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France to privatize power

France’s conservative government has finally given the go-ahead for the partial privatisation of EDF. Some 15% of the vast company—the world’s biggest generator of nuclear power—is set to revert to private ownership in the next few days.

Can you believe what you read on aid and growth?

Not according to the inimitable Adamsmithee, reviewing the lastest meta-study:

The authors complain that the literature displays very strong evidence of data mining and that institutional biases appear impact published results.  Surely not.

Spending on advertising booming in emerging markets

The Financial Times reports that advertising spending in the developing world is soaring. The US leades the way, but:

…the next six biggest contributors to the increase are, in order: Brazil, Russia, India, China, Saudi Arabia and Indonesia… Together, these markets account for about a third of the growth in global advertising.

The ethical economist

Joseph Stiglitz has a lengthy review of Benjamin Friedman’s ‘The Moral Consequences of Economic Growth’ in the most recent issue of Foreign Affairs – which is equal parts book review and Stigltiz op-ed. While admitting that many of the arguments are compelling, Stiglitz points out that the type of growth matters as much as the amount.

New private infrastructure research

Cleaning out the inbox, some recent publications on private participation in infrastructure (PPI):

1) An excellent new research database on the economic performance of infrastructure

2) ‘Coercive isomorphism’ and the political backlash against PPI

Cambodia goes organic

From the BBC:

With the future of the garment sector uncertain, Cambodia is looking for other sources of income - and one of the areas under consideration is organic farming. The government says it hopes the country could become the "green farm of Asia", and export its produce to Europe and the United States.

But there are co-ordination problems to overcome:


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