Written by Ryan McGuine // The global economy has faced a series of dramatic shocks related to the COVID-19 outbreak. While high-income countries have thrown money at their health systems and economies to dampen the hardship, many other countries lack the resources to do so. Emerging markets — a loose term that includes countries like … Continue reading Troubled Waters for Emerging Markets
Tag: economic growth
Long Story Short: Poverty, Development & Coronavirus
Written by Ryan McGuine // Poverty and development are intimately related, and COVID-19 provides an example of that connection as it continues to spread worldwide, including to ill-prepared regions like South America and Africa. Combating poverty typically involves short-term, programmatic interventions, while promoting development usually consists of long-term, macro policies. These were long considered two … Continue reading Long Story Short: Poverty, Development & Coronavirus
Power, Representation & Development
Written by Anna Wangen // Who writes the story of what "development" is? In a sphere that includes everything from high-level international governing bodies to the smallest local NGOs, as well as academics, humanitarian organizations, aid workers and more, the sheer diversity of actors and institutions renders conflicting ideologies, goals, and interests in "doing development" … Continue reading Power, Representation & Development
Technology Dynamics and Growth
Written by Ryan McGuine // According to the Solow Model, productivity growth is the key to long-term, sustained economic growth. In practice, this is quantified by a blunt measure of economic efficiency called total factor productivity (TFP). Referred to as a "measure of our ignorance" by Robert Solow himself, TFP is calculated by summing up … Continue reading Technology Dynamics and Growth
How We Use Energy in 2018
Written by Ryan McGuine // In June, oil supermajor British Petroleum (BP) released its 2018 Statistical Review of World Energy, a summary of the trends observed in the energy industry during the prior year and the economic factors driving those trends. BP's Statistical Review is published annually and is considered a benchmark for the energy … Continue reading How We Use Energy in 2018
The Sustainable Development Goals
Written by Ryan McGuine // In the year 2000, the United Nations (UN) adopted the United Nations Millennium Declaration, a document that established the Millennium Development Goals (MDGs) — eight goals related to economic development with a target completion date of 2015. Those targets were: To eradicate extreme poverty and hunger To achieve universal primary education To promote gender equality and … Continue reading The Sustainable Development Goals
The Energy-Development Nexus
Written by Ryan McGuine // Energy and economic development significantly affect one another. Exactly how they do so, though, is far from straightforward and depends on a dizzying web of interrelated complex systems. As such, this post will not provide the reader with a definitive relationship between the two, but rather will provide an overview … Continue reading The Energy-Development Nexus
The Causes of the Wealth of Nations
Written by Ryan McGuine // Sustained, long-term output per capita growth, often referred to simply as "economic growth" is the ultimate goal of most economic policy interventions, and there are a number of models — mathematic representations of the economy — designed to explain how adjusting certain variables affects output per capita. The Solow Model is one … Continue reading The Causes of the Wealth of Nations
