Divide and rule or the rule of the divided? The effect of national and ethnic institutions on African under-development

Elias Papaioannou, Stelios Michalopoulos 15 November 2010

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The conventional wisdom on the deep determinants of African development places colonisation at the centre of any explanation. An influential body of research suggests that the extractive colonial institutions that Europeans established in the late 19th century, crucially contributed to African underdevelopment. This channel invokes the lack of checks and balances on the executive and the poorly performing legal systems that endured after African independence (Acemoglu et al. 2005). But European interference in the continent took several other forms.

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Topics:  Development Institutions and economics Politics and economics

Tags:  development, growth, Africa, institutions, Culture

Maddison’s forecasts revisited: What will the world look like in 2030?

Andrew Mold 24 October 2010

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The late Angus Maddison documented how the international economic order had changed dramatically over the preceding 40 years. He was in no doubt that it would continue to do so. In the 1960s, the world was typically divided into a first, second, and third world.

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Topics:  Development Global economy

Tags:  development, China, India, developing world, economic forecasts, Angus Maddison

FDI in southern Africa: Microeconomic consequences and macro causes

Daniel Lederman, Lixin Colin Xu 17 October 2010

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Foreign direct investment has been an important component of development success stories around the world. Africa, however, and particularly southern African economies, has not been part of this story (see Table 1).

Even though African economies belonging to the Southern African Development Community (SADC) are poor on average, per capita FDI inflows are a meagre $37 per year. This is roughly 18% of the average, and 58% of the average for countries with a similar income.

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Topics:  Development International trade

Tags:  development, Africa, FDI, southern Africa

Your new composite index has arrived: Please handle with care

Martin Ravallion 14 October 2010

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A host of indicators are used to track development. The World Bank’s annual World Development Indicators presents hundreds of such indicators (World Bank, 2009). The United Nation’s Millennium Development Goals are defined using a long list of indicators.

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Topics:  Development

Tags:  development, Development indices, composite indices

Subjective Well-Being, Income, Economic Development and Growth

Justin Wolfers, Betsey Stevenson, Daniel W Sacks,

Date Published

Mon, 10/11/2010

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Development Frontiers of economic research Poverty and income inequality

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Social policy in times of crisis

Naren Prasad, Megan Gerecke 10 October 2010

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Social security serves many purposes for individuals, businesses, and the state. It helps individuals to smooth consumption over the life cycle and during macroeconomic downturns, it facilitates job mobility and job matching, it supports human capital formation for long-term growth and, by acting as an automatic stabiliser, it facilitates economic stability (Townsend 2009).

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Topics:  Development Welfare state and social Europe

Tags:  development, social policy, Social security

Regional development policies: Place-based or people-centred?

Indermit Gill 09 October 2010

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Economic policy and economic geography are very much live issues, even if Paul Krugman (2010) suggested that the heyday of the New Economic Geography is past (Combes et al. 2008, Brülhart 2009).

2009 saw three major reports on the nexus:

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Topics:  Development Europe's nations and regions

Tags:  development, income inequality, Ireland, Eastern Europe

Finance for all? Banking structure reform may not be the way

Thorsten Beck, Martin Brown 06 October 2010

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Access to financial services is viewed as a key determinant of economic wellbeing, especially for households in low-income countries. Savings, credit, and insurance products make it easier for households to align income and expenditure patterns across time, to insure themselves against income and expenditure shocks, as well as to undertake investments in human or physical capital.

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Topics:  Development Financial markets

Tags:  development, financial regulation, access to finance

Improving human development: A long-run view

Leandro Prados de la Escosura 04 October 2010

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In the ongoing debate on the Millennium Development Goals the appropriate measurement of different social indicators appears to be crucial. Central to these are the indices of human development provided by the UNDP Human Development Reports (HDR) since 1990. Yet somehow the pessimistic view of many developing countries offered by HDR seems at odds with their benign figures of human development relative to the developed world, in particular when compared to their relative economic record.

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Topics:  Development

Tags:  development, Millennium Development Goals, UN, human development index

Can carbon labelling be development friendly?

Gareth Edwards-Jones, Paul Brenton, Michael F Jensen 05 September 2010

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Economists usually think of labelling as a good thing – an increase in the information set. But what if the science behind the labelling is iffy? What if the organisations doing the labelling are responding primarily to incentives stemming from developed country markets? When it comes to the recent trend towards “carbon footprinting” everything, both of these issues arise.

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Topics:  Development Environment

Tags:  development, environment, carbon footprint, labelling

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