So says Owen Barder. Money quote:
So we may be on the brink of a collapse of the entire “business model”, as traumatic as the closure of newspapers in the United States (the UK is a year or so behind). Perhaps we should see this as an opportunity, rather than a threat. Collapse may be the appropriate response, an opportunity to build a new system from the bottom up.
Why can’t international donors and project managers think more in terms of the geography and location of their programs? Last week the Aiddata conference in Oxford discussed new approaches to enhance aid transparency and donor coordination. Key issues many panelists discussed were:
- To what extent aid flows are responsive to local needs?
- How to enhance the social accountability of development aid?
- How to improve the impact of aid on improving the well-being of poor communities?
Editor’s Note: Lars Johannes is an Infrastructure Specialist in the World Bank’s Sustainable Development Network, working for the Global Partnership on Output-Based Aid (GPOBA). He is task team leader and advises projects in health, education, and energy.
Back in 2003, the World Bank and DFID launched the Global Partnership on Output-Based Aid (GPOBA). Output-based aid ties payment to service providers to the actual delivery of services in water, education, ICT, etc. The appeal is obvious—this is the kind of mechanism that helps "get the incentives right", thereby transferring risk to the service provider, increasing efficiency, and enhancing targeting of the poor.
"Are markets simply casinos for betting?" Asli recently asked this question on the All About Finance blog. She argues that financial markets do a lot more than that, and I agree. But there are some markets that come very close to being casinos. Surprisingly, in the wake of the financial crisis, the U.S.
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PSD alum Tim Harford links to an article by David Roodman at the Center for Global Development, arguing against the cancellation of Haiti's debt:
A couple weeks ago, a series of debates, spurred by Paul Krugman, centered on the dynamism of the transatlantic economy.