Development Economics
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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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Making Mining Work for Zambia: Economic, Health, & Environmental Nexus of the Copper Mining Economy

Zambia's rich mineral resources are one of the country's most important assets. They contribute to national income, exports, employment and government revenue.

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A video from June 2015 produced by the World Bank on the economic and environmental aspects of mining production and investment in Zambia.

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War on Want Report into Tax Avoidance in Zambia

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The War on Want report is required reading for F585 students - taken as a whole it provides a damming indictment of corporate tax avoidance in Zambia. But please remember where War on Want are coming from in their research. Researching reports from Transparency International and the World Bank will help to provide a little more balance.

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Tech Insider - Monster machine building bridges in China

This 580-ton monster machine is building bridges across China.
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Staggering - when I talk about bulky capital units in the future this video will be brought out!

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On the shores of Malawi’s lake of stars, activists raise uranium fears | Santorri Chamley | Global development | The Guardian

On the shores of Malawi’s lake of stars, activists raise uranium fears | Santorri Chamley | Global development | The Guardian | Development Economics | Scoop.it
When dead fish were washed ashore in northern Malawi, activists and residents looked to a nearby uranium mine for answers – the latest battle in a protracted conflict with Paladin, the mine’s Australian owners
Geoff Riley's insight:

One for OCR F585 students (Malawi is a featured case study on the June 2016 paper) and also for A2 students getting stuck into their development economics work. The Australian uranium mining company Paladin is in the line of fire for lax controls that may have caused the negative externality of pollution in Lake Malawi. The country is heavily dependent on inward investment for jobs and growth but there are external costs to consider too for one of the poorest countries on the planet.

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OKR: Commodity Markets Outlook, October 2015

OKR: Commodity Markets Outlook, October 2015 | Development Economics | Scoop.it
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A useful point of reference when teaching A2 development economics, primary dependence, prebisch-singer, terms of trade et al after half term.

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World Bank Invests in Strengthening Country Data Systems - YouTube

Good data are essential to development. New technologies are exponentially increasing the volume and types of data available. This provides new possibilities...
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Siemens India Corporate Film 2015

Siemens partners India through integrated solutions for a sustainable future in the domains of electrification, automation and digitalization."

Geoff Riley's insight:

Strip away the corporate gloss and soundtrack and you still come away from watching this understanding the significance of intelligent urban development and investment in hard infrastructure in the fast growing Indian economy

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Africa, Dams and Development | Videos | Oxford Martin School

Africa, Dams and Development | Videos | Oxford Martin School | Development Economics | Scoop.it
Africa faces formidable development challenges in the 21st Century, with expanding populations and accelerating urbanisation; rising demand for water, energy and food; greater hydrological variability predicted with climate change; and persistent poverty and inequalities. Dams seem to promise an appealing package of benefits to meet Africa’s development needs – they can reduce floods, store water for irrigation, provide energy for burgeoning populations and facilitate regional int...
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Tanzania's gold rush creates inequalities - BBC News

Tanzania's gold rush creates inequalities - BBC News | Development Economics | Scoop.it
Tanzania has become a leading gold producer but many ordinary Tanzanians are losing out.
Geoff Riley's insight:

A familiar tale - extractive industries create new wealth but there is precious little evidence of a trickle-down benefit to the poorest in Tanzanian society. 

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Bruce Fellowes's curator insight, October 18, 2015 2:24 PM

As discussed in A2 Economics

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Escape from the World Bank by Devesh Kapur - Project Syndicate

Escape from the World Bank by Devesh Kapur - Project Syndicate | Development Economics | Scoop.it
The World Bank is like an old ship: in its seven decades, all kinds of barnacles – sticky budgetary accretions and transaction costs – have accumulated on its hull, steadily impeding its speed and performance. In the absence of reform, the major emerging countries were right to create their own development-finance institutions.
Geoff Riley's insight:

Risk averse, massively over-staffed, uber-sensitive to criticism of their flagship projects and with multi-million dollar expense accounts in stark contrast to their original mission - this is a critique of the World Bank that is worth a read. New kids on the block including the Asian Infrastructure Investment Bank are set to challenge the World Bank - will the WB reform to meet the complex challenges of the next decade?

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Bagamoyo port: Tanzania begins construction on mega project

Bagamoyo port: Tanzania begins construction on mega project | Development Economics | Scoop.it
Tanzania has begun building what it says will be the biggest port in East Africa, in the coastal tourist resort of Bagamoyo.
Geoff Riley's insight:

Investment in infrastructure to support increasing intra-regional as well as global trade flows is crucial to sustaining development in emerging countries in sub Saharan Africa. Note too (and this is not a surprise) that much of the funding for construction coming from a government-owned Chinese investment firm. The time scale is interesting as well - completion is projected within two years. A good example to use in your development notes and related links to multiplier effects, comparative advantages, competitiveness et al. 

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Croatia just canceled the debts of its poorest citizens

Croatia just canceled the debts of its poorest citizens | Development Economics | Scoop.it
"We assess that this measure will be applicable to some 60,000 citizens," Deputy Prime Minister Milanka Opacic was quoted as saying.
Geoff Riley's insight:

This is a remarkable policy intervention by the Croatian government. Croatia is a small country - the newest member nation of the European Union. To be eligible for this debt relief, Croats need to fulfill certain criteria: Their debt must be lower than 35,000 kuna ($5,100), and their monthly income should not be higher than 1,250 kuna ($138). Those applying for the scheme are not allowed to own any property or have any savings. What do you feel that this debt jubilee for poor households. Could we even conceive of doing such a thing in the United Kingdom? What would the Daily Mail have to say about it?

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Angus Deaton wins the Nobel

Angus Deaton wins the Nobel | Development Economics | Scoop.it
Angus Deaton of Princeton University wins the Nobel prize. Working with the World Bank, Deaton has played a huge role in expanding data in developing countries. When you read that world poverty has fallen below 10% for the first time ever and […]
Geoff Riley's insight:

The Scottish-born economist Angus Deaton has been awarded the 2015 Nobel Prize in Economics. His work over many years in improving our understanding of household consumption decisions and latterly in his work on how countries can achieve the great escape from extreme poverty makes him a worthy winner. I had the pleasure of hearing him speak at the LSE and the RSA a couple of years ago.

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Zambia's copper mining industry hits a slump

After global copper prices took a dramatic dip, many in Zambia's copper mining industry lost their jobs
Geoff Riley's insight:
One copper mine in Zambia accounts for 14% of the total electricity demand in the country. A remarkable statistic for a country so heavily dependent on copper mining for exports, jobs and GDP. Falling prices are causing a rise in unemployment among Zambian miners.
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BBC World Service - The World Debate, Does Mining Benefit Africa?

BBC World Service - The World Debate, Does Mining Benefit Africa? | Development Economics | Scoop.it

A debate that is now 4 Can we explain the contradiction between mineral wealth and the poverty of the people?

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Paladin stops Malawi uranium exploration: Uncertainity over licences

Paladin stops Malawi uranium exploration: Uncertainity over licences | Development Economics | Scoop.it
Malawi news, Malawi , NyasaTimes, breaking online news ,source from Malawi
Geoff Riley's insight:

Uranium mining now accounts for over 10% of Malawian GDP but production has been suspended in part because of a collapse in world prices but also because the new government wishes to renegotiate "suspicious" investment deals signed between Paladium and the previous government. 

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Boosting productivity key for developing economies to close income gap with advanced countries, says OECD Development Centre - OECD

Income levels in most developing and emerging countries will not catch up with advanced economies for many decades without efforts to boost productivity, according to a new report by the OECD Development Centre.

Geoff Riley's insight:

This link includes access to a neat infographic which ranks countries according to their productivity.

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Beyond the Bike - “Mzungu – Give me Money…” ($138bn please) - Eco Cycle - Next Rev - 2015/16

Beyond the Bike - “Mzungu – Give me Money…” ($138bn please) - Eco Cycle - Next Rev - 2015/16 | Development Economics | Scoop.it
Should the UK (& other nations) be spending 0.7% of GNI on AID?
As I highlighted in my last blog, the aid debate is probably the most contentious issue surrounding Africa development, highlighted by the recent spat between Bill Gates and Dambisya
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More or Less, Foreign Aid: More Harm Than Good?

More or Less, Foreign Aid: More Harm Than Good? | Development Economics | Scoop.it
Nobel Prize winning economist professor Angus Deaton on a lifetime measuring inequality.
Geoff Riley's insight:

Tim Harford interviews Nobel Prize winning economist professor Angus Deaton about a lifetime measuring inequality (9 minute interview)

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Corruption Across The World Visualised

This chart shows countries and territories ranked on perceived public sector corruption in 2014.
Geoff Riley's insight:

Nowhere in the world is free of corruption - the Transparency International annual assessment is just about the most credible rankings we get - and the latest numbers are in.

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Bruce Fellowes's curator insight, October 19, 2015 4:10 AM

As discussed in A2 Economics recently

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BBC World News - Africa Business Report

BBC World News - Africa Business Report | Development Economics | Scoop.it
A look at business across the continent.
Geoff Riley's insight:

Africa Business Report is one of those resources that is tremendous for A2 students wanting to enrich their understanding of development economics. New stories and features are added each day. Please do have a look and consider adding to your personal learning network.

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Angus Deaton: A Skeptical Optimist Wins the Economics Nobel - The New Yorker

Angus Deaton: A Skeptical Optimist Wins the Economics Nobel - The New Yorker | Development Economics | Scoop.it
John Cassidy on Angus Deaton, the Princeton professor who was just awarded the 2015 Nobel Prize for economics.
Geoff Riley's insight:

This is one of those articles that I would like all of my student economists to read! "if you are clear about the theoretical assumptions you are making, and you are careful—very careful—about how you interpret the data, economics can provide a powerful tool with which to analyze and improve the world." 

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Beyond the Bike Lesson Resource - using bicycles to promote economic development | tutor2u

The second lesson resource this week focuses on the role that ownership, or at least shared ownership, of bicycles can play in causing rising economic growth an
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Organic Farming and Poverty: 12 Things to Know | Asian Development Bank

Organic Farming and Poverty: 12 Things to Know | Asian Development Bank | Development Economics | Scoop.it
About 75% of the world's poorest depend on agriculture and related activities for their livelihood. Lower production costs and price premiums mean organic farmers can enjoy a higher income than those working in traditional agriculture.
Geoff Riley's insight:

This blog entry from the Asian Development Bank provides a handy listing of factoids about the contribution that farming makes to many of the world's poorest countries and the potential that organic farming has in improving incomes for poor communities.

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