Financial Markets…Gross capital flows to developing countries jumped up in April, with all segments of the market experiencing a surge, as investor’s risk appetite improved. In particular, capital flows to North Korea rose to a record high in the month, with strong bond and equity issuance activity after Moodys and S&P unexpectedly awarded the nation’s first investment grade rating on Friday.
"If we want things to stay as they are, things will have to change."
Giuseppe Tomasi di Lampedusa (1896 - 1957). An Italian writer. From the book "The Leopard" (1958), which is considered to be one of the greatest novels in Italian literature.
I started working in Morocco four years ago as a result of the government’s request for
support in implementing their national agricultural strategy, the Plan Maroc Vert. This strategy set the ambitious targets of doubling the agricultural value added and creating 1.5 million jobs in little more than a decade.
Arun Agrawal, of the University of Michigan School of Natural Resources and Environment, is the new editor of the journal World Development. He graciously agreed to continue our series of Q&As with journal editors.
Development Impact: You have taken over recently as editor of World Development. Tell us briefly about your vision for the journal – how do you aim to differentiate World Development from other development journals?
"Phones today are more powerful than computers I used as a kid, apps become increasingly awe-inspiring and problems are solved everyday using technology."
Technology excites me so much I get goosebumps just thinking about how cool it is, and how much cooler it will be with every passing year.
When we started the first daily deals company in Sri Lanka, we took the risk of starting a large scale online business in Sri Lanka and it wasn't without its problems. Many questions came up; isn't the internet penetration too low? Isn't credit card penetration too low? Wouldn't people be afraid of buying things online?