Can political stability hurt economic growth? The standard definition of political instability is the propensity of a government collapse either because of conflicts or rampant competition between various political parties. Also, the occurrence of a government change increases the likelihood of subsequent changes. Political instability tends to be persistent.   Economic growth and political stability are deeply interconnected. On the one hand, the uncertainty associated ...

Maafushi Island Shows the Way for Inclusive Wealth Creation through Tourism The success story of Maafushi, an island in the Kaafu Atoll in the Maldives, dates back to 2009 when the government liberalized its policy on local tourism. A visionary entrepreneur, Ahmed Naseer, lost no time in starting a four roomed guest house in 2010, to kick start the concept of local tourism in his home island Maafushi. And the ...

Image: Author's Illustration Freakonomics Radio recently aired a podcast entitled “If Mayors Ruled the World”, based on Benjamin Barber’s new book of the same title, which contends that cities are a good template for governments to rule by, largely due to their mayors who are often uniquely positioned and focused on solving actual city problems. So much so, that ...

Research to Turn Fallow Land into Rice Farms in Bangladesh Fallow lands in the coastal areas during the dry season Such large areas of fertile lands are left fallow in spite of ample water available right there in the channels near the farms,” exclaimed Prof. M. Abdul Halim Khan in disbelief during our journey in mid-April to Patuakhali and Barguna. We were taking a trip to his agricultural research ...

Digital Libraries for the Poor Facilitating Bottom-Up Innovation through Video-based Learning Platform Local villagers being trained to shoot videos American Idol, a television show in the United States, has inspired thousands of people to make videos for stardom in music, dance, cooking and more. Can this phenomenon be applied in development? Digital Green, a non-profit, is doing exactly that by using a similar approach ...

Are Consumer Rights Well Protected in Pakistan's Financial Sector? Last month, the World Bank released Pakistan’s first ever Consumer Protection and Financial Literacy (CPFL) Diagnostic Review along with convening a workshop where 200 financial sector professionals discussed the recommendations, a first such deliberation on consumer protection and financial literacy in the country. The assessment compares Pakistan’s performance standards, covering four segments of the financial sector - banking, microfinance, ...

Putting more women to work in South Asia Sewing Floor, Armana Apparels, Dhaka. Photo: Shobha Shetty Contradictory trends in female labor force participation in South Asia continue to pose a puzzle for policymakers. On the one hand, Bangladesh’s ready-made garment industry, one of the mainstays of the national economy, has a high female labor participation rate of 85%. On the other hand, the female labor force participation ...

The perils of competition Promoting competition is considered the best available option for increasing economic well-being. The recent global financial crisis prompted policymakers to reconsider basic assumptions, but the virtues of competition were not among them. However, gone are the days when practitioners slept sound thinking the economy, if left alone, is self-correcting. The limitations of competition as a force for universal good ...

The politics of rural electrification in Sri Lanka The 10th South Asian Economics Students Meet (SAESM) was held in Lahore, Pakistan, bringing together 82 top economics undergraduate students from the region. The theme was the Political Economy of South Asia, with a winning paper selected for each of the six sub-themes. In this post, Thilani Navaratne presents her winning paper on the political economy of energy and natural resource use. ...

When Climate Becomes a Health Issue: How Vulnerable is Bangladesh? Photo by Mahfuzul Hasan Bhuiyan Life for people living in the Jalekhali village of the Sathkira District in Bangladesh has not been the same since Cyclone Aila made landfull in 2009. In this coastal village, not only did people suffer in the aftermath of the cyclone, but health effects still linger from salinity intrusion into their ponds and other bodies ...

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