New Technologies, Global Value Chains, and the Developing Economies – Dani Rodrik | Pathways for Prosperity https://ift.tt/2AdQrGV Technology and access to global value chains are seen as two key levers for development for many of the world’s poorest countries. Many developing countries, inspired by the Asian Tigers and looking at the transformative impact of mobile technology in the financial inclusion space are looking to craft policies and invest in development strategies that better connect them to the global economy. This paper suggests that the evidence of global value chains and their impact on development is mixed at best, and that […]
I thought I’d have a separate “Best Of the Web” devoted to economics and finance. Below I’ve found 30 articles and academic papers on macro and finance. Some are easy reads and others are denser, but I’ve summarised each one. Oh, if you come across anything interesting that I’ve missed, then flag it to me and I’ll include it in my next list. Enjoy! North and South Korea at night , 1992 vs 2008
Decoding Currency Crises https://ift.tt/2C8A2GZ Brazil invests little and is running a fiscal deficit of 9% of GDP, whereas Argentina invests a lot and is gradually consolidating its public finances. So why is Argentina the one that’s in trouble with the currency markets? SANTIAGO – Imagine two countries. Country A has a fiscal deficit of slightly over 5% of GDP, while country B shows a gaping hole of nearly 9%. Moreover, until recently A’s public debt barely exceeded 50% of GDP, while B’s public debt has been shooting up and will soon reach 90% of domestic output. Spencer Platt/Getty Images Aug […]
In the chart to the right, denoting prices over the past six years, we see a big increase in price of Pounds measured in RAND, indicating an increase in the demand for Pounds (people who want to sell RAND and buy Pounds). It fell, but it is going up again. Source: Are weaker property rights behind the fall of the RAND?