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Development, Structure, and Transformation: Some Evidence on Comparative Economic Growth — Jeffrey Sachs

Development, Structure, and Transformation: Some Evidence on Comparative Economic Growth — Jeffrey Sachs | Development Economics | Scoop.it
Download full paper here: Development Structure and Transformation McCord and Sachs NBER 73485-w19512 ABSTRACT: We suggest that the geographical patterns of income differences across the world have deep underpinnings. We emphasize that economic development is a complex process driven by economic, political, social,
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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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In the Balance - BBC World Service

In the Balance - BBC World Service | Development Economics | Scoop.it
The weekly discussion show from the Business Daily team
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In the Balance is a weekly programme on the changing dynamics of the global economy broadcast by the BBC World Service. Have a check through their episode listings, there is much here for students looking for extension and enrichment listening and for teachers passionate about their subject, not least in the fields of growth and development economics.

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Guest post: whatever happened to globalisation?

Guest post: whatever happened to globalisation? | Development Economics | Scoop.it
By Eric Lascelles of RBC Global Asset Management Globalisation was an unstoppable force over the past quarter century, marked by trade flows that grew at almost twice the clip of the global economy and by surging international capital flows, unleashing a torrent of demand and productive capacity. Emerging markets basked in outsized economic growth and rising standards of living. The developed world benefited from low prices, greater selection and cheap borrowing costs.
Geoff Riley's insight:

A superb article to use when teaching the economics of globalisation. Full of evaluative comment and good examples.

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Does Ghana’s oil boom spell the end for its fishing industry?

Does Ghana’s oil boom spell the end for its fishing industry? | Development Economics | Scoop.it

Fishermen say the foreign firms exploring for oil and gas are forcing them out of the waters they have trawled for centuries. 

Geoff Riley's insight:

Excellent piece for developing evaluation skills for A2 development economists

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Global remittance industry choking billions out of developing world

Global remittance industry choking billions out of developing world | Development Economics | Scoop.it
Huge fees and restrictive practices by handful of firms cost poorer countries up to $16bn a year, says World Bank
Geoff Riley's insight:
Western Union and MoneyGram dominate the money transfer industry and the high level of fees that these companies has been heavily criticised in recent years. This is an important article given the huge scale of remittance transfers in the world economy to relatively poor countries such as India, the Philippines and many sub Saharan African nations. 
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Aid to the rescue

Aid to the rescue | Development Economics | Scoop.it
FIFTY years ago the first United Nations Conference on Trade and Development launched a debate about how much money rich countries should give to poor ones to reduce...
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African growth looking forward | vox

African growth looking forward | vox | Development Economics | Scoop.it
Geoff Riley's insight:

Part of the Africa Rising narrative - a positive view here on growth and development prospects for Africa with a focus on key areas for investment.

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Insight On Africa: Special Report

Insight On Africa: Special Report | Development Economics | Scoop.it
A new Legatum Institute report, Insight on Africa, shows that economic growth, improving health standards and greater foreign and domestic investment – amongst other factors – are having a positive impact on prosperity in the region.
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US firms to invest $14bn in Africa

US firms to invest $14bn in Africa | Development Economics | Scoop.it
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Ghana protests over rising prices

Ghana protests over rising prices | Development Economics | Scoop.it
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Ricardo Hausmann advises poor countries not to focus solely on adding value to natural-resource exports. - Project Syndicate

Ricardo Hausmann advises poor countries not to focus solely on adding value to natural-resource exports. - Project Syndicate | Development Economics | Scoop.it
Poor countries export raw materials such as cocoa, iron ore, and raw diamonds, while rich countries export – often to those same poor countries – more complex products such as chocolate, cars, and jewels. But this does not mean that poor countries should focus solely on adding value to their raw materials.
Geoff Riley's insight:

This is an absolutely outstanding article to use when introducing development economics to a level students. The work of Hausmann and Hidalgo on complexity and economic development is becoming more widely recognised and used in schools. Hausmann's article here in Project Syndicate emphasises the importance of building capabilities within an economy to promote the growth of higher value added industries.

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Africa's McTipping Point?

Africa's McTipping Point? | Development Economics | Scoop.it

Three quarters of a century since the opening of the first McDonald’s, the fast food chain operates around 34,000 outfits in around 120 countries and territories across all continents. In Sub-Saharan Africa (SSA), however, – a region of 48 countries and almost a billion people - only South Africa and Mauritius have been able to attract this global food chain.  

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Why power theft in India is a complex problem

Why power theft in India is a complex problem | Development Economics | Scoop.it
Geoff Riley's insight:

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?

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Footballs in Pakistan: An Innovation Story

Footballs in Pakistan: An Innovation Story | Development Economics | Scoop.it

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!

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Could vertical farms feed the world?

The challenge of ensuring adequate, nutrient-rich food for an expanding global population is a daunting one, especially given constraints on key resources like water and agricultural land. As it stands, the two leading approaches to enriching and enlarging the world’s food supply are genetic engineering and industrial processing with additives and chemicals. Now, a third […]
Geoff Riley's insight:

Raising farm yields in a sustainable way not least because of the challenges of water scarcity is one of the biggest challenges for lower income countries (and advanced nations too!). This blog from the World Economic Forum explores innovative vertical farming. Will this type of farming get the finance to be scaled up? What are the possible consequences for employment in farming sectors traditionally have absorbed a high percentage of employment? This is a good article to read to build your contextual awareness.

 

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Chile launches its biggest wind farm

Chile launches its biggest wind farm | Development Economics | Scoop.it
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Tourism in Africa : Harnessing Tourism for Growth and Improved Livelihoods

Tourism in Africa : Harnessing Tourism for Growth and Improved Livelihoods | Development Economics | Scoop.it
Geoff Riley's insight:

A timely report on the potential for harnessing investment in tourism in Africa as a catalyst for growth and development. There are substantial risks as well as opportunities, but tourism is an important development topic and this report will provide some useful examples and insights.

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The fortunes of nations: how long term growth rates change countries

The fortunes of nations: how long term growth rates change countries | Development Economics | Scoop.it
Geoff Riley's insight:

Here is a really excellent blog on the issue of growth divergence - Simon Taylor contrasts the historical growth records of the United States versus Argentina and then South Korea against Ghana. The accompanying charts reveal starkly the widening gap in GDP per capita between each pair of countries over the very long term. 

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News & Events | Asian Development Bank

News & Events | Asian Development Bank | Development Economics | Scoop.it
Get the latest updates from the ADB: news releases, features, interviews, videos, photo essays and other material on ADB’s work in Asia and the Pacific, transcripts of speeches, Op-Eds and opinion articles also available.
Geoff Riley's insight:

The Asian Development Bank website is an excellent source of information and analysis for many of the developing / emerging countries that students will want to focus ones part of their A2 and IB economics studies.

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When land is degraded, its people and their prospects are degraded too

When land is degraded, its people and their prospects are degraded too | Development Economics | Scoop.it
Monique Barbut: Investing in sustainable land management could help boost political, economic and climatic resilience in poor countries
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Explore the Report: Adding Up the Benefits of Climate Action

Discover the benefits of a series of climate-smart development policies in lives saved, jobs created, energy demand reduced, and increased GDP.
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Colette Cole-Saner's curator insight, August 6, 12:33 PM

Change moves soooo slowly.

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Why so many ships fly Panama's flag

Why so many ships fly Panama's flag | Development Economics | Scoop.it
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An example of exploiting comparative advantage?

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Africa’s mobile boom powers innovation economy

Africa’s mobile boom powers innovation economy | Development Economics | Scoop.it

Innovation is happening all over Africa in all different sectors, from education to energy, banking to agriculture. "

Geoff Riley's insight:

A hugely positive report which celebrates the impact of mobile technology as a driver of business innovation and growth in Africa. Staple fare but important nonetheless for #econ4 students

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Winners and losers from a strong pound

Winners and losers from a strong pound | Development Economics | Scoop.it
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China steals march on rivals to invest in Bangladesh

China steals march on rivals to invest in Bangladesh | Development Economics | Scoop.it
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.”
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Unit 4 Macro: Brazil's path to inclusive growth

Unit 4 Macro: Brazil's path to inclusive growth | Development Economics | Scoop.it

To raise incomes and living standards, Brazil must accelerate productivity growth. Building new connections with the rest of the global economy could provide the opening to do just that.

Geoff Riley's insight:

Can Brazil escape the middle income trap? Lots of attention focusing on Brazil this summer as the World Cup arrives. beneath the surface there are huge economic and social challenges.

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