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Does the private sector care about AIDS?

A new (draft) paper by Ramachandran, Shah and Turner tries to better understand the impact of HIV on the private sector. Using data from the investment climate surveys the authors examine manager and worker perceptions regarding how HIV affects the private sector and what private employers are doing (or not doing) in response.

Can you believe what you read on aid and growth?

Not according to the inimitable Adamsmithee, reviewing the lastest meta-study:

The authors complain that the literature displays very strong evidence of data mining and that institutional biases appear impact published results.  Surely not.

Spending on advertising booming in emerging markets

The Financial Times reports that advertising spending in the developing world is soaring. The US leades the way, but:

…the next six biggest contributors to the increase are, in order: Brazil, Russia, India, China, Saudi Arabia and Indonesia… Together, these markets account for about a third of the growth in global advertising.

The ethical economist

Joseph Stiglitz has a lengthy review of Benjamin Friedman’s ‘The Moral Consequences of Economic Growth’ in the most recent issue of Foreign Affairs – which is equal parts book review and Stigltiz op-ed. While admitting that many of the arguments are compelling, Stiglitz points out that the type of growth matters as much as the amount.