A few months back, Justin Lin, the World Bank's chief economist, and Bill Easterly had a friendly debate about the merits of industrial policy. Lin has been promoting a concept he terms New Structuralist Economics, or what might more plainly be called Industrial Policy 2.0.
Today IFC and S&P launched the Carbon Efficient Index for Emerging Markets. The index is designed to closely track the Investable Emerging Markets Index begun by IFC, but is now managed by S&P with 24% more carbon efficiency.
Last month, Ryan took a look at the impact of the financial crisis on microfinance in Latin America, arguing that uncompetitive microfinance markets and small or inexperienced MFIs were responsible for increased premiums.
Vox has an informative article by two South African economists, Peter Draper and Gilberto Biacuana, highlighting the effects of declining trade flows on African growth. The first half of the piece offers an excellent summary of Sub-Saharan Africa's economic state as a result of the crisis. The authors argue that the crisis has affected Africa mostly through reduced exports and commodity prices, along with declining capital inflows.
Last Wednesday, before heading to California for the long Thanksgiving weekend, I wrote that "Dubai is looking to be the ultimate boom and bust story&qu