The New York Times editorial last Saturday "Foreign Aid, Revised" warns against the increasingly apparent focus of US foreign aid on democracy promotion and terrorism fighting at the expense of antipoverty programs.
We now enter the second part of our Fridays Academy series.
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.
Tina Rosemberg wrote last week in the New York Times (paying, free trial available) about programs that are successful reducing poverty.
Here are eight particularly effective ones, in her words:
I. The Gold Standard: Universal Vaccination
While global cross border capital flows have risen to reach nearly $6 trillion in 2004, only a small fraction (about 10%) flows to developing countries. People cannot help but ask, Why doesn't capital flow from rich to poor countries? In a recent conference, Prof Enrique G.
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)
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.
Jeffrey Sachs replied to some of the questions asked by the audience at Daniel Altman’s excellent Managing Globalization Blog.
Among many topics, he discusses MDGs, Population Growth, Microfinance, Corruption, Environment, and Aid. The first comment regards Multilateral Development Institutions.
In a new working paper, our own Nihal Bayraktar and Yan Wang look at the links between banking sector openness and economic growth.
Fridays Academy postings are based on Raj Nallari and Breda Griffith's teaching notes.
Measures of Institutional Quality