Recent economic thinking on economic growth and development

Joe Stiglitz, Globalization and its Discontents:
home page: http://www.gsb.columbia.edu/faculty/jstiglitz/index.cfm
Review of   Joe StiglitzFair Trade for All

William Easterly

2005 paper on structural adjustment
Abstract: ... None of the top 20 recipients of repeated adjustment lending over 1980–99 were able to achieve reasonable growth and contain all policy distortions. About half of the adjustment loan recipients show severe macroeconomic distortions regardless of cumulative adjustment loans. Probit regressions for an extreme macroeconomic imbalance indicator and its components fail to show robust effects of adjustment lending or time spent under IMF programs. An instrumental variables regression for estimating the causal effect of repeated adjustment lending on policies fails to show any positive effect on policies or growth.
http://www.nyu.edu/fas/institute/dri/Easterly/File/utopian%20nightmare%20FP.pdf

http://www.wfs.org/reveasterly.htm
http://econ161.berkeley.edu/TotW/Easterly_neoliberal.html
 

Curse of Wealth:

Michael Ross, "Does Oil Hinder Democracy?" WP 53 (Ap. 2001), 325-61.
Terry Lynn Karl,  "The Paradox of Plenty: Oil Booms and Petro-States
Melissa Thomas (U. Md)
Scott Pegg (Indiana)
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