The former chief economist of the International Monetary Fund offers a sweeping and articulate indictment of the US financial system. Simon Johnson argues that blaming favorite policies of the right or left misses the larger point: that the financial sector grew so large that oligarchs dictated policy to government, most of which passed without a…
Update: Applications are now closed. Finalists will be announced April 13. If you want to win the US$1000 prize for the Global Integrity Impact Challenge, there is one week remaining. Read the rules and apply here now. The deadline is April 5th, 2009. We’ve seen some solid project ideas come in so far, but I…
William Easterly and Laura Freschi, writing for AidWatch, kick the aid anthill by claiming European aid agencies (particularly the UK’s DfID) are supporting autocratic governments instead of people by pumping money directly into national budgets, rather than development programs. A flurry of blog posts follow; we’re wading in. Easterly and Freschi’s argument is essentially this:…
— Image: Meghann Sheridan (CC by/nc)
Afghan President Hamid Karzai provided a public asset disclosure and suggested that all government officials do the same. But Karzai also had harsh words for critics calling for better anti-corruption in Afghanistan. “Foreigners have defamed Afghanistan so badly in terms of corruption. But it’s not as serious as they think,” he said. Reuters has Karzai’s…
Governance uber-wonk Daniel Kaufmann cuts a path through the development aid establishment, commenting on the financial crisis, the 2005 Paris Declaration, China as aid donor, mobile phones in governance, South-to-North knowledge transfer… he covers a lot of ground. But the core message is always the need for innovation. “The official aid industry was already behind…