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.

Beth Barnes talking at TEDx Exeter

Effective Altruism

Here is Beth Barnes of Exeter College on the difference that effective altruism could make:

Road signs for Downing Street and Whitehall at the gates of Downing Street

Joined up government

The Secretary of State for International Development is missing from a number of key Cabinet Committees and task forces on which a development perspective would be useful.

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.