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East Asia and Pacific

Got questions on China?

Nobel Laureate Joseph Stiglitz will be answering questions on China's economy and future growth prospects this coming Tuesday, 3PM London time. Questions can be submitted in advance and answers will be posted here.

Africa should follow China online

Website effectiveness consultant David Bowen reflects on all the recent discussion about how Africa’s entrepreneurs can play a key role in changing the continent’s future. However, when he goes online to find evidence of African IT-entrepreneurship he finds very little to be optimistic about:

Aid and the resource curse

Martin Wolf asks: is aid petrol on a fire, or water on a plant?

There are at least two negative views of aid (needless to say there are many positive ones, too). Both parallel views on the famous 'resource curse': few resource-rich developing countries have grown strongly over the past four decades, while many resource-poor countries have done so. Angola, Nigeria and Venezuela compare poorly with China, Mauritius and Thailand.

Remittances: a tool for reducing poverty

Remittances The poverty-reducing impact of remittances can be enhanced by policy changes in both the migrants’ countries of origin - mostly developing countries - and their new home countries.

Aligning private sector development instruments

The Emerging Markets Group, a consulting firm, organised a recent workshop on Aligning Private Sector Development Instruments with the focus on Africa; I attended. The report is here.

Most of the 'instruments' were cheap money. 'Aligning' them seems to mean, for example, making sure that private firms don't get cheap money when they're small and then run out of cheap money as they start to grow, or making sure the cheap money is spread around equitably.


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