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September 2007

When do creditors' rights work?

There's much talk about the need for creditor-friendly laws in order to provide more capital to private sector. But how much is a better lenders' right to collateral worth in an absence of effective enforcement?

The Poverty and Growth Blog is back

Ignacio Hernandez's picture

... a bit later than planned. Apologies.


Our excuses also to those who sent comments during the Summer and didn't see them published. The spam we have been getting has reached overwhelming levels and we have to redesign slightly the "comment" section. It should be working very soon.


We will also continue with our Fridays Academy series, and will add new features in upcoming weeks, so stay tuned.


Thank you

What are entrepreneurs really good for?

Having analyzed roughly twelve years of empirical economic research, Mirjam van Praag and Peter Versloot say that entrepreneurs, apart from being good at creating jobs, bring joy to the workplace:

Entrepreneurs pay not only lower wages, but offer fewer benefits. However, apparently, entrepreneurs offer other intangible benefits to their employees because their employees are more satisfied with their (lower paid and less secure) jobs than the employees of their counterparts.

Social networks: friends or foes?

So the latest social networking site is here.  It is accompanied by a constellation of related platforms, including Speed Granting "an online and offline platform that encourages and rewards social entrepreneurs for their social initiatives, and allows their peers cast votes to determine the recipients of the grants." The associated Facebook application - yet another application of the

FDI in 2011

The Economist Intelligence Unit together with the Columbia Program on International Investment released the World Investment Prospects to 2011 which forecasts FDI flows for 82 countries over the next five years. Eight out of top twenty recipient countries will be in emerging-markets.

The report focuses on political risk, and Jeffrey Sachs analyzes ways to address growing risks in the energy sector.

The graph shows predicted inflows to Asia + China: