University World News reports that the world record for the longest lecture has been broken. Errol Tapiwa Muzawazi, a 25-year-old law student, clocked in at 121 hours. (According to the rules, lecturers are allowed to snooze briefly every hour.) Muzawazi narrowly beat an Indian professor who lectured for 120 hours in 2008. His goal? To raise awareness of the Millennium Development Goals.
Editor's note: Dorsati Madani is a Senior Economist at the World Bank's Strategy and Analysis Unit (CICSA) of the Investment Climate Advisory
The “holy grail” for those working in PSD is the scalable and sustainable business model that engages the poor while delivering social and developmental outcomes. Finding the PSD grail will potentially empower large numbers of poor men and women to find their own way out of poverty as well as generating, on a commercial basis, socially desirable goods and services. But there have been many false trails in the quest for the PSD grail. Among them are supply chain development initiatives that remain external to the economic lives of the poor, and heavily subsidized models tha
A couple of years ago, former PSD blogger Tim Harford and co-author Michael Klein argued for more market-like mechanisms in the aid industry in The Market for Aid. A new working paper by Owen Barder (Beyond Planning: Markets & Networks for Better Aid) picks up where Tim and Michael left off. Owen argues that aid agencies are stuck between a rock (donor
Geoff Dyer explores the idea of using China's massive foreign exchange reserves to form an investment vehicle for emerging markets. He has assembled a series of proposals from leading Chinese thinkers, including some from within the government.
Today the day starts early. The morning is dreary, gray sky, a sprinkling of rain…but that’s more than likely to change as the day continues. I’ve just arrived in Istanbul, not the capital, but Turkey’s commercial, financial, and transportation hub nonetheless. The airport has welcome signs to the IMF-World Bank meetings for all the international delegates expected this week. I smile as the passport officer greets me. I’ve been living abroad for nearly a year, and it’s always nice to visit.
Does too much aid lead countries to become aid dependent? Clearly this is a possibility, and one that some aid critics believe is an inevitability. But I wouldn't say that aid is necessarily habit forming. The key issue is whether the aid is sustainable—in other words, whether the recipient country is taking the necessary steps to wean itself off aid over the longer term.