Currency Wars: why uneven development matters

The announcement in September 2010 by the Brazilian Finance Minister, Guido Mantega, that an ‘international currency war’ had broken out signalled a new stage in the unfolding of the current financial crisis.  Although initially described as a ‘credit crunch’, which made the crisis appear to be a mere temporary inconvenience, the financial problems caused by …

Aid effectiveness: moving from telling to listening

At the end of November and start of  December, the “Fourth High Level Forum on Aid Effectiveness” is meeting in Busan.  What lies behind this rather opaque title? For much of the history of aid, there have been criticisms that it doesn’t work.  From the right, these have characterised aid as bureaucratic and market distorting; …