A new paper compares changes in financing by international banks to domestic banks after the 1998 Russian debt crisis. The author finds that financing increased to banks with international equity holders when compared with their purely domestic counterparts.
Financial liberalization can make you more resilient to global credit shocks, but only if you invite foreigners rather than just borrow their money.
Can information and communication technologies (ICT) foster critical and entrepreneurial thinking at the bottom of the pyramid? This was one of the key themes that emerged from the GK3 conference last month.
Is public opinion a force for good government or not? If recent events in Burma, Pakistan and Georgia show anything at all it is that public opinion is ultimately the basis of power and legitimacy. Which is something several political philosophers have told us for over 200 years, but it is fascinating to watch these struggles unfold.
And it explains why authoritarian regimes are always keen to control public opinion by:
Like every Friday, based on Raj Nallari and Breda Griffith's lecture notes.
Measuring Gender Inequalities
The World Health Organization estimates that 1.6 million people die each year from toxic indoor air.
When most people think about Sabang, they think about diving. For good reason – the diving spots here are among the best in the world. But there’s more to Sabang than diving, as I discovered by chance.