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October 2013

Lampedusa – the Shadow under the Lamp

Dilip Ratha's picture

“In Lampedusa ten days ago, the air was not only full of the stench of the decaying bodies of drowned Africans -- men, women, and children -- it reeked of hypocrisy,” writes Uri Dadush in Huffingtonpost.

In case you missed the news about this sad and shameful event, it began with migrants from Africa trying to come to Europe in a boat; it involved drowning and death of some 365 people within eyesight of the beautiful beach island of Lampedusa; and it is by no means the end of poor people trying to swim the sea for safety and survival from hunger and exploitation.

From the Annals of Puzzles: Why Indian Children Are More Stunted than African Children

Berk Ozler's picture
I recently finished teaching smart and hard working honours students. In Growth and Development, we covered equity and talked about inequalities of opportunity (and outcomes) across countries, across regions within countries, between different ethnic groups, genders, etc. In Population and Labour Economics, we covered intra-household bargaining models and how spending on children may vary depending on the relative bargaining power of the parents.

A Possible Rebirth of the Carbon Market?

Chandra Shekhar Sinha's picture

Photo courtesy: Priya.Balraju1/Flickr

Many people have voiced pessimism over an international agreement to address climate change since the 2009 climate conference in Copenhagen fell short of expectations. The lack of a comprehensive, global effort to curb emissions; the failure by the United States to pass meaningful federal legislation, the continued recession in Europe; and, most recently, the election results in Australia have undermined efforts to put a price on carbon and dampened hope for market-based solutions to climate change.

The somber mood was evident at the Carbon Forum Asia, held in Bangkok between September 24 – 27.  But participants at the event also found a glimmer of hope.

Never Again! The Story of Cyclone Phailin

Saurabh Dani's picture

I have been visiting coastal Odisha for the past four years, earlier when we were preparing the National Cyclone Risk Mitigation Project (NCRMP) and subsequently during project implementation.
Every time the project team visited a village, the local community was always there to welcome us and talk about their experience during the 1999 cyclone, the community members they lost, the houses damaged, the devastation inflicted. This was an event that was firmly etched in their memories even 10 years later. Every site visit was followed by a small function wherein the local community mobilizing volunteers spoke about the preparedness work they were undertaking in collaboration with the Odisha State Disaster Management Authority (OSDMA) and local community organizations. Almost every single meeting ended in their spoken resolve “Never Again!”

Prospects Daily: Developing-country stocks advances, U.S. existing home sales declines, China builds up foreign exchange reserves

Global Macroeconomics Team's picture
Financial Markets…Global exchange-traded funds that track everything from equities and bonds to commodities received about $47 billion inflows since September 1 with nearly $7 billion going into ETFs on October 17 alone amid resolution of the U.S. budget impasse.  EFTs registered about $18 billion outflows in August, after posting $40 billion inflows in July and $11 billion outflows in June, making it the most volatile period on record for money flows.

Facilitating A Youth Jobs Revolution – Part 1

David Robalino's picture

Girl working on a loom at a carpet and silk weaving center in the Herat Citadel in Afghanistan that is funded under the auspices of the Afghanistan Rural Enterprise Development Project (AREDP). Photo credit: Graham Crouch / World Bank

The statistics are distressingly familiar. Recent World Bank estimates suggest that about 6 percent of young people are unemployed, and another 20 percent are idle — that is, they are not working and are not in school or training. This is nearly 300 million young people altogether. In addition, there are hundreds of millions of young people around the world who are in unpaid or poorly paid and unproductive work. So we must bring millions of young people into work who are currently out of the workforce, and we must also help boost the productivity of those that are currently in poor jobs.

Friday Roundup: Globalization, schooling gaps, the five hour energy guy, inequality, Phailin's wake and China in world trade

LTD Editors's picture

Simon J Evenett and Douglas Irwin debate on the future and prospects of globalization in the latest edition of the Economist Debates.

In 'The Gap Between Schooling and Education' on the NYT Economix blog, Annie Lowrey interviews CGD's Lant Pritchett about his new book, "The Gap Between Schooling and Education."

The WSJ's 'At Work' blog carries an interview by Rachel Feintzeig with Manoj Bhargava, a CEO who dropped out of Princeton and lived like a monk in India for 12 years before making it big.

Joe Stiglitz has a piece titled 'Inequality is a Choice' on the NYT's opinionator blog.