Economy and Finance
The global economy is rapidly changing. Economic power is increasingly shifting from North America and Europe to China, India, Brazil and other emerging economies. At the same time, poverty remains endemic in many parts of the developing world. Global challenges such as climate change and resource scarcity are shaping the way countries manage their own economies and interact with others.
The impacts of the financial crisis are being felt around the world, placing global financial systems under increased scrutiny and raising questions about regulation and reform.
Sustainable and equitable economic growth is more important than ever. Achieving this requires countries to reach out to broader markets through trade, and to create the right domestic environment to stimulate investment and innovation. They also need to ensure that external relationships contribute as much as possible to domestic growth and development, and that the benefits of development are shared fairly.
IDS works on a range of issues concerning economy and finance, including:
- Trade and growth – we are analysing trends in global trade and regionalisation of the global economy using quantitative analysis and economic modelling.
- Sustainability and the green economy – we are seeking to understand how investment in low-carbon technologies can help countries grow sustainably, and how this investment could be increased.
- Finance and infrastructure – we are examining the impact of Development Finance Institutions support for Private Participation in Infrastructure on economic growth and poverty reduction.
- Private capital flows – we are mapping changes in capital flows, and linking this to development impacts.
- Climate change finance – we are exploring how to mobilise and distribute finance that helps countries mitigate and adapt to climate change.
- Environmental taxation – we are exploring the links between environmental taxation and international development outcomes.
- Business innovation and branding – we are examining how businesses in China and Brazil are growing their innovation and branding capabilities.
- Research Fellow
- Research Fellow
- Honorary Associate
- Research Fellow
- Professorial Fellow
- Research Fellow, Cluster Leader
Assessing the Tobin Tax
The current financial crisis has stirred up an old debate about whether it might make sense to impose a Tobin Tax, either on foreign exchange transactions or on all financial transactions. More details
BRICS Economic Engagement Footprint Study
This project investigated the nature of economic relations between the BRICS and Africa, in order to quantify the development footprint, focusing on various elements such as trade, investment. finance, ODA and migration. The current phase aims to look at development finance and the role of BRICS development banks. More details
Business from the BRICS
The Rising Powers in International Development Programme is looking at the growing role of business from the BRICS countries in the field of international development cooperation. More details
Codes and Standards and Development Finance
Using case studies of Brazil and India, this work looked at the impact on development finance of compliance with international codes and standards. More details
Evidence and Lessons from Latin America (ELLA)
Evidence and Lessons from Latin America' (ELLA) is a knowledge sharing and learning programme, that seeks to improve knowledge of Latin America's development among African and Asian policymakers, practitioners and researchers - on selected economic, environmental and governance issues. More details
Handbook of Financialization
Financialization has become the go-to term for scholarship that studies the vastly expanded role of finance in contemporary politics, economy and society. The goal of this handbook is to provide a comprehensive overview of the scholarship on financialization as it stands today, almost twenty years after the concept was first embraced by social scientists More details
International Architecture for Economic Shock Financing
This project examined the international architecture of economic shock financing and provided some recommendations for a better shock financing architecture. More details
Linking Participation and Economic Advancement
In this project, IDS will draw upon and expand its rich experience at the forefront of thinking about participation in development, and our emerging work at the intersection of participation and markets. We will co-create along with the Economic Advancement Program (EAP) at the Open Society Foundations (OSF), a deeper understanding of participation in economic advancement in general, as well as how EAP can bring participatory approaches into its own practice. More details
Political Economy of Low Carbon Investment in China and India
This project investigates whether and how coalitions of public, private and civic actors influence low carbon investment. More details
Research on the Poverty Impact of Market and Enabling Business Environment Programmes in Kenya
To what extent does private sector development work in Kenya contribute to a reduction in poverty and inequality? This review aims to assess the evidence base for DFID Kenya’s Wealth Creation Pillar programming. More details
UNU-WIDER Symposium on Taxation & Revenue Mobilisation in Developing Countries consultancy
Bruno Martorano will be conducting research on the topic of ‘Tax Changes and Inequality in Latin America, 1990-2010’ More details
Taxing for the State? Politics, Revenue and the Informal Sector in GhanaIDS Bulletin 33.3 (2002)
Financial Reform in a Devolved African Country: Lessons from EthiopiaPublic Administration and Development 21 (2001)
The Business of Blackness: the Foundation of African Business and Consumer Services, Democracy and Donor Funding
Entrepreneurs and Politics in the Chinese Transitional Economy: Political Connections and Rent-seekingThe China Review 1.1 (2001)
Another Path to Customs Reform: Mexico’s Second InspectionInternational Journal of Public Administration 23.12 (2000)
State Intervention and Business in China (review essay)China Review International 7.1 (2000)
The State of Civil Society in Uganda: an Analysis of the Legal and Political-economic AspectsWorking Paper 58 (2000)
Economic Reforms in India: Impact on the Poor and Poverty ReductionIDS Working Paper 102 (2000)
This paper analyses the impact of the economic reforms initiated in India in 1991 on the poor and on poverty reduction. Using time series analysis of poverty indicators for all India and across states, it notes that while rural, urban and overall national poverty levels in India recorded a significant decline during the pre- reform period (1969-70 to 1990-91), during the post- reform period (1991-92 to 1993-94), these negative trends have weakened or even reversed in terms of one or more poverty indicators. More details
Economic Reform and Economic Performance: Evidence from 20 Developing CountriesIDS Discussion Paper 376 (2000)
Do adjustment policies assist or retard growth? This paper presents data on economic performance (aggregate and sectoral growth, inflation, investment and external account) for 20 countries. More details
On Apparent Problems with the Use of the Armington Aggregator in Computable General Equlibrium ModelsApplied Economics Letters 6.9 (1999)
Micro-Credit: Impact, Targeting and SustainabilityIDS Bulletin 29.4 (1998)
This IDS Bulletin on 'Microfinance' has grown out of a workshop on 'Recent Research on Microfinance: Implications for Policy', held at IDS in February, 1998 and organised by the Poverty Research Unit at Sussex (PRUS). More details
Financial Sector Reform and Monetary Policy in NigeriaIDS Working Paper 68 (1998)
This paper reviews the impact of financial liberalisation on monetary policy in Nigeria, examining in particular the progress made in the transition from direct to indirect forms of monetary management. More details
The effects of monetary policy on the balance of payments in FijiPacific Economic Bulletin 13.1 (1998)
Banking Reform in EthiopiaIDS Working Paper 37 (1996)
The monopoly government-owned banks in Ethiopia remained relatively sound throughout the period of socialist government. More details
Banking Policy in Botswana: Orthodox but UntypicalIDS Working Paper 39 (1996)
Financial sector policy in Botswana was unusual. In most other African countries, newly independent governments intervened extensively in the ownership, management and credit allocation of domestic banks. More details