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Global Developments

Oliver Kim

Economic development and poverty, past and present.

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Substack
PricingOnly free issuesPublishesWeekly
Issues31Founded4 years agoLast Issue3 months ago
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Latest Issues

Review: How Africa Works

How Africa Works: Success and Failure on the World’s Last Developmental Frontier, by Joe Studwell. Atlantic Monthly Press. 2026.

When Joe Studwell’s How Asia Works came out in 2013, it was a book deeply out of consensus. In an age of rando...

3 months ago
133
45

Twilight of the Econs?

Ragnarök, painting by Emil Doepler. Source.

A story getting covered in The New York Times is usually a lagging indicator: a good way to learn that something horrible has happened, long after you could conceivably profit from the news.

So...

8 months ago
74
7

Quick Post: Whither Central Bank Independence?

During my PhD, a recurrent complaint I had when studying Macroeconomics was that it really should be called Rich World Macro. Independent central banks, solidly anchored inflation expectations, and the steady rule of law are institutions pa...

9 months ago
24
2

Does China Underconsume?

A Chinese resident over-consumes.

It’s now become an economic truism that China underconsumes: that Chinese households consume far less than those from countries with similar incomes.

Here’s the problem, illustrated in this New York Fed g...

9 months ago
118
12

Indonesia Climbs the Chain

Nickel mine in Sulawesi, Indonesia. Source.

The “Global Value Chain” is now an exhausted metaphor, but it’s worth reminding ourselves now and then what it means in human terms.

At the bottom are the raw materials producers, among them the...

10 months ago
76
6

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