The big news out of the U.S. midterm elections is the Republican victory and control of the House of Representatives. Thirty nine of the sixty new House Republicans align themselves with the Tea Party. One of the few things the pundits agree on is that there is no clear Tea Party foreign policy agenda, much less a unified view about whether and how to engage developing countries.
CGD Policy Blogs
A few weeks ago, I was sitting on a panel for a conference on Information and Communications Technology and Development. The debate on my panel was a lively one, and came down to one issue: Can information technology (by itself) lead to development? Obviously there has been a lot of buzz about this topic -- Jeffrey Sachs has called the mobile phone the “single most transformative technology” for de
Following my recent post on the G-20 development agenda and the upcoming Seoul Summit, several readers wrote asking if I had a list of the members of the Development Working Group. I starting asking around and was pleased to be able to obtain one. Of course, it would have been more useful if it had been released sooner, along with contact information for the members.
Score one for climate sanity: Yesterday California’s voters overwhelmingly rejected Prop 23, a measure designed to undermine the state’s ambitious clean energy program. They also elected a governor who has pledged to accelerate the state’s green transition. This news resonates far beyond California, as the US green mantle shifts from a gridlocked federal government to the states that have supported clean energy all along.
The blame for this unfortunate situation falls most squarely on the MFIs [microfinance institutions] that failed to restrain aggressive growth even as the market became increasingly saturated. Investors must also swallow a big spoonful of blame. Because they paid dearly for shares in the MFIs, they need fast growth to make their investments pay off.