The notion of "convergence" of economic variables across countries is a useful concept and in the case of income per capita, a well studied area. If there is empirical evidence of convergence of some economic variables across countries, then our ability to prdict the future (or at least...

This paper investigates the influence of liquidity in the major developed and major developing economies on commodity prices. Liquidity is taken to be M2. A novel finding is that unanticipated increases in the BRIC countries’ liquidity is associated with significant and persistent increases in...

The prediction of future temperature increases depends critically on the projections of future greenhouse gas emissions. Yet there is a vigorous debate about how these projections should be undertaken and how reasonable is the approach of the Special Report on Emissions Scenarios (SRES)...

This paper examines the export experience of East Asian economies in the aftermaths of the global financial crisis against the backdrop of pre-crisis trade patterns. The analysis is motivated by the ‘decoupling’ thesis, the notion that the East Asian region has become a self-contained...

Steve Pollard, known in the Pacific as a government employee, researcher, consultant, and donor staffer, recently retired from the ADB. He has almost 30 years' experience working toward the interests of better policy for better livelihoods in the Pacific, almost 40 years' experience in...

This paper considers the idea of informality in market exchange, as introduced into the economic development literature by Keith Hart in the 1970s. In addition to Hart (1971, 1973) it will discuss three writers who may be considered his intellectual forerunners. Each, to a greater or less...

Fiji is in the midst of a consultation process for a new Constitution on which General Elections are scheduled to be held in 2014. The new Constitution is going to be the fourth one for Fiji. During the first decade of independence, FijiÕs economy grew at a rate of more than 5% per annum....

This is an edited transcript of the lecture given by The Honorable Emilia Pires, Timor-Leste Finance Minister and g7+ Chair, for the inaugural Harold Mitchell Development Policy Lecture at the Australian National University on 22 November 2012. In her lecture and subsequent Q&A, Ms Pires...

Business is increasingly seen by international aid agencies as a partner in development. Recommendation 21 of the recent Independent Review of Aid Effectiveness for the Australian Government reflects this: ‘The power of business should be harnessed and business innovation should be encouraged,...

Fragile states are those characterised by problems of weak governance or of conflict, internal or cross border. They are also described, less crisply but more carefully, as countries in fragile and conflict affected situations – hence the acronym used in this paper, FCA countries. For about a...