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  • Blog post

    Forced devaluation of rupee: a recipe for disaster

    There is broad agreement that the rupee is overvalued, with estimates of overvaluation ranging from 20-40 per cent. There are, however, two opposing views on how to deal with the problem: One, devaluation and two, administrative measures, i.e., export subsidies and regulatory duties on imports. The argument of the anti-devaluation group is that devaluation has never...

    10 Nov 2017 | Naved Hamid, Azka Sarosh Mir

  • Blog post

    Transport and job accessibility: Towards a competitive and inclusive Accra

    A working age individual can only reach up to 32% of formal jobs by tro-tro within 60 minutes. Poor connectivity harms labour and firm outcomes. There is a need for investment in public transit, land-use reforms and low-income urban housing policies. Cities in sub-Saharan Africa (SSA) are urbanising at an unprecedented pace. As a result, they have often expanded...

    6 Nov 2017 | Nathalie Picarelli , Pascal Jaupart, Ying Chen

  • Blog post

    Mobile money: Leaving no one behind in the digital age

    Kenya and Tanzania provide evidence on how technology holds promise for an inclusive, empowered and poverty-free future. Government support and improved financial literacy are found to be key drivers of financial inclusion in the developing world. Mobile money, one of the most popular innovations for development, is considered by many as a promising tool to open the door...

    3 Nov 2017 | Laura Sili

  • Blog post

    Mobile money: Progress thus far, miles to go

    2017 marks ten years since the launch of M-PESA in Kenya, undoubtedly the most successful mobile money product to date. Over the last decade, there have been many developments in the sector, and mobile money has emerged as a predominantly African innovation. A recent conference on Mobile Money and Financial Development, organised by the LSE’s Department of Management and...

    30 Oct 2017 | Sarah Logan

  • Blog post

    The Fragility Commission’s final evidence session: The power of resilience

    Countries facing fragility and conflict lack resilience to shocks, which feed off each other in a negative cycle. Identifying policies to build resilience, and recover and learn from shocks, can prevent future crises stemming from instability. In its fifth and final evidence session, held at the London School of Economics (LSE) on 28 September, the LSE-Oxford Commission...

    26 Oct 2017 | Emilie Yam

  • Blog post

    Risky business: Takeaways from the Fragility Commission’s 4th evidence session

    In fragile environments, experts agree that strengthening the private sector is the key to economic and social progress. However, this is undermined by limited risk appetite and weak state capacity when investing and operating in fragile environments. LSE-Oxford Commission on State Fragility, Growth and Development In its fourth evidence session, held at the the London...

    24 Oct 2017 | Emilie Yam

  • Blog post

    The macroeconomic benefits of increasing tax enforcement in Pakistan

    In Pakistan, increased tax enforcement may be a more effective way to raise revenues than increased tax rates, given the large share of informal employment. This could in turn increase GDP due to increased government investment capacity. Goods and taxes Like most developing countries, Pakistan has a comprehensive set of statutory taxes that firms are required to pay on a...

    20 Oct 2017 | David Lagakos, Ethan Ilzetzki

  • Blog post

    Attracting quality foreign direct investment in developing countries

    Foreign direct investment (FDI) in developing countries has a bad reputation. In some discussions, it is presented as tantamount to postcolonial exploitation of raw materials and cheap labour. However, recent data shows that FDI in developing countries increasingly flows to medium and high-skilled manufacturing sectors, involving elevated income levels (Figure 1). What’s...

    19 Oct 2017 | Theodore Moran, Holger Görg, Adnan Seric, Christiane Krieger-Boden

  • Blog post

    The need to prioritise export linkages in Uganda’s new growth strategy

    Establishing a unit that focuses on tackling information constraints between firms, as well as a supplier database registry of domestic firms, can support export linkages in Uganda. Linking domestic tax data to such a firm registry would further enhance access to information, thereby improving export linkages and domestic firm competitiveness, in the pursuit of economic...

    11 Oct 2017 | John Spray

  • Blog post

    Lessons in the pursuit of industrial development by African governments

    Industrial policy appears to be making a comeback in Africa. The African Development Bank (AFDB) reports that about 26 countries on the continent currently have a national strategy for industrialisation. This should not be too surprising. The end of the commodity super cycle (the rise and fall of commodity prices over the past two decades), the slowdown in the continent’s...

    10 Oct 2017 | Nwamaka Ogbonna