I need to explain how this came about. I was in London recently and I wanted a fabulous example of English prose style to read on the flight back to Washington. I have always believed that the golden age of English prose style is somewhere between the 18th and 19th centuries. So I went to Waterstones, the booksellers, and bought a copy of Lord Thomas Babington Macaulay's (1800-1859) magisterial History of England, specifically the condensed Penguin Classics version of it. As a masterpiece of English prose style it has not disappointed me. The work itself tells the story of how James II, King of England in the late 17th century, lost public support and William of Orange was able to come over from Holland to replace him, almost without firing a shot in anger. The revolution is known as the Glorious Revolution of 1689, and it more or less resulted in the constitutional system that is still the basis of government in the United Kingdom today.
We had a fascinating seminar on this topic yesterday. Goolam Ballin of Standard Bank said that Africa today looks like Asia did 20 years ago--poised to grow rapidly over the next two decades. At the same time, he was worried about the next two years because of Africa's dismal experience in adjusting to the external shocks of the 1970s. Nigerian central bank governor Chukwuma Soludo struck a distinctly more optimistic note, pointing out that, for example, Nigeria's non-oil sector was growing even
The rise in food and energy prices coupled with the financial crisis will guarantee a lot of attention this year on the IMF and the World Bank. Here are a few views on this year's Annual Meetings:
Robert Zoellick leads off with the opening press conference of the Annual Meetings of the Boards of Governors of the World Bank and IMF (video after the jump). Zoellick argues that developing countries now face a triple hit: "In July, at the G8 summit, I said that developing countries were facing a double jeopardy from the impact of high food and fuel prices.
As usual on Fridays, from Raj Nallari and Breda Griffith's lecture notes.
Summary Measures of Gender Inequalities