - there is a huge amount to think about in this revealing article on the moribund Tunisian economy.

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Vietnam borrows mn from ADB to upgrade tourism infrastructure

Vietnam borrows mn from ADB to upgrade tourism infrastructure | Development Economics | Scoop.it
Tourism development projects are an effective way of creating jobs, developing work skills and reducing poverty
Geoff Riley's insight:

Good contextual example to use here of the potential significance of tourism as a growth and development catalyst.

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Deloitte Consumer Review: Africa: A 21st century view

Deloitte Consumer Review: Africa: A 21st century view | Development Economics | Scoop.it
Africa is becoming a magnet for foreign investment, with vast opportunities for consumer businesses.
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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, 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.
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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, 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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Ghana set to abolish mobile phone tax

Ghana set to abolish mobile phone tax | Development Economics | Scoop.it

The elimination of the 20 percent import duty will essentially reduce the cost of handsets in Ghana

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An Inclusive Emerging Economy, With Africa in the Lead

An Inclusive Emerging Economy, With Africa in the Lead | Development Economics | Scoop.it
About 10 million people in more than 60 countries now use village based savings groups, many in remote rural areas without any other financial services.
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▶ The Case for Growth with Tim Besley and Paul Collier

The Case for Growth with Tim Besley and Paul Collier
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Absolutely perfect for Econ4 students!

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How China is rebalancing its economy - Forum:Blog

How China is rebalancing its economy - Forum:Blog | Development Economics | Scoop.it
China’s economy is caught in the crossfire of structural and cyclical headwinds
Geoff Riley's insight:

Love this quote "China’s economy is caught in the crossfire of structural and cyclical headwinds" Lots to read here if you are interested in following the Chinese economic story

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