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Fridays Academy (1): Economic Policies for Growth and Poverty Reduction

Ignacio Hernandez's picture

The following is the introduction to Raj Nallari’s lecture notes on Growth and Poverty Reduction. These materials are part of courses delivered during the last two years to analysts and policy makers around the world. We will be posting these notes every week, in our Fridays Academy series.


Who is an “aid worker”?

That is the question being asked over on Dans le meilleur des mondes possibles. Click over and vote. Elizabeth also has an impressive blogroll of blogs written by aid and development workers -or ‘optimists’ as she calls them- stationed all over the world.

Evaluating development recipes

When I present my own theoretical models [on growth and institutions] to audiences, I am almost invariably asked to interpret the results for their policy implications. The listeners usually find my responses meager and unsatisfactory, and I am compelled to agree. Today I want to take this opportunity to apply the same, admittedly very stringent, test of policy relevance to all academic research in this area.

Development blogs: the blogroll

When we launched this blog back in August we only knew of a handful of blogs that discussed international development issues. Since then my RSS reader has become overrun with development-related feeds. After some housecleaning and additional research over the weekend I have exported my development-related RSS feeds into a public Bloglines account. Find the full folder list here, or a hyperlinked version here. More info below the fold.

The emerging market boom

The BIS Quarterly Review has a short paper on the soaring asset prices in emerging markets. Read it for the great graphs of the year-on changes to bond spreads & yields, equity prices, exchange rates, private capital flows, credit ratings and M&A activity in emerging markets.

True, recent emerging market growth has been vigorous (and very profitable for many). But is this emerging market revival a structural story or a cyclical one?

The Sources of Global External Imbalances

Yan Wang's picture

Although the world economy has been growing at a decent rate in the last three years, the global current account imbalances have reached unprecedented levels.  On one hand, the US current account deficit rose from $665 billion in 2004, to $820 billion or 6 percent of GDP in 2005, and is expected to reach $900 billion in 2006.