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Aid Effectiveness

Getting creative with Keynes

Ryan Hahn's picture

If you really want to stimulate the economy, give out gift cards, or so says Virginia Postrel in the May edition of the Atlantic. And make sure to put a short deadline on it. Otherwise, consumers tend to be "hyperopic" - they put off enjoyment too long and let the card expire. Money quote:

Keynesian multipliers and market economies with a human face

Ryan Hahn's picture

Gearing up for the G20 summit on April 2, World Bank President Robert Zoellick made a speech this morning in London on the growth outlook for the developing world and what the G20 can do about it. Prospects look dim - newly released forecasts from the World Bank project growth of 2.1 percent in the developing world in 2009.

Trade not aid?

Ryan Hahn's picture

First, America must remove trade barriers on exports from the poorest countries, regardless of trade policies in those countries. With global market access, poor countries would automatically attract private investment, despite their institutional weaknesses. These institutions would become stronger over time as businesses flourish. Private investments capitalizing on access to global markets would necessarily employ low-cost labor, thus creating jobs.

How much does a vote cost?

Ryan Hahn's picture

At least in Uruguay, a vote costs about US$2,000. This is according to a new paper that looks at the political economy of conditional cash transfer programs. In 2004 Uruguay implemented a conditional cash transfer program called PANES not unlike Mexico's well-known Progresa program. According to Government Transfers and Political Support: