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Columbia University's Geoffrey Heal asks, "can renewable energy save the world?". The answer is dependent on infrastructure and technology, rather than cost:
Not too long ago, Bill Easterly and Justin Lin squared off at an event at the World Bank over the wisdom of industrial policy in developing countries. While I am sympathetic to Bill's position, judging by the mood of the crowd in the room, I would have to call the debate a tie.
The World Bank's Doing Business blog has migrated to the PSD blogoshere. Dahlia Khalifa, senior member of the Doing Business team explains the transition:
Geoff Dyer explores the idea of using China's massive foreign exchange reserves to form an investment vehicle for emerging markets. He has assembled a series of proposals from leading Chinese thinkers, including some from within the government.
I was walking through the lobby of IFC today, and there was something pretty unusual hanging—a bunch of oversized, transparent garbage bags. I took a snapshot with my phone (apologies for the modest quality of the photo). From a distance, I couldn't tell what was inside, but when I got up close I saw they were filled with tons of plastic bottles—all used by IFC staff. The sign below the bags reports that IFC staff consume some 80,600 plastic bottles every year.
One of the bright spots in the financial crisis so far has been the resilience of remittance flows to developing countries. While other forms of private finance fled developing countries when the international financial system came under stress, migrants kept sending money home.