Michael Hallsworth recently visited the Hertie School to talk about the work of the Behavioural Insights Team in London – one of the few organizations worldwide that apply behavioural science research to policy-making. One of… [Read more]
Economics & Trade
A global approach on up-to-date topics in the areas of trade, economic policy, development economics, and finance.
The European Banking Union: How the EU is Missing an Opportunity to Highlight the Benefits of Further Integration
Even in its incomplete stage of implementation, the European Banking Union is an example of the benefits that can ultimately be achieved when national governments transfer part of their authority to the European level. It… [Read more]
Two Birds with One Stone: Save the Euro, Solve the Migrant Crisis?
You would be forgiven for missing the potential solution to the two largest crises facing modern Europe. Although well-received by the European Commission, it passed almost immediately into public obscurity, hidden away in a four-page… [Read more]
State of Development Policy Today: An Interview with Nancy Birdsall
As part of her visit to the School to deliver the Kapuscinski Development Lecture, Dr. Nancy Birdsall met with the Governance Post. Our Editor for the Economics and Finance section, Kevin Tharayil, asked her a… [Read more]
The Strugglers in Developing Countries: Reconciling Expectations and Aspirations
Millions of people in the developing world have left poverty and joined what could be called the middle class. But the majority of households in the world are still vulnerable to falling back into poverty.… [Read more]
Why Good Policy-Making Matters: The Accession Case of Colombia to the OECD
The accession process to the OECD is already changing Colombian policymaking processes. Indeed, this was the main aim of President of Colombia Mr. Juan Manuel Santos when, in January 2011, he informed the OECD… [Read more]
The Role of Mutual Recognition Agreements as Trade Facilitators for Developing Countries
Trade liberalisation has been a policy adopted by many developing countries since the 1990s. No country in recent decades has achieved economic success in terms of substantial increases to standards of living without being open… [Read more]
What is Wrong with Economics?
Along with the world economy, the Great Recession has shaken the ivory tower of the global intelligentsia and inflicted a serious blow to the reputation of an entire discipline: economics. In the aftermath of the crisis,… [Read more]
Pakistan: Why ‘Failed’ Infrastructure Projects Can be Successful
In 2013, Punjab Chief Minister Shahbaz Sharif unveiled the first of several Metrobus lines in the nation’s second largest city Lahore. Eponymously named the “Lahore Metrobus” the provincial government hailed the project as a vital… [Read more]
Change of Roles: The Weakness of the Developing World
World markets are going through a period of uncertainty. The struggle of the financial market in China is harming the expectation of growth in developing economies. Subsequently, the risk aversion of investors has risen, and… [Read more]