East Asia and Pacific
A new online discussion has been launched on the role of the private sector in natural disaster recovery and risk mitigation. All are encouraged to participate.
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:
A recent paper by Sendhil Mullainathan looks at development economics through the lens of psychology. On property rights he says:
It was recently brought to my attention that the UK Overseas Development Institute (ODI) has launched a new blog on development, aid effectiveness and G8 issues.
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.
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.