The role of Bollywood in the fall of the Permit Raj and emergence of the Indian economic miracle
30 Oct 2014 Leave a comment
Deirdre McCloskey on the right way to get angry about poverty and inequality
19 Oct 2014 Leave a comment
Milton Friedman Describes Hong Kong as an Example of the Free Market System
12 Oct 2014 Leave a comment
in applied price theory, comparative institutional analysis, development economics, growth disasters, Milton Friedman Tags: Hong Kong, Milton Friedman, The Great Enrichment
Paul Krugman on those soulless multinational corporations doing business in the Third World
06 Oct 2014 Leave a comment
Beyond foreign aid – recommendations to a House of Commons enquiry
03 Oct 2014 Leave a comment
in development economics, growth disasters, growth miracles Tags: development aid, foreign aid, overseas development aid
- Reducing trade barriers that limit exports from poor countries: implementing aspects of the Doha Round negotiation could create real income gains for low- and lower middle-income countries of more than £28 billion a year.
- Facilitating private investment, especially for infrastructure: lack of infrastructure financing for African countries may be reducing growth in some countries by as much as 2% a year.
- Protecting global environmental public goods, which create substantial value for poor countries (fisheries alone contribute an estimated £17 billion a year to African economies), and the burden of whose depletion falls disproportionately on low-income countries.
- Facilitating more research and development and technology transfer, ranging from new or cheaper pharmaceutical products to intellectual property that can be used by firms in poor countries. e) Increasing the proportion of migration that comes from developing countries: even temporary migration of poor workers to rich countries creates massive annual income gains far larger than any aid programme.
- Promoting security. While civil wars have a human cost and set back economic growth, the UK spends exports £12 billion worth of military and dual-use equipment to states on the Foreign and Commonwealth Office’s list of Countries of Concern for human rights abuses.
Is our economic ignorance about the sources of growth increasing?
30 Sep 2014 Leave a comment
in development economics, economic growth, growth disasters, growth miracles, macroeconomics Tags: Solow residual
Bill Easterly on the great dangers of evidence-based policy and field trials
28 Sep 2014 Leave a comment
What does socialism do?
15 Sep 2014 1 Comment
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, growth disasters, liberalism, Marxist economics Tags: socialism
HT: Dan Mitchell
Utopia, you are standing in it! 
Recent Comments