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China’s Trapped Transition

I had an opportunity to attend a presentation by Minxin Pei on his new book China's Trapped Transition: The Limits of Developmental Autocracy. Minxin Pei refutes three popular "myths" associated with China's current economic and political situation: economic growth inevitably leads to political l...

New Blog from the World Bank

PSD Blog is no longer the only World Bank blog enlightening us on issues of economic growth and democratic development.  Welcome Poverty and Growth Blog!

Price Controls Revisited

The Russian government, concerned with high inflation which it partly links to the rising prices of goods and services provided by Russia's natural resource companies, is calling on the Russian oil companies to "take measures" to prevent price increases this spring. Russian Prime Minister Mikhail Fr...

Democracy at Work?

What do you do if neither the Constitution nor the ballot box can resolve a dispute?  Citizens in Thailand have decided to turn to the king and ask him for help.  And such sentiments are not limited to Thailand: Observers say monarchs in Asia's emerging democracies have provided a check against ...

The Costs of Incomplete Privatizations

Across Latin America, a growing number of people say the privatization of public services, a movement that swept the region in the 1980s and 1990s, has failed. Protests have erupted over the issue in several countries, and some governments are beginning to reverse these policies. Last week Argentina...

Responding to Skeptics

Noam Chomsky responds to a question about feasibility of Latin American countries developing an alternative to the Washington Consensus and provides his view of globalization. The term "globalization," like most terms of public discourse, has two meanings: its literal meaning, and a technical sense ...

Revolution Interrupted?

On Sunday, the "last dictator" in Europe was reelected with an astounding 83% of the vote.  It came as no surprise to anyone that Alyaksandr Lukashenka won, or that he won by such a majority.  Of course, the election was fraudulent, the opposition leaders were harassed and jailed, and pre-election...

Post-Conflict Reconstruction and Forgiveness

Do post-conflict countries which concentrate on retribution and vengeance have worse growth prospects than post-conflict countries which concentrate on forgiveness and acceptance?  “Yes!” according to Pete Boettke and Chris Coyne of George Mason University, who build the argument in t...

A Social Protection Plan for Latin America?

The United Nations Economic Commission for Latin America and the Caribbean (CEPAL) announced yesterday in a press release that a Social Protection Plan will be unveiled on March 22, 2006 during the 31st meeting of the Commission in Montevideo, Uruguay. According to CEPAL, only four out of every ten ...

Two Ways of Dealing With Free Trade

Indigenous groups in Ecuador are standing firm against the proposed free trade agreement with the United States.  Indians in Ecuador fear that the free trade agreement, when signed, will threaten their culture and wipe out their agricultural industry.  Reports Reuters: Indian protesters are dema...
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