The Natural Resources Curse
Natural resources have long been regarded as a curse to development. New initiatives to encourage better governance are starting to change that. Continue reading The Natural Resources Curse
Category: Development
The Cost of Fuelling Development
From the termination of the Airbus A380 to the controversial third Heathrow runway, there has been growing discontent about the future of air travel. Continue reading The Cost of Fuelling Development
Reinventing Basic Education
Across the developing world literacy rates in many places still remain staggeringly low. The case for a technology-based solution is mounting. Continue reading Reinventing Basic Education
The Secrets of Wealth Accumulation
Accumulation of wealth is one of the driving forces behind widening inequality. From the nature of institutions to maritime access and religion, there are good reasons why rich nations gather more of it than others. Continue reading The Secrets of Wealth Accumulation
“The Three Zeroes” by Muhammed Yunus
A utopian world free of poverty, unemployment and net carbon emissions: Muhammad Yunus’ “The Three Zeroes” gives a classical description on the failings of unrestained capitalism. Continue reading “The Three Zeroes” by Muhammed Yunus
Why chucking shoes at the problem won’t fix the economy
An effective way of doing charity or just a shrewd advertising campaign? Continue reading Why chucking shoes at the problem won’t fix the economy
Solution to the moral hazards of microfinance?
Microfinance is commonly regarded as the promise of innovative, cost-effective paths to poverty reduction and social change. However, we are not living in a perfectly competitive credit market, so downsides such as moral hazard and asymmetric information that tend to create inefficiency make the program less effective, or even counterproductive in certain cases. So why don’t we ask people to help others and do the right … Continue reading Solution to the moral hazards of microfinance?
“Poor Economics” by Duflo and Banerjee
Duflo and Banerjee’s Poor Economics is a developmental economics book which aims to change the way we think about alleviating poverty in developing countries, shifting our focus from the ‘big questions’ and ‘big policies’ towards evidence-based changes and nudges at the margin. It does this by clearly establishing the conditions in which the poor live and how they react to certain changes in their environment, … Continue reading “Poor Economics” by Duflo and Banerjee
Is microfinance a revolutionary engine for growth in developing countries?
A comprehensive economic review of the real impact microfinance has had on growth in developing countries Continue reading Is microfinance a revolutionary engine for growth in developing countries?
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