An old wooden chest on a beach

Financing for development – where the treasure is buried

We won’t get development from global and domestic “tax and spend” alone. We should be focusing more on the huge untapped wealth locked up by policies and behaviour which distort the global economy, creating massive economic, environmental, and welfare losses for most of the world’s population. Read the full post »
The Ajaokuta steel factory in 1994

How should donors work with the private sector?

We are enthusiastic about the growing interest in supporting private investment in developing countries, but it matters a lot how this is done. The tools that donor countries usually use to “crowd in” the private sector — guarantees and cheap loans — distort firms’ incentives by reducing their risks or increasing their rewards irrespective of how well they do. Donors should not pick winners. Read the full post »
Ants forming a bridge across a gap

Can aid agencies help systems fix themselves?

If economic development is a property of a complex adaptive system then what, if anything, can development agencies and NGOs do to accelerate it? Read the full post »
A crystal ball, with a line graph in it.

The development agency of the future

The International Development Committee of the British House of Commons has asked: Does a stand-alone Department for International Development have a long-term future? In a memorandum submitted to the Committee in evidence, Alex Evans and I argue that it should. Read the full post »
The Port of Gabreville, Gabon

Why “beyond aid” matters

In evidence for the House of Commons International Development Committee, we argue that "beyond aid" policies are likely to have a bigger impact than aid alone, address the underlying causes of poverty rather than the symptoms, and benefit rather than cost the UK. Read the full post »
A graphic showing a rising arrow, with a person-shaped figure hanging off it

Evidence and scaling up

I spoke at a dinner of the Board of the Childrens' Investment Fund Foundation on Friday. I touched on the role of evidence in scaling up, and the role of foundations such as CIFF. Here are my remarks. Read the full post »