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January 2014

Prospects Daily: Global stocks start New Year on relatively weak note, U.S. manufacturing ends 2013 on a high note, Manufacturing sector growth rebounds in Brazil but slows in China, India, and Turkey

Financial Markets… Financial Markets…Global stocks started the year on a relatively weak note amid disappointing Chinese manufacturing data with developing-country stocks leading the decline. Market valuations for global equities surged more than $9 trillion in 2013 as Federal Reserve’s quantitative easing helped the U.S. economy gain momentum and Eurozone economy rebound from its longest recession. European and U.S. stock markets fell slightly after ending 2013 on a very strong note, while emerging-market stocks drop the most in six weeks on Thursday.

#6 from 2013: The Limits of Institutional Reform in Development - Changing Rules for Realistic Solutions: Getting Stuff Done

Sina Odugbemi's picture

Our Top Ten Blog Posts by readership in 2013
This post was originally published on February 21, 2013


There is a silent struggle going regarding how you do governance reforms in development. It is between the prevailing tendency and a small but growing band of practitioners saying things need to be done differently. The prevailing tendency is the packaging of experts-devised best practice packages that we take from country to country…model anti-corruption laws, model designs for the civil service, procurement systems, and financial management systems and so on. Our highly trained experts are invested in their solutions, and the modern global system has a growing array of policy networks on every issue under the sun, and they amass and disseminate norms of ideal practice. So, donors and their experts move from one country to another, offering money, loans, and these packages.  So, how are things working out? Not very well is the answer. To use an Americanism; we are not getting stuff done that much when it comes to governance reforms, whatever the sector. Isn’t it high time we changed our ways?

Calibrating 2014

Otaviano Canuto's picture

The global economy looks poised to display better growth performance in 2014. Leading indicators are pointing upward – or at least to stability – in major growth poles. However, for this to translate into reality policymakers will need to be nimble enough to calibrate responses to idiosyncratic challenges.


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