This could be the biggest group of major league influencers ever gathered to blog in one online place.
Raghuram Rajan writes on Aid and Growth: The Policy Challenge in Finance and Development. He remains sceptical:
Unfortunately, I'm not sure that even if each micro-intervention works well by itself, they will all work well together. Interventions could affect each other and get in each other's way or vie for the same resources. They could also have adverse spillover effects on the rest of the economy.
To move cash the few score miles between Mogadishu, Somalia's lawless official capital, and Jowhar, the seat of its transitional government, a local money-vendor has to pay $6,000. For that he gets an armoured lorry, 30 gunmen and three “technicals” — jeeps with heavy machineguns. What he doesn't get is insurance or any recourse to a state authority if his gunmen are killed, for state authority does not exist. But the money vendor still moves the cash, if the amount is big enough, and still makes a profit.
Ethical Corporation believes that the corporate responsibility of Latin America firms needs to be different than that of their European and US counterparts.
Until recently, blogging - the practice of keeping a journal style website with dated entries - has barely registered in sub-Saharan Africa, with switched-on South Africa as the obvious exception. The relative scarcity of affordable internet access and the physical distance from the Western epicentre of the online world made blogging an elite pastime for expatriates living in the continent and Diaspora students outside it. But the situation is starting to change…
Transparency International has published their 2005 Global Corruption Barometer. The report shows that the impact of corruption is harshest on the poor, and that citizens of poor countries tend to pay a significantly larger percentage of their income in bribes than those in higher income countries.
MSNBC is reporting:
The proposed reorganisation could lead to a takeover by the State Department of the independent US Agency for International Development.
Though it seems there will be no definitive decision for another month or so. This follows USAID Administrator Andrew Natsios’ announcement last week that he was retiring.
It is late at night in a bar by the Zambezi river when Dipak Patel, trade minister from the impoverished southern African state of Zambia, finds the perfect way to illustrate how hard his job is. “So how many people does the Financial Times have covering trade?” he says. Well, I say, there’s me (the world trade editor), a reporter in Geneva who spends most of her time on trade, someone in Brussels, someone in Washington, and of course our bureau chiefs and reporters around the world spend a fair amount of their time writing about it.