Archive for April, 2011

In Defense of Political Economy: new ideas on development from the World Bank

By , 30 April, 2011, No Comment

A new blog post at Foreign Exchange, finally. This one’s on a new report from the World Bank that makes some strong points about the relationship between conflict, security and economic development:

The central argument of the report is that economic development is imperiled, or even undermined, by political instability and conflict. That’s not a new line, but historically, it’s a line that has been deployed by critics of foreign aid or development spending: given that poor countries are also warring states or corrupt states where aid dollars often fail, the critics say, aid dollars are wasteful at best, and detrimental at worst.The answer, historically, has come from organizations devoted to solving conflicts or protecting the rule of law as ends in themselves, who often try to remind donors of the economic dividends of their work.  Development institutions meanwhile have defended their work by the argument that economic investments can solve political problems and therefore that the politics need not be tackled, or even engaged with, first. [That’s why, for example, the central development document of the last decade, the Millennium Development Goals, doesn't include benchmarks for democracy and good governance.]

The new answer is that aid dollars should be spent directly on solving these ‘political’ problems, that in fact there are no problems in the developing world today with purely economic or political character, that this is a chicken-or-egg debate in which neither factor actually comes first.

This has much to do with the changing nature of conflict.

Read the rest here.

We’ve Launched, Part 2

By , 25 April, 2011, No Comment

Public Business is now launched in London as well as New York. More video goodies, thanks to Flashboy:

Public Business Launch, London, Part 1 from Maha Atal on Vimeo.

Public Business Launch, London, Part 2 from Maha Atal on Vimeo.

We’ve Launched

By , 17 April, 2011, No Comment

Wednesday night was the launch of the nonprofit I’ve mentioned before, Public Business. There were some short planned speeches from myself and our board co-chair Anya Schiffrin, but the highlight for me was the discussion that followed, in which audience members got up, open mic style, and riffed on the idea of public interest business reporting. I was gratified, stimulated and moved and would like to see that style of free discussion as a regular feature of our events. Check it out yourself. H/t Mike for the video.

Public Business Launch Event, New York from Maha Atal on Vimeo.