The contagion of the global credit crisis from the industrialised countries to the emerging markets has taken some time to develop. Then, in October 2008, it spread rapidly, afflicting all emerging markets, without any distinction or regard to their so-called “fundamentals”. For believers in...

A coherent institutional framework that supports investment, exchange and representation mechanisms is a key precondition for agricultural development. The importance of customs and traditions for the process of agrarian transformation has been overlooked. Changes in formal institutions must be...

The effects of migration on development depends on who leaves, where they go, and how home countries adjust to their leaving. Migration and development policies are comlements, not substitutes. Smart visa policies, coupled with capacity building at home can maximise the positive impact of migration

Against a backdrop of sustained global growth and high commodity prices, Africa has experienced its best economic performance in many years. While recent economic performance is not merely driven by favourable external factors, African economies still lack proper “shock-absorbers” to...

Private business activity, by creating and using “ideas”, drives economic growth in both rich and poor countries. Creating an enabling business environment is necessary but not sufficient for fostering the private sector in poor countries. Open dialogue, transparency, accountability and...

Different cultures entail both a great diversity of household structures and different saving patterns. The diversity of family relations and saving patterns creates different incentives for physical and human capital accumulation. Policies can alter saving incentives and create the conditions...

Private equity is the African investment story to watch. African countries have made serious efforts to attract foreign investment. Global downturn may yet put successes at risk.

Growing trade with China and India offers new export opportunities for Latin America. Latin American countries need to invest in infrastructure and innovation. * This Policy Insights is based on the Latin American Economic Outlook 2008.

Higher food prices are likely to stay; emergency aid can only be a short-term solution. Making African agriculture a profitable business could turn a food-price curse into a blessing. African governments and donors should promote the commercialisation of food crops.

The total amount of debt relief accorded to African countries in the framework of the Multilateral Debt Relief Initiative is expected to reach $43 billion concerning 33 countries. The 15 African countries presently qualified for this Initiative will benefit from restored creditworthiness....