Shangai's piano business is out of tune. Local police have stumbled over a cache of 5000 smuggled pianos. The smugglers go to court over $1 million in upaid customs revenue.
As usual on Fridays, from Raj Nallari and Breda Griffith's lecture notes on Economic Policies for Poverty Reduction.
Official Development Assistance for Education
The International Monetary Fund's latest World Economic Outlook is out.
The World Economic Outlook (WEO) presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups (classified by region, stage of development, etc.), and in many individual countries. It focuses on major economic policy issues as well as on the analysis of economic developments and prospects.
Similar to the Next 4 Billion: Market Size and Business Strategy at the Base of the Pyramid report, Harvard Business School (HBS) released its own study.
There have been numerous discussions recently on the need (or lack thereof) of more aid for developing countries. An article in the Economist reminds us that the quality of aid is as important as its quantity.
After the Indian Ocean tsunami, according to a report in El Pais, an Acehnese girl developed measles symptoms thanks to three identical jabs from different aid agencies.
The microcredit movement has been built on the assumption that the poor need credit to invest in microenterprises, which will help them get out of poverty. Household survey data from Indonesia suggest otherwise, with substantial use of microcredit for consumption rather than investment purposes.