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November 2006

Shan vs. the World Bank

Ignacio Hernandez's picture

Weijian Shan recently ignited a debate over the profitability of Chinese companies with his essay in the Far Eastern Economic Review “The World Bank’s China Delusion”, which had a reply in World Bank economists Bert Hofman and Louis Kuijs’ “Profits Drive China's Boom."



FEER’s blog told the full story.


Fridays Academy: Governance

Ignacio Hernandez's picture

From Raj Nallari and Breda Griffith's lecture notes.


At least six dimensions of governance are referred to repeatedly in the literature. These are: (i) voice and accountability, (ii) political stability, (iii) government effectiveness, (iv) regulatory quality, (v) rule of law, and (vi) control of corruption (Kaufmann and Kraay 2002).



Income per capita and Voice and Accountability

(Log of GDP per capita on Y-axis; voice and accountability score on X axis)

Water and Poverty

Ignacio Hernandez's picture


In a world of unprecedented wealth, almost 2 million children die each year for want of a glass of clean water and adequate sanitation. Millions of women and young girls are forced to spend hours collecting and carrying water, restricting their opportunities and their choices. And water-borne infectious diseases are holding back poverty reduction and economic growth in some of the world’s poorest countries.


Remittances in Latin America: Not Manna from Heaven

Ignacio Hernandez's picture

Close to home


In 2005 migrant workers from Latin America and the Caribbean (LAC) sent a total of $48.3 billion back to their home countries.  In 2004, remittances represented about 70 percent of foreign direct investment (FDI) in LAC and were 500 percent larger than Official Development Assistance to the region.