Having lived in Latin America for much of my life, I am used to highways being operated by foreign companies. Though here in the US the news that the state of Indiana has agreed to lease a toll toad to a Spanish-Australian joint venture has caused considerable comment:
That was Harvard President Lawrence Summers’ recommendation at a recent conference at the Center for Global Development (CGD) in Washington.
- Macroeconomic Management
Empirical results show that governance plays a significant role in private investment decisions. This result is particularly true in the case of "administrative quality" in the form of control of corruption, bureaucratic quality, investment-friendly profile of administration, and law and order, as well as for "political stability." Evidence in favor of "public accountability" seems, however, less robust.
South African gold producer Gold Fields was told to temporarily cut power usage at its mines in Ghana during the World Cup as thousands of televisions sucked up power.
Mozambique’s poverty reduction programs aim at reducing absolute poverty by 30 percent by 2010, which can only be achieved with a GDP growth of 8 percent per year or more over the next ten years.
This Friedrich-Ebert-Stiftung working paper looks at the French and Chilean air-ticket taxes, the international finance facility, remittances, currency transaction taxes, carbon taxes and a tax on arms exports.
Meanwhile, Lawrence Summers argues that development goals would be helped if developing countries diversified their reserve holdings to hold more international stocks and bonds instead of mostly US government debt: