Development Economics
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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
Geoff Riley's insight:

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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China and India Make Big Strides on Climate Change

China and India Make Big Strides on Climate Change | Development Economics | Scoop.it
Progress by two of the world’s top greenhouse gas producers is a huge lesson for the United States.
Geoff Riley's insight:
Crucial evaluation example - emerging nations including China and India now leading the race to invest in capacity and capability in renewable energy. For India for example every $1 on a barrel of oil costs them an extra $2bn in oil import spending every year.
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Can Asia reach high-income?

Can Asia reach high-income? | Development Economics | Scoop.it
Total factor productivity growth in middle-income countries depends on innovation, human capital, and infrastructure.
Geoff Riley's insight:
A useful blog here from the Asian Development Bank on some strategies for Asian countries wanting to escape the so-called middle-income trap. Spending more on research and innovation is seen as key together with increased investment in education. Middle-income economies that successfully graduated to high income had 2.5 times more research and development stock per worker as those that did not.
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What are 'inclusive economies'?

What are 'inclusive economies'? | Development Economics | Scoop.it
Inclusivity was a major theme at the World Economic Forum for Africa in Durban.
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A video report on the increasing emphasis being given to inclusive growth in emerging countries
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A Big Bond for Africa

There  may be a way to help Africa recover its growth in a way that Western leaders and their constituents find acceptable.

Geoff Riley's insight:
Infrastructure needs are growing across the world and nowhere more than in many countries in sub Saharan Africa. Significant investment in rail, roads, renewable energy and telecoms could help to knit countries together and lift the low level of intra-regional trade. One idea to raise outside finance is for aid donors to borrow against future aid commitments. Can Africa's Big Bond idea take hold?
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Venezuela: 'Government doesn't want you to see the mess it's in'

Venezuela is a country in crisis. Its economy is in virtual freefall and there are severe shortages of food and medicine. Protests against President Nicola
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A failing state on so many levels
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Growth and Development: Assessing Asia’s infrastructure investment needs

Growth and Development: Assessing Asia’s infrastructure investment needs | Development Economics | Scoop.it
We take a fresh look at how much Asia should invest in infrastructure development.
Geoff Riley's insight:
Asia is rising  - the AIIB is up and running extending more than $1.7bn in loans in 2016. But the total size of infrastructure demands to sustain and support growth and development is huge as this blog confirms. 
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How mobile technology is transforming lives in rural India

How mobile technology is transforming lives in rural India | Development Economics | Scoop.it
Deep in a rural village in India outside the city of Jhansi, children play on dirt roads where goats and cows roam. The humble and colorful homes have mud..
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Ubi's curator insight, February 20, 6:36 PM
- Smart phones being used in rural India to both help reduce infant mortality rate to one digit (from 27 per 1000 live births) + help increase the speed and facility of loans by digitalising them.
- Problems include: the digital divide in rural India, the illiteracy of Indian women; 48% of girls studying up to 5th grade are illiterate, and the lack of connectivity; only 22% of Indian adults could get online in 2015
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Trump Endorses Plan for 20% Tax on All Imports

Trump Endorses Plan for 20% Tax on All Imports | Development Economics | Scoop.it
The new tax would be imposed as part of a tax overhaul that President Trump intends to pursue with the Republican Congress.
Geoff Riley's insight:
I know we are living in turbulent times and a lunatic is in the White House but this is just staggering. 
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Don't just define fragility – understand it, act on it

Don't just define fragility – understand it, act on it | Development Economics | Scoop.it
For our development projects to be effective, we must learn the root causes of conflict and fragility, and use that knowledge to guide our planning and implementation efforts.
Geoff Riley's insight:
This new blog from the Asian Development Board looks at strategies to increase long-term resilience in fragile states.
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Powering Africa, Horizons - BBC 

Powering Africa, Horizons - BBC  | Development Economics | Scoop.it
Visiting Africa, Adam Shaw encounters some unusual methods to provide electricity.
Geoff Riley's insight:
This could be a superb programme to watch if you are interested in the potential for countries in sub Saharan Africa to invest in affordable energy capacity and overcome one of the biggest barriers to growth on the continent. 
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World's best university in 2016? 

World's best university in 2016?  | Development Economics | Scoop.it
For the first time ever, a university from outside the United States has topped the Times Educational Supplement's annual ranking.
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How important are universities to a countries international competitiveness?
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Mapping Africa's natural resources

Mapping Africa's natural resources | Development Economics | Scoop.it
An overview of the continent's main natural resources.
Geoff Riley's insight:
Here is an updated chart on the main natural resources for African countries - great when teaching resource traps, primary product dependency and related topics. Is the wealth that lies below the ground more significant than what lies above? Turning natural capital into sustainable, inclusive/equitable growth and development progress is difficult but a growing number of sub Saharan African countries have made notable strides forwards in recent years. 

The weakness of world commodity prices is leading to forecast growth in SSA to be cut. Oil exporting countries are struggling but many non-commodity exporting nations continue to enjoy rapid growth. According to the IMF,  "the full picture of sub-Saharan Africa is one of multispeed growth in which regional aggregate numbers hide considerable diversity." That said, economic growth in Africa is forecast to drop to 23-year-low of 1.4 pct in 2016 according to the latest IMF forecasts.

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Mozambique on brink of default citing severe economic difficulties

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This is a superb resource to use when teaching macroeconomic fragility in countries highly dependent on commodity exports. 
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Unequal Scenes

Unequal Scenes | Development Economics | Scoop.it
Unequal Scenes portrays scenes of inequality around the world from a drone.
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Ethiopia’s humans rights problems may tank its ambition to become a global apparel center

Ethiopia’s humans rights problems may tank its ambition to become a global apparel center | Development Economics | Scoop.it
Ethiopia wants companies that make clothes to view it as one of the world's most hospitable places to operate. Low employee wages and cheap power have led foreign companies to gravitate towards the Horn of Africa nation in recent years. The government recognizes the strategic importance of garment and textile making, and has continued to invest in the sector b
Geoff Riley's insight:
Great background article - industrial parks central to their attempt to build light manufacturing capacity and capability but the repetitional risks for businesses out-sourcing their garment manufacturing are substantial.
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Why cities matter

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Geoff Riley's insight:
Good revision clip! Paul Collier and Tony Venables explain how cities unlock the 'miracle of productivity', why they are key to economic growth in developing countries.
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FDI and Development: Turkish firm to build high-speed rail line in East Africa

FDI and Development: Turkish firm to build high-speed rail line in East Africa | Development Economics | Scoop.it

Project to connect Uganda, Rwanda, the Democratic Republic of the Congo and Tanzania 

Geoff Riley's insight:
Use this as a contextual example of the potential significance of inward FDO projects in critical infrastructure to help overcome development traps. What are the possible demand and supply-side effects? It is not just China that is investing large sums in central and eastern Africa.
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Focus on the Ethiopian Economy | tutor2u Economics

Focus on the Ethiopian Economy | tutor2u Economics | Development Economics | Scoop.it
I said at the Grade Booster revision event in Birmingham last week that, in my opinion, Ethiopia is one of the most interesting economies on the planet to…
Geoff Riley's insight:
I said at the Grade Booster revision event in Birmingham last week that, in my opinion, Ethiopia is one of the most interesting economies on the planet to study from an A level Economics perspective. There are many different angles to consider, not least Ethiopia's growth and development path and her relationships with China and other nations. 

Here is a curated list of stories and links to analysis on Ethiopia drawn from twitter in recent months.
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Inequality linked to export complexity

Some new and exciting work from Cesar Hidalgo! Research from Hidalgo's team at the MIT media lab finds that a country's income inequality is linked to its…
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Some new and exciting work from Cesar Hidalgo! Research from Hidalgo's team at the MIT media lab finds that a country's income inequality is linked to its export complexity. According to a new paper appearing in World Development, the more complex a country’s products, the greater equality it enjoys relative to similar-sized countries with similar-sized economies.
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Money via mobile: The M-Pesa revolution

Money via mobile: The M-Pesa revolution | Development Economics | Scoop.it
How mobile technology is profoundly changing access to money in the developing world.
Geoff Riley's insight:
Tim Harford's series on 50 Things That Made the Modern Economy this week looks at the impact of the M-PESA innovation which is having a significant impact on millions of entrepreneurs, farmers and government employees in many low and middle income countries.
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Ethiopian Growth and Development - Latest Report

Ethiopian Growth and Development - Latest Report | Development Economics | Scoop.it
The latest Ethiopia economic analysis for the country says addressing major obstacles in the labor market will further facilitate economic growth and structural transformation.
Geoff Riley's insight:
Ethiopia has continued to experience rapid growth despite he challenges of drought, social unrest and a chronic trade deficit and volatile currency.  The latest report from the World Bank on the Ethiopian economy is worth a read for those who are studying Ethiopia from a development perspective. It highlights government investments in key areas, including the Addis Ababa -Djibouti railway line, the launch of new industrial parks and the increased investment in the power sector.
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Egypt wins approval for $12bn loan from the IMF - BBC News

Egypt wins approval for $12bn loan from the IMF - BBC News | Development Economics | Scoop.it
The IMF approves a three-year loan to Egypt to try help it out of a deep economic crisis.
Geoff Riley's insight:
Hit hard (among other factors) by a collapse in revenue from tourism, Egypt has won approval for a $12 billion emergency loan from the International Monetary Fund. This comes hot on the heels of the decision to move to a floating currency in a bid t stabilise demand and output. Will both decisions help the economy overcome longstanding structural economic weaknesses?
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Mark Carney is what stands between Britain and chaos

Mark Carney is what stands between Britain and chaos | Development Economics | Scoop.it
Brexiteers with little grasp of economics are lining up to undermine Carney. Theresa May should ignore them and do everything she can to keep him
Geoff Riley's insight:
Danny Blanchflower provides a robust defence of Mark Carney in this opinion piece in the Guardian.
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The importance of remittances for Nepal

Remittances are the bedrock of Nepal’s economy. They’ve quadrupled since 2010 thanks to 2 million Nepalis who work abroad, generating nearly one-third of the gross domestic product.
Geoff Riley's insight:
Nearly two million Nepalese live and work overseas, little wonder that remittances flowing into Nepal account for nearly one third of their annual national income. This article from the Asian Development Bank considers some of the benefits and costs of remittances for countries such as Nepal.
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The sweatshop dilemma

The sweatshop dilemma | Development Economics | Scoop.it
The sweatshop dilemma
Geoff Riley's insight:
The perennial debate about whether low-wage, arduous and often hazardous work in light manufacturing is beneficial to those employed in such jobs has been given a new twist. Tim Harford reports here on a randonmised controlled trial in the fast-growing country of Ethiopia in which one group was given cash (with no strings attached) and five days of enterprise training instead of the job they had applied for. The results are complicated but hint that direct cash transfers and small-scale investment in human capital can yield significant results. 
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