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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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Eurasia’s Development: Diversifying Economies, Naturally

Eurasia’s Development: Diversifying Economies, Naturally | Development Economics | Scoop.it
Eurasia’s Development: Diversifying Economies, Naturally
Geoff Riley's insight:

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.

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Ghana struggling to translate oil money into development gains

Ghana struggling to translate oil money into development gains | Development Economics | Scoop.it
Infrastructure development remains slow, fuelling fears that the transformative potential of oil may have been overestimated. Celeste Hicks reports
Geoff Riley's insight:

Excellent support article for students looking at the development impact of rich natural resources

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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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Courted for cashews, west African farmers gain strength - FT.com

Courted for cashews, west African farmers gain strength - FT.com | Development Economics | Scoop.it
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 

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Thought-provoking data

Thought-provoking data | Development Economics | Scoop.it
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....
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The pros and cons of aid to developing economies | Kenneth Rogoff

The pros and cons of aid to developing economies | Kenneth Rogoff | Development Economics | Scoop.it
Kenneth Rogoff: A new book by Princeton University's Angus Deaton urges the importance of aid but also caution over western interference
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WTO agrees global trade agreement

WTO agrees global trade agreement | Development Economics | Scoop.it
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Sudan hopes tech will transform farming

Sudan hopes tech will transform farming | Development Economics | Scoop.it
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Chinese investment triggers new era of east African rail building - FT.com

Chinese investment triggers new era of east African rail building - FT.com | Development Economics | Scoop.it
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.
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Fall in worldwide business taxes slowing

Fall in worldwide business taxes slowing | Development Economics | Scoop.it
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.
Geoff Riley's insight:

Is an era of tax competition coming to an end?

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Amazon destruction up by 28% in year

Amazon destruction up by 28% in year | Development Economics | Scoop.it
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Why does Kenya lead the world in mobile money?

Why does Kenya lead the world in mobile money? | Development Economics | Scoop.it
PAYING for a taxi ride using your mobile phone is easier in Nairobi than it is in New York, thanks to Kenya’s world-leading mobile-money system, M-PESA. Launched...
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Lunch with the FT: Muhammad Yunus - FT.com

Lunch with the FT: Muhammad Yunus - FT.com | Development Economics | Scoop.it
This is awkward: I am about to sit down to lunch with a man who has just told me he does not want to eat anything with me. Nothing personal, you understand.
Geoff Riley's insight:

Yunus is now devoting a lot of his time to supporting social businesses - an interesting conversation here with the FT's US editor

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Inequality increasing globally including in India: Christine Lagarde - The Economic Times

Inequality increasing globally including in India: Christine Lagarde - The Economic Times | Development Economics | Scoop.it
The International Monetary Fund (IMF) Managing Director Christine Lagarde has said that income inequality is increasing dangerously globally.
Geoff Riley's insight:

The IMF head speaks out over widening income and wealth inequality 

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Is Africa’s young population a risk or an asset?

Is Africa’s young population a risk or an asset? | Development Economics | Scoop.it
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Locus of extremity

Locus of extremity | Development Economics | Scoop.it
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?

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World Bank pledges $2bn for Burma

World Bank pledges $2bn for Burma | Development Economics | Scoop.it
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Mint condition: countries tipped as the next economic powerhouses

Mint condition: countries tipped as the next economic powerhouses | Development Economics | Scoop.it
Forget the Brics and the Civets, Mexico, Indonesia, Nigeria and Turkey are the new kids on the bloc according to economists• Meet the Mints: Mexico | Indonesia | Nigeria | Turkey
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Tibetans displaced 'amid mining'

Tibetans displaced 'amid mining' | Development Economics | Scoop.it
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The human cost of land grabs is emphasised in this BBC news report

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Ever closer

Ever closer | Development Economics | Scoop.it
Nigeria moves at a different speed from its neighbours THE euro crisis has put most people off currency unions. But not in Africa, it seems. In November the leaders...
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New East African railway launched

New East African railway launched | Development Economics | Scoop.it
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Why farming subsidies still distort advantages and cause food insecurity

Why farming subsidies still distort advantages and cause food insecurity | Development Economics | Scoop.it
Jayati Ghosh: Archaic subsidy rules that short-change poor countries must be addressed to avoid a pathetic compromise at world trade talks
Geoff Riley's insight:

Lots relevant here for econ 4 students and also econ1 students who have been studying farm subsidies

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The app that could transform farming

The app that could transform farming | Development Economics | Scoop.it
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UK's east Africa transport initiative aims to cut costs and improve trade

UK's east Africa transport initiative aims to cut costs and improve trade | Development Economics | Scoop.it
Development secretary Justine Greening announces £10.5m fund that will award innovation and boost investment
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Mr Jones's curator insight, November 8, 2013 2:47 PM

Classic internal and external increases in trade predicted as a result of  infrastructure  investment. 

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Extreme Poverty Reduction: An MDGs Success Story?

Extreme Poverty Reduction: An MDGs Success Story? | Development Economics | Scoop.it
The goal of extreme poverty reduction is surely the best-known of the UN's eight Millennium Development Goals (MDGs).
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