Natural resource economics are applied in this World bank blog to the Eurasian region - plenty of overlap with your studies on the issue in the context of sub Saharan Africa and other parts of the world.
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,
Under the darkness of midnight in Seketia, a farming village in western Ghana, cashew traders and middlemen go knocking from door to door looking for supplies of harvested nuts. “During the peak harvest, they visit us late at night, trying to get us
Geoff Riley's insight:
Hunt the development economics in this super piece on the rising world demand for cashews
It's always a delight to be introduced to economic data that confounds you, and this BBC Newsnight piece is no exception, ranging widely across the global economy in search of data that every delegate at Davos should be aware of....
A century ago, British and French engineers built vast railways through east Africa to export their coffee and tea to Europe. More than a hundred years after the heyday of African rail, another era of railway expansion is under way in the region.
Despite George Osborne’s claims that Britain must keep cutting its business taxes to remain internationally competitive, a report out today shows that the global “race to the bottom” in levies on firms is actually slowing.
THE central bank of Turkey boasts an impressive art collection, including a canvas by Erol Akyavas entitled “Locus of Extremity”. That was pretty much where the...
Geoff Riley's insight:
This is a superb article for A2 macro students wanting to understand more about the fragility of a large cluster of emerging economies. Many have been running large current account deficits on their balance of payments and this makes them vulnerable to sudden and significant capital outflows from their economy, which in turn causes exchange rate weakness. Dropping currencies threatens a sharp rise in cost-push inflation and slower economic growth (stagflation) - so several central banks including Turkey and South Africa have taken the step of raising policy interest rates to partly stabilise their exchange rates. Will it be enough?