Economics

We would get three or four times as much bang for our buck - in terms of climate change benefits - from population policies and girls' education as we would from the most cost-effective investments in forest management, and in addition we'd get the broader economic and social benefits for the people of developing countries.

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On World Food Day let us remember Sen's insight that hunger is not a problem of food production but of poverty. The fact that most poor people work in agriculture suggests that a good way to escape poverty is to get out of agriculture.  So the best way to reduce hunger and help people out of poverty may be to focus not on improving agriculture, but rather on helping people who want to leave agriculture into more rewarding work.

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An interesting Economist article about the uses of prizes to promote innovation is a missed opportunity to explain the economic logic of prizes for innovations for developing countries. The reported comments by Tachi Yamada at the Gates Foundation about the value of market success do not seem to take account of the shortcomings of the system of patents and markets when it comes to developing drugs for diseases that mainly affect developing countries, nor to the problem of ensuring access in developing countries for new drugs.

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Esther Duflo explains in a TED talk how we can bring aid evaluation from the “middle ages” to the 21st century.

It is extraordinary how much resistance there is within development agencies to rigorous evaluation of development interventions.

The development policy debate focuses too much on aid. Aid policies may help to improve the living conditions of people in developing countries, but it is development policies that will result in lasting transformation. If we are serious about promoting long-term change, we should talk less about aid, and more about the other rich-world policies and behaviours that affect developing countries. Continue reading
About Owen

Owen Barder is the Europe Director at the Center for Global Development. He writes here about development, economics, politics, computers, running, and anything else that interests him. He also hosts Development Drums.


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