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Components of Progress

In this op-ed, Marifeli Perez-Stable of the Inter-American Dialogue links markets, democracies, and progress in a very simple equation - "Democracy+Market Economy=Progress."  Despite strong anti-market sentiments in countries like Bolivia and Venezuela, it seems that many other countries in the re...

Economic Implications of Palestinian Elections

Palestinian elections have been making the headlines for the past few days – with most stories focusing on the political consequences of the results.  Not too many people at this point, however, are talking about the economic implications of this week’s elections – yet the econom...

Free-Market NGOs

I got this one from the Globalisation Institute's blog: Hilary Benn, the UK's International Development Secretary, used a speech yesterday evening to attack the anti-capitalism embedded in some of the left-wing NGOs. He said: The Make Poverty History and other campaigns last year focused on more an...

Can We Afford to Stop Funding Reconstruction in Iraq?

Plenty has been said recently about the likelihood of the U.S. not providing further funding for reconstruction in Iraq.  Los Angeles Times and the Washington Post articles offer insights into the rationale involved in doing so.  Most of the arguments used to justify this position emphasize the...

Opening Up The Economy…In India

India continues to take the necessary step to integrate into the global economy.  The latest move is liberalization of the retail market to allow foreign investors to open their own retail outlets.  Although not all restrictions are being lifted at this point and some pre-conditions remain in plac...

Illusion of Price Controls

There is a nice article in the China Daily on government's efforts to establish price controls to keep natural gas prices in check. The problem - rising prices of liquefied natural gas.  The solution - introduce the legislation strengthening price controls.  The result - ...government efforts h...

Ineffective Public Projects

This week Sudan is hosting the African Union Summit. The African Union is a regional effort to bring together the resources of African nations to combat poverty and help African economies join the global economy.  It looks like Sudan has been preparing for the summit, clearing the streets of the i...

Grant-Eating Organizations (Part 2 of 2)

(the first part can be found here)  The lesson for international donors is not that they should disappear, but that they should present partnership opportunities only when they are certain that local demand is driving an initiative. A lesson can be drawn from social research, such that a researcher...

Grant-Eating Organizations (Part 1 of 2)

In a recent Washington Post article titled, "Reforming Foreign Assistance" it was stated that, "reliance on U.S. organizations undermined poor countries' sense of ownership of their development programs, damaging the long-term struggle to foster self-sufficiency." The same point can be made on the m...

The Sins of Wages

Alex beat me to the punch slightly with his post earlier today, but here’s more interesting information on China.    As Alex indicates in his post, productivity in China is growing by leaps and bounds.  However, the economy also has many problems, exacerbated by the Chinese government̵...
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