
Re-reading the development record through its anomalies
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Pieces I’ve been reflecting on this month make analogous arguments from different angles: the standard toolkit of development economics looks shakier than the field is willing to admit. What’s left when you strip out the tools points somewh...
Governments announce reform constantly, and are believed by no one.
Reagan fired eleven thousand air traffic controllers in a day, and was believed at once. A borne cost cannot be faked.
What proves intent, and what tells reform...
Indonesia was brilliantly managed. It was never managed toward what transformation requires.
Every crisis the state absorbed was one it could no longer force it to change.
The cost of a manageable correction, one bad enough to m...
Indonesia halted 600 per cent inflation, rode two oil booms without ruin, fed itself, and pulled most of its people out of poverty.
The short version:
Reformers are taught to wait for a crisis to open a window.
Most crises open nothing, and plenty of reform happens with no crisis at all.
The window is not the event. It is the moment someone treats as an o...
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The writers behind this newsletter.
I’ve worked across government, development and strategy in the UK, Middle East and Africa, and led the Legatum Prosperity Index. I’m a Visiting Senior Fellow at Artha Global & Future Africa, and Chair of the UK Social Security Advisory Committee.
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