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China economy update - May 2024
The Chinese economy stands at an inflexion point. This is a summary of how the Chinese economy got here. The last phase in its investment-driven growth…
10 hrs ago
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China economy update - May 2024
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Thoughts on international development VI
I blogged here highlighting the obsession in international development circles with new ideas and innovations and neglect of regular development…
May 16
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Thoughts on international development VI
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Central government programs in federal systems
The FT has three long reads assessing the programs initiated in 2019 in the name of “levelling up” to reduce regional inequalities. It included four…
May 13
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Central government programs in federal systems
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Accountability deficit in the corporate services industry
In this post, I’ll argue that the global corporate services sectors like management and technical consulting, accounting and auditing, credit rating…
May 8
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Accountability deficit in the corporate services industry
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The case for industrial and trade policy
The case for free trade has been an article of faith in orthodox economics. It endures despite little evidence from the whole history of national…
May 6
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The case for industrial and trade policy
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The drivers of inflation in the US
One of the big macroeconomic debates after the pandemic has been on the trajectory of inflation. The team persistent, led by Larry Summers and Co…
May 2
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The drivers of inflation in the US
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April 2024
Corporate profits, subway tunnelling techniques, and affordable housing
This post will summarise three good reads on corporate profits, metro railway tunnelling techniques, and urban planning reforms for making housing…
Apr 30
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Corporate profits, subway tunnelling techniques, and affordable housing
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Thoughts on international development - V
I blogged here highlighting the obsession in international development circles with new ideas and innovations and neglect of regular development…
Apr 25
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Thoughts on international development - V
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The balance sheet of UK's water and sewage privatisation
It’s no hyperbole to argue that the UK water sector privatisation could be described as the Great British PPP Robbery. It may well become the canonical…
Apr 22
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The balance sheet of UK's water and sewage privatisation
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Ability to exercise good judgment is the binding constraint in development
The most important constraint in economic development is not capital, labour or other factors, but the “ability to make development decisions”. This is…
Apr 17
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Ability to exercise good judgment is the binding constraint in development
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Lessons from the Thames Water fiasco
In one more exhibit on the problems with the privatisation of utilities, early this month, Kemble Water Finance, part of the complex financial structure…
Apr 15
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Lessons from the Thames Water fiasco
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Inflation in the US - a shift to normalcy?
The US consumer price inflation for March came up at 3.5% year-on-year up from February and slightly higher than the forecast of 3.4%. On the same lines…
Apr 11
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Inflation in the US - a shift to normalcy?
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