‘A stack of research papers concludes that an excellent cure for poverty is simply to give poor people money’ Is this the most effective development programme in history?” asks Chris Blattman, a...
Development needed? Just give cash
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Attested development
The moral case for doing more to help the very poor is unanswerable. The practical case is more problematic: much foreign aid has been spent poorly in the past and we still have plenty to learn. No...
The development dilemma: Can parking tickets explain why poor countries are poor?
Economic Gangsters: Corruption, Violence, and the Poverty of Nations, by Raymond Fisman and Edward Miguel, Princeton: Princeton University Press, 240 pages, $24.95 Many economists think corruption...
Arrested development
When you’re lost and running late, it is frustrating to stop and figure out the lie of the land. Nevertheless, that has to be better than speeding off in the wrong direction, however fleetingly...
The private sector development blog
The World Bank's first blog is up and running, thanks to yours truly and my wily colleague Pablo Halkyard. Wish us luck!
Grants or Loans: Development finance and incentive effects
By Michael Klein and Tim HarfordSome people think the best way to give aid is through grants. Others advocate aid embedded in subsidized loans. Mostly, incentive effects on donors and recipients are...
A development strategy for Asian economies
by Stanley FischerThis presentation describes the rise of East Asian economies, the lessons of that success, and includes remarks on South Korea in particular. I helped Stanley Fischer prepare the...
What I’d put in my museum of the economy
Above the Viking swords and skeletons, across from the enchanting display of vintage dollhouses, Denmark’s National Museum contains a human-scale hamster wheel. Visitors may climb inside, grab the...
How to fix the British economy
I recently argued that the UK’s economic performance has been disastrous for 15 years. The consequences are plain to see: people are struggling to make ends meet; taxes are high, yet public services...