Next year marks the 40th anniversary of China’s recognition of Bangladesh. It’s not a celebrated anniversary for many, least of all the country’s prime minister, Sheikh Hasina. The year, 1975, was also that of the death of her father, the country’s independence hero Sheikh Mujibur Rahman. His struggle against Pakistani domination was bitterly opposed by Beijing, where in 1971 state media described him as a “puppet countenance” and the country’s creation as “fascist nonsense”. It wasn’t until he and most of his family were gunned down that China opened relations with the country. How times have changed. Mujib’s daughter, one of only two surviving family members from that day in August 1975, has just wrapped up a visit to Beijing. Now, Chinese state media say the two countries can “dream together,” with relations at a “new historical high.”
Here are some resources on the newly created Pacific Alliance which - in the short run - has achieved significant tariff reductions but which in the long run seeks to create a new economic community / single market in the region..
Ethiopia has received its first sovereign credit rating from the top global agencies, a step that opens the door for a potential debut on international capital markets and highlights the country’s profound turnround. For many, Ethiopia is still
Geoff Riley's insight:
Many more African countries looking to issue bonds including Eurobonds. What are the risks and the opportunities in doing so?
The documentary Powerless is bound to be a thought-provoking experience when released in the UK in June. Consider going to see it as part of your studies in development economics. What are the complex market and government failures that lie behind the structural weaknesses in basic utilities in India such as electricity?
Bob Denham from Econ Films has shared with us this newly launched video from the International Growth Centre. It focuses on the competitive challenges facing Pakistan's football manufacturing sector as it loses market share to countries such as China and Indonesia.
Geoff Riley's insight:
Take a break from your development economics revision - this is superb - find some of the key themes contained within it!
Thomas Piketty’s book, ‘Capital in the Twenty-First Century’, has been the publishing sensation of the year. Its thesis of rising inequality tapped into the zeitgeist and electrified the post-financial crisis public policy debate. But, according to
oday, “development economics” ... has several key features: (1) It very consciously takes place in developing countries. These researchers are out collecting surveys or doing studies “in the field.” Perhaps the best way to define a development economist today is as someone whose
Cross-border flows are claiming a growing share of global economic activity. But neither the extent of the global economy’s interconnectedness nor the changing composition of interconnections among countries and within sectors is well understood.