Currently viewing the category: "Development blog"

Don’t we know that all that matters for reducing poverty is growth, especially after China? And therefore we development economists should focus on the things that make growth happen: Macro policy and creating the right institutional environment. And not bother with the micro evidence…

No, no, and, as the expression goes, no. Every step in [...]

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The parliament of the streets which saw its culmination in the Philippines at EDSA-1 on February 1986 took root shortly thereafter in places like South Korea, Thailand, Indonesia, Malaysia and even Burma. Were it not for the tanks on Tiananmen, it would have triumphed in China back in 1989. It has spread even to Eastern [...]

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A certain pizza place we shall now disguise behind the name Norwich Pizza had been acquired by a large food conglomerate we shall call Bumblebee Food Corporation for purposes of discussion. BFC sought to turn Norwich from a simple mom and pop type of operation into a highly profitable nationwide franchise.

It set about [...]

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Talk to the pundits and commentators and hear their lamentations over the sluggish fourth quarter GDP growth figures of last year. Talk to the investment analysts and you hear a very different story.

Having used up much column space last year predicting an inevitable slowdown of the growth rate, and seeing it materialize, I find [...]

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Obama’s war on Outsourcing is first about getting elected. It is about brining jobs to his voters– which is his job. It is about American confidence, and resiliency. It is about screwing with the Chinese, but mostly it is about America.

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The Philippines it seems is engulfed in all things Hollywood at the moment. With the filming of the Bourne Legacy taking place in Manila filling the nightly news with human interest stories surrounding both actors and extras, another “courtroom drama” was unfolding in the Senate with the impeachment trial of Chief Justice Renato Corona.

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In its latest release of The World by 2050 report this month, HSBC elevated the prospects for the Philippines projecting it would be the 16th largest economy by mid-century. This is in stark contrast to where the country was positioned last year, outside the top 40, a remarkable leap in the space of a year. [...]

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Many talk about the culture of corruption. It has been called a cancer that eats away at the fabric of society by the religious and the secular alike. I have likened it to the multi-headed hydra in Greek mythology, irrepressible.

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With the release of third quarter GDP figures upsetting all but the most ardent economic apologists for this administration, the time has come for it to re-think its priorities.

The situation is nearing a critical level. As the whole of Europe is placed on credit watch and as recovery in the [...]

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In uncharacteristically blunt language, US President Obama as host of the APEC summit in Hawaii called on China to act like a “grown up” saying “enough is enough” and that it was time for the People’s Republic to “operate by the same rules that everybody operates” threatening dire consequences unless the [...]

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