Subramanian and Kapur’s “The absent voices of development economics” tells it like it is: researchers from developing and emerging economies are mostly absent from research on developing and emerging economies. They are not editors of the Journal of Development Economics. They are rarely (7% in 30 years) authors at the Annual Bank Conference on Development Economics. And the growing use of randomized controlled trials in development economics further accentuate the divide. Is there really nothing to learn from academics of highly successful economies such as Botswana or Vietnam?
Tariq Fancy’s “BlackRock hired me to make sustainable investing mainstream. Now I realize it’s a deadly distraction from the climate-change threat” was picked up by The Guardian, The Independent, triggered many online conversations and was sent to me by several people asking what I thought. I am no BlackRock supporter nor sustainable investing evangelist, but I fail to see what this testimony adds to the conversation. We already know that greenwashing is real, and that government intervention is needed for systemic change. So now what? We vote, call our parliamentary representative and wait? I believe that some of us can do more, including through business, the market, or anything else we can think of. I am typically skeptical about public bashing by former employees who do not move to the solution space they advocate for after leaving. As for former employees changing their mind and writing about it recently, I paid more attention to Claudia Kemfert’s Nature commentary about the need to cut carbon emissions to zero in absolute terms rather than to net zero.
Intersectionality in on all lips. This graph from the Canadian Council for Refugees was shared in a conference last week. I found it useful to turn words into ideas and hopefully into actions.
My quote is from IMF Head Kristalina Georgieva’s “Giving people a fair shot” – her curtain raiser to the 2021 World Bank/IMF Spring Meetings starting today [27’10”]: “If there is one thing that I take from this crisis as the most impressive positive lesson, it is the synchronized action by central banks and finance authorities globally. […] It has been the most powerful force to put a floor under the world economy and I am a very strong believer it will continue to be a force for good as we move on the other side of this crisis”.