What is not measured cannot be managed and what is measured determines where attention and resources are focused by Government and the whole country. Therefore, it is important to have good performance indicators and that those chosen respond to a clear national development purpose and… Leer más ›
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Development must be inclusive and led by strong institutions
Development of a country is a process, not just an end. To be successful this process must involve economic as well as political, social and environmental dimensions, combining State, market and society. In this respect Professor José Antonio Ocampo (2012)… Leer más ›
The state of Colombian children compared to other countries
This post has the objective of developing an international comparative descriptive review of the situation of children in Colombia, based on international development data from the United Nations System, particularly from UNICEF and DevInfo. To answer the title’s question, I… Leer más ›
A critical analysis of evidence on the effects of microcredits on household material well-being
The following post aims at conducting a synthesis and critical assessment of evidence on the impact of microfinance programs on poverty reduction. Specifically, it will assess the effects of access to microfinance products on the material wellbeing of poor rural and… Leer más ›
Are recent performance and trends of New York State’s finances sustainable?
Are recent performance and trends of New York State’s finances sustainable? The following post will argue that New York’s finances are in a non-sustainable path, facing major projected budget deficits that require fiscal reform. To answer this question, we’ll go… Leer más ›
Could fiscal rules and performance budgeting have avoided some recent government budgeting disasters?
“The budget should be balanced, the treasury should be refilled, public debt should be reduced (…) lest Rome become bankrupt.” Marcus Tullius Cicero (64 B.C.)[1] Could fiscal rules and performance budgeting have avoided some of the recent government budgeting disasters?… Leer más ›
A new industrial policy for economic development
Industrial policy (IP) is government’s support to specific economic sectors and regions. There is plenty of evidence demonstrating that IP has played an essential role in economic development of current high-income countries, successful catch-up countries such as the “Asian Tigers”, and thriving developing… Leer más ›
Towards a more stable global reserve system
Paper co-authored by Christopher Reim (US), Mariam El Hamiani Khabat (Morocco), Vladimir Olarte Cadavid (Colombia), Deepika Sharma (India), and Bill Papadakis (Greece) from Columbia University for the symposium ‘New World, New Capitalism’ hosted by the French Ministry of Economy, Industry… Leer más ›
The limitations of capital market liberalization in developing countries
Capital market liberalization, the international free flow of money and investments, was the most debated policy issue of the 1990s (Stiglitz, 2007) and became an important feature of contemporary globalization. However, this liberalization has also been a catalyst, an intensifier,… Leer más ›