Economics

Why rethinking how we work on market systems and the private sector is really hard

Duncan Green - May 17, 2017

Whatever your ideological biases about ‘the private sector’ (often weirdly conflated with transnational corporations in NGO-land), markets really matter to poor people (feeding families, earning a living, that kind of thing).  But ‘making markets work for the poor’ turns out to be really difficult and, just as with attempts to tackle corruption or improve institutions, there is a rethink going on in the aid business. …

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Blockchain for Development: A Handy Bluffers’ Guide

Duncan Green - May 9, 2017

Top tip: if you’re in a meeting discussing anything to do with finance, at some point look wise and say ‘you do realize, blockchain is likely to change everything.’ Of course, there is always a terrifying chance that someone will ask what you actually mean. Worry not, because IDS has produced a handy bluffer’s guide to help you respond. Blockchain for Development – Hope or …

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Guardian launches important new Website on Inequality

Duncan Green - April 28, 2017

The Guardian launched a promising new website on inequality this week, edited by Mike Herd. ‘Over the coming year, the Guardian’s Inequality Project – supported by the Ford Foundation – will try to shed fresh light on these and many more issues of inequality and social unfairness, using in-depth reporting, new academic research and, most importantly, insights from you, our audience, wherever you are in the world …

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What do we know about ‘online gig work’ in developing countries?

Duncan Green - April 25, 2017

What do we know about ‘online gig work’ in developing countries? Until recently, all I’d read about was the bizarre world of gold farming – gamers in East Asia (even prisoners in Chinese labour camps) playing to accumulate credits they could then sell on to lazy Western players. A new report from the Oxford Internet Institute filled me in on where the phenomenon has got …

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Review of Doughnut Economics – a new book you will need to know about

Duncan Green - April 6, 2017

My Exfam colleague Kate Raworth’s book Doughnut Economics is launched today, and I think it’s going to be big. Not sure just how big, or whether I agree with George Monbiot’s superbly OTT plug comparing it to Keynes’s General Theory. It’s really hard to tell, as a non-economist, just how paradigm-changing it will be, but I loved it, and I want everyone to read it. …

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20th Century policies may not be enough for 21st Century digital disruption

Duncan Green - March 31, 2017

It’s often a good sign when you rock up at a conference and hardly know anyone there. That was my experience at a recent, rather grandiosely-named, ‘Digital Development Summit’, hosted by IDS, Nesta and the Web Foundation, which clearly got people’s attention – the places were fully booked within a day of going live. Participants were diverse: developing country ministers, donor officials, tech company execs, …

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Doughnut Economics is published next week. Here’s why you should be excited

Duncan Green - March 29, 2017

Kate Raworth’s book, Doughnut Economics: Seven Ways to Think Like a 21st Century Economist is published next Thursday. I loved it , and I’ll review it properly then, but here are three excerpts to whet your appetite: On the importance of diagrams: ‘Think, then, of the circles, parabolas, lines and curves that make up the core diagrams in economics – those seemingly innocuous pictures depicting …

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How can governments raise money from automation and ICT to compensate the losers?

Duncan Green - March 17, 2017

Got a feeling I’m going to end up looking pretty stupid with this post, but hey, what’s the point of a blog if you can’t humiliate yourself in public? Went to a ‘digital development summit’ earlier this week (here’s a prior curtain raiser on this blog). The theme was the ‘future of work’ (see earlier musings on this blog). Proper post to follow when I …

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Ten Signs of an impending Global Land Rights Revolution

Duncan Green - March 16, 2017

Exfamer Chris Jochnick, who now runs Landesa, the land rights NGO, sets out his stall ahead of a big World Bank event next week. The development community has experienced various “revolutions” over the years – from microfinance to women’s rights, from the green revolution to sustainable development.  Each of these awakenings has improved our understanding of the challenges we face; each has transformed the development …

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