That’s right. Ghana announced today that its GDP isn’t actually $15.7 billion, but rather $25.6 billion. This sudden 63% jump occurred not because of a sudden oil find (the oil doesn’t arrive until next month), but rather because of a technical rebasing of the way GDP is calculated. Turns out that services like telecoms are a lot bigger than everyone believed yesterday. Here are a few of my quick reactions:
CGD Policy Blogs
Trade at the Seoul Summit: Will the G-20 Finally Move Forward on Improving Access for Poor Countries?
There actually seems to be hope that next week’s G20 summit will move beyond the tired mantra to finish the Doha Round and give a push to the Millennium Declaration commitment to provide duty-free, quota-free market access for the world’s poorest countries. This is an opportunity to contribute to job creation and growth when the global economy is still fragile. Furthermore, it would have minimal impact on importing countries since the least-developed countries account for around 1 percent of global trade.
The Tea Party movement in the United States had a big impact on this year’s mid-term election. The energy it channeled can be seen as a pendulum shift from the progressive winds that were blowing in 2008. So what comes next?
This is a joint post with Owen McCarthy.
At the next meeting of its Executive Board in Rome on November 8, the management of the World Food Programme (WFP) will propose an expanded financing facility to the tune of $557 million to fund advance purchases of food. This is a welcome news that has the potential to cut hunger, by stretching WFP dollars and speeding deliveries.
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.
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.