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Updated by John Dalesio on Feb 01, 2016
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Development Economics

The twilight of the resource curse?
FOR decades commodity prices have shaped Africa's economic growth. The continent is home to a third of the planet's mineral reserves, a tenth of the oil and it produces two-thirds of the diamonds. Little wonder then that, as a rule, when prices for natural resources and export crops have been high, growth has been good; when they have dipped, so has the continent's economy (see chart 1).
This year's development summits have many mountains to climb | Kevin Watkins
Welcome to the mother of all years for summits on international development. The 2015 calendar includes a major gathering in July in Addis Ababa, Ethiopia, on financing. After that the summit caravan will head to the UN general assembly in New York, where governments will adopt a new set of global development targets to replace the Millennium Development Goals (MDGs).
China's export-led growth model
Author: Yang Yao, Peking University China's export-led growth is rooted in a double transition of structural change and demographic transition. Accession to the WTO has allowed China to fully integrate into the world system and capture the gains of its comparative advantage in abundant labour supply.
Make in India, largely for India, says Raghuram Rajan
Slow industrial country growth has made more difficult a traditional development path for emerging markets (EMs), of export-led growth. EMs have to rely once again on domestic demand, always a difficult task because of the temptation to overstimulate.
China invests in India's infrastructure | tutor2u Economics
Narendra Modi's term as India's Prime Minister is in full swing, with a 'Modi bounce' seen in recent figures for FDI and an upturn in the rate of economic growth. Optimism is high that change for the better is underway in developing an infrastructure that can support India's 1.2 billion people.
Joseph Stiglitz: Economics Has to Come to Terms With Wealth and Income Inequality
Nobel laureate Joseph Stiglitz has been writing about America's economically divided society since the 1960s. His recent book, The Price of Inequality, argues that this division is holding the country back, a topic he has also explored in research supported by the Institute.
The path through the fields
ON THE outskirts of the village of Shibaloy, just past the brick factory, the car slows to let a cow lumber out of its way. It is a good sign. Twenty years ago there was no brick factory, or any other industry, in this village 60 kilometres west of Dhaka; there were few cows, and no cars.
Slumming it up | Dhaka Tribune
We reached Hazi Nurun Nabi colony, at the very tail of Chittagong, at noon on a hot, humid, sunny day. The day being the first of the week, we expected the men to be away at work, children attending their schools.
UN News - When a food security crisis becomes a famine
For many months United Nations aid agencies have warned of an impending crisis in the Horn of Africa as drought, failed harvests and fighting in some areas led to increasing food insecurity. Now conditions are so grim that the UN has turned to a word it uses sparingly and specifically - famine.
How green is their growth

CAN poor countries afford to be green? That is a question which politicians in the developing world have often asked rather pointedly. To them, it seems that the...

India's older refineries to face survival test on diesel deregulation

NEW DELHI (Reuters) - Time is running out for India's aging state-run oil refineries as the new government of Prime Minister Narendra Modi looks set to free up diesel prices and open the gates to private

Kenya: Rural Kenyans Move for Opportunity, Cause Housing Shortage in Nairobi

In Kenya, towns and cities are growing fast. It's estimated at least 100,000 people move per year from their rural homes to the capital Nairobi in search of opportunities. The urban growth has led to a high housing demand with the Ministry of Housing estimating at least 200,000 new housing units are needed each year to meet the shortage.

Swaziland: Homes Destroyed for King's Vanity

Homes have been demolished against residents' wishes to make way for another of King Mswati III's 'vanity projects'.

Big problems for little countries

IN THE past five years growth in the rich world has been measly. From 1990 to 2007 high-income countries managed an inflation-adjusted per-capita GDP growth of about...

Microfinance in Africa: Effective enough? - The Market Mogul

Microfinance aims to strengthen income flow of the poor by providing financial funds to small businesses and budding entrepreneurs to start or

Evaluating Microfinance

Introduction





A small loan transforms a one-time street peddler into one with wholesale operations (AP Photo/Jose Silva Pinto)

A small loan from a microcredit bank in Luanda, Angola, enabled one-time street peddler Ana Helena Domingos to buy goods in bulk and launch a now-flourishing wholesale operation, doubling her income in 10 months. (AP Photo/Jose Silva Pinto)


Since the 1980s, millions of impoverished people around the world without access to banks have been able to take out tiny loans to start businesses. Nobel Prize-winning economist Muhammad Yunus, who established the first microfinance bank in Bangladesh and launched the modern microlending movement, claims microloans have lifted millions — especially women — out of poverty and spurred economic growth. But recent studies cast doubt on microcredit's effectiveness. Borrowers have been saddled with multiple loans at exorbitant interest rates, often having to borrow from loan sharks to make their microcredit payments. Economists fear overindebtedness could make borrowers even poorer and that a possible credit bubble could burst. Others worry that in recent years, for-profit investors have swarmed to the field, attracted by high returns on investment. Some governments have capped microlenders' interest rates, but the industry hopes to forestall regulation by adopting voluntary consumer protection measures.

South Africa: Why Lending Through Community-Based Organisations Makes Sense

Analysis - This is part of a series of articles The Conversation Africa is running on financial inclusion and micro credit and their role in economic development.

UN chief calls for lifting of blockade on Indo-Nepal border : Neighbours, News - India Today

Expressing concern over the obstruction of essential supplies to Nepal, UN chief Ban Ki-moon has called on all sides to lift the blockade at the Indo-Nepal border immediately.

UN chief calls for lifting of blockade on Indo-Nepal border : Neighbours, News - India Today

Expressing concern over the obstruction of essential supplies to Nepal, UN chief Ban Ki-moon has called on all sides to lift the blockade at the Indo-Nepal border immediately.

Corruption in Africa: 75 million people pay bribes - Transparency International

Transparency International is the global civil society organisation leading the fight against corruption.

Nestlé admits slavery in Thailand while fighting child labour lawsuit in Ivory Coast

The company has won plaudits for its admission of forced labour in the Thai seafood industry but much of the supply chain remains hidden