Economics

What should the IMF do differently in Fragile/Conflict States?

Duncan Green - October 5, 2017

Took part in a really interesting discussion about the role of the IMF in fragile states last week. Chatham House rule, so no names, no institutions. The Fund works in fragile states in 3 main ways – it lends money to governments, it trains officials and it tracks and reports on government economic performance (‘surveillance’). Although its lending is often not big compared to other …

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What does Artificial Intelligence mean for the future of poor countries?

Duncan Green - September 22, 2017

What do the multiple overlapping new technologies currently breaking in tsunamis over the world’s economies and societies mean for the future of low and middle income countries (LMICs)? Last week I went along to a seminar (Chatham House Rule, so no names) on this topic, hoping for some interesting, preferably optimistic ideas and examples. I came away deeply, deeply worried. Houston we have a very …

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Two top authors compared: Hossain on Bangladesh and Ang on China

Duncan Green - September 21, 2017

OK, so this week I’ve reviewed the two important new books on the rise of China and Bangladesh. Now for the tricky bit – the comparison. The books are very different in their approach. Where Yuen Yuen Ang focuses on the ‘how’ in China, Naomi Hossain is more interested in the ‘why’ in Bangladesh. Hossain traces the ‘why’ to the critical junctures that littered Bangladeshi’s …

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Book Review: How China Escaped the Poverty Trap, by Yuen Yuen Ang

Duncan Green - September 20, 2017

Update: this review is now available in Chinese Following on from yesterday’s book review on an account of Bangladesh’s success, here’s a great book on another developmental superstar – China. The macro-story on China is well known, but always bears repetition. Emerging from the carnage of the Mao era, China in 1980 had a GDP of $193 per capita, lower than Bangladesh, Chad or Malawi. …

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Can the UK become a Human Economy?

Duncan Green - September 15, 2017

Rising inequality is a global problem. Oxfam inequality guru Deborah Hardoon appraises a new report on its manifestations in the UK. Last week the IPPR, a progressive policy think tank, published a new report, ‘A time for change: A new vision for the British Economy’, which argues that “the economy we have today is creating neither prosperity nor justice. This is not inevitable, but the …

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What can we learn from 7 successes in making markets work for poor people?

Duncan Green - September 1, 2017

Hi everyone, I’m back from an August blog break, with lots of great reading to report back on. First up, if you’re even slightly interested in how markets can benefit poor people, I urge you to read Shaping Inclusive Markets, a new publication from FSG and Rockefeller. The 60 page document explains their approach to ‘market systems innovation’, which we discussed at an event in …

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How can the Anti-Corruption Movement sharpen up its act?

Duncan Green - July 20, 2017

Spent a day earlier this week in a posh, but anonymous (Chatham House Rule) Central London location, discussing the state of the global anti-corruption movement with some of its leaders. The meeting took place in a posh, very high ceilinged room, under the stern gaze of giant portraits of assorted kings, aristos and philosophers. I wondered what they would have made of the assembled academics …

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Can a new Index measure whether governments are serious about reducing inequality?

Duncan Green - July 18, 2017

Oxfam’s inequality ubergeek, Deborah Hardoon, needs your help with an ambitious new index As a researcher working on inequality, there are plenty of data and statistics for me to analyse, model and generate ‘killer stats’ from. Of course, there are many data gaps, plus lots of debate on which measures are the best to use (hint, not the one proposed for SDG10). But for the …

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How Does the Aid System need to Change? Reflections from the OECD’s new aid boss

Duncan Green - July 14, 2017

Charlotte Petri Gornitzka took over as chair of the OECD’s Development Assistance Committee last October, and from her new vantage point, reflects on the necessary evolution of the aid system For the aid system, the SDGs call for transformation rather than “business as usual”. Everybody is talking the talk but how ready and willing are we to change our own ways of working to enable …

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What has the iPhone got to do with inequality? New Oxfam Book Review blog

Duncan Green - July 13, 2017

I often get asked for more book reviews on the blog (presumably to give readers the bluffer’s guide until they get round to reading the real thing, if ever). So very happy to see that Oxfam’s research wonks have started ‘Book Banter’ – a development book review service. Follow here. Any other good sources of development book reviews? Here is Franziska Mager (right) on Mariana Mazzucato’s bestseller, …

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