Economics

Impact investing: hype v substance, the importance of ownership and the role of aid

Duncan Green - July 2, 2015

Oxfam’s Erinch Sahan tries to disentangle hype from substance and makes a pitch for a new approach to impact investing. Impact investment is the next black. It’s already worth about $46 billion, and rapidly growing. In 2010, when it was a mere $4 billion, JP Morgan predicted it would be between $400 billion to $1 trillion within a decade. Forbes has declared impact investing is …

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The C Word: How should the aid business think and act about Corruption?

Duncan Green - July 1, 2015
india

Went to a seminar on corruption and development on Monday – notable in itself as corruption is something of a taboo topic in aid circles. Aid supporters often cite framing – George Lakoff’s ‘Don’t Think of an Elephant’ or Richard Nixon’s ‘I am not a crook’ (below)- as justification for avoiding the topic; even if you raise it to dismiss it, the connection between aid …

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Have technology and globalization kicked away the ladder of ‘easy’ development? Dani Rodrik thinks so

Duncan Green - June 26, 2015

Dani Rodrik was in town his week, and I attended a brilliant presentation at ODI. Very exciting. He’s been one of my heroes ever since I joined the aid and development crowd in the late 90s, when he was one of the few high profile economists to be arguing against the liberalizing market-good/state-bad tide on trade, investment and just about everything else. Dani doggedly and …

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Who is the richest man in history? The answer might surprise you

Duncan Green - June 25, 2015

Ricardo Fuentes-Nieva (@rivefuentes) is shortly leaving his current role as Oxfam GB’s head of research to take over as Executive Director of Oxfam Mexico (I’ll have to start being nice to him now). Here he introduces Oxfam Mexico’s new report on one of Mexico’s many claims to fame – the richest man in history. In his 2011 book, The Haves and The Have Nots,  Branko Milanovic …

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Is the IMF Dismantling Trickle Down Economics?

Duncan Green - June 19, 2015

Oxfam America researcher and inequality guru Nick Galasso hails a new report that finds the poor and middle classes are the main engines of growth – not the rich In a new report, the IMF effectively drives the final nail into the coffin of trickle-down economics. The top finding, in their words, is that “if the income share of the top 20 percent (the rich) increases, …

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Africa’s renewable future – the coming energy revolution

Duncan Green - June 5, 2015

Apologies for extra post today, but the guest posts and new papers are coming thick and fast. John Magrath, Oxfam researcher and renewable energy fan, celebrates a new report by Kofi Annan. In Zimbabwe last week I was talking to a nurse at a rural health centre who described how the cost of two candles can be a matter of health or hunger, or even life …

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