Low-carbon FDI in areas such as renewables, recycling and low-carbon technology manufacturing is already large (some $90 billion in 2009), but its potential is huge. This is one of the conclusions of UNCTAD’s 2010 World Investment Report, released last month. The report is the most recent in an annual series exploring the latest trends and prospects for FDI flows and recent policy changes, and also offers a deeper analysis of a topically relevant issue of the day.
There is an ongoing conversation in the development community, certainly amongst donors, about the need to make sure that aid is well spent and reaches the people it is intended to help. Most recently the UK shared its vision for international development, highlighting Value for Money and the use of results-based approaches.
Apparently, Freedom from Hunger, the non-profit behind the End4Hunger campaign, didn't get the memo about making over-the-top claims on behalf of microcredit (let alone any type of aid). The ad below appeared in my Gmail account just a few hours ago.
A new note in the Viewpoint series provides a handy summary of much of the recent research on the impact of business entry reforms. Unsurprisingly, cutting the costs and number of procedures to start a business results in more firms entering the formal market. To give one example, the creation of a one-stop shop in Mexico resulted in a 5% increase in new firms.
The WSJ reports that UK's Prime Minister David Cameron is pushing for India to lower its barriers to investment:
Usually, the term 'G20' induces images of interminable meetings and high-minded but vaguely worded communiques. But the G20 is trying to get hip. It is sponsoring a competition to crowdsource ideas for one of the perennial problems of development (and one greatly exacerbated by the financial crisis) -- access to finance by SMEs. Here are the details:
Editor's Note: Nadia Piffaretti is assistant and advisor to the Senior Vice President and Chief Economist, Development Economics.
“The world has been slow to realize that we are living in the shadow of one of the greatest economic catastrophes of modern history”. This could be the opening to any one of the dozens of Op-Eds appearing since the start of the crisis, but they are the words of J. M. Keynes from his 1930 piece The Great Slump of 1930.