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
Masculinities and Transition
The project will explore the experiences of men and shifting constructions of masculinities in current ‘transition countries’ 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
How Filipino LBTs Cope with Economic DisadvantageIDS Evidence Report 120 (2015)
After decades as the so-called ‘sick man of Asia’, the Philippines has adopted the export-driven model of economic development followed by wealthier Asian countries (Makabenta 2014) and has begun to address the pervasive corruption that has perennially deterred investment. More details
Development Banks from the BRICSIDS Evidence Report 111 (2015)
The BRIC acronym was created at the beginning of the 2000s to represent a group of four fast-growing economies – Brazil, Russia, India and China – and was changed to BRICS in December 2010 with the inclusion of South Africa. More details
Civil Unrest and Government Transfers in IndiaIDS Evidence Report 108 (2015)
This paper investigates empirically the role of government expenditure on social services in mitigating and preventing civil unrest (riots) in India. The empirical analysis makes use of a unique longitudinal dataset compiled across the 16 largest Indian states for the period 1960–2011. More details
Understanding The Diffusion Modes Of Grassroots Innovations In India: A Study Of Honey Bee Network Supported Innovators
In this paper we examine the outcomes and connections of preferences of the non-formal innovators identified by the Honey Bee Network (HBN) in India. More details
Growth is Dead, Long Live Growth: The Quality of Economic Growth and Why it Matters
As the signs of negative impact of global climate change are becoming evident, and especially in the aftermath of the global economic turndown, societies had a choice --- either reframe their definition of growth, or try to pursue it, growth as we have known it for many decades. More details
The Market Response to Corporate Scandals Involving CEOsApplied Economics 47.17 (2015)
This article examines corporate scandals of both a financial and non-financial nature between 1993 and 2011 which is expressly linked to a firm’s CEO. Findings suggest that in the short run, investors react adversely to such events and that recalcitrant CEOs end up costing their shareholders dearly. More details
Lessons from the Recent Economic Crisis: The Australian Household Stimulus PackageInternational Review of Applied Economics 29.3 (2014)
This paper provides an impact evaluation analysis of the 2009 Australian Household Stimulus Package, which was composed by three main cash payments: the Back to School Bonus, the Single Income Family Bonus and the Tax Bonus for Working Australians. More details
Making the Poor Pay for Public Goods via Microfinance: Economic and Political Pitfalls in the Case of Water and SanitationMPIfG Discussion Paper 11/14 (2014)
This paper critically assesses microfinance’s expansion into the provision of public goods. More details
Negotiating Exclusions in Developing Country FTAsForeign Trade Review 49.4 (2014)
There exists a choice of negotiating the exclusions in tariff liberalisation: negative or positive listing. The extent of coverage caters to all sectors/products minus an identified ‘sensitive list’ under the negative list approach is considered more liberalising than positive listing with coverage across a specific number of sectors/products selected for preferential treatment. More details
Strengthening Evidence-Based Policy: Outputs November 2012 – March 2014Accountable Grant Outputs Brochure (2014)
Knowledge and evidence are important elements of all policy processes. While the availability of more or higher quality evidence does not guarantee better policy processes, it is difficult to imagine how development policy and outcomes can be improved without it. More details
Banking on a New World OrderThe Economic Times of India (2014)
The establishment of a BRICS bank may see a geopolitical shift from developed countries to developing ones. More details
Understanding South Africa’s Role in Achieving Regional and Global Development ProgressIDS Policy Briefing 64 (2014)
As Africa’s most diversified, developed and (until recently) largest economy, South Africa occupies a unique position in the international development debate. It is an active player in global governance and development fora, maintains an extensive development partnership with its region, and is a member of the BRICS Forum of emerging powers (along with Brazil, Russia, India and China). More details
Rendite machen und Gutes tun? Mikrokredite und die Folgen neoliberaler Entwicklungspolitik
The first book to collect critical perspectives on microfinance in the German language, this volume brings together researchers, practitioners and journalists for an encompassing assessment of the spread of microfinance and its broader consequences. More details
Taxation and Livelihoods: A Review of the Evidence from Fragile and Conflict-Affected Rural Areas
This joint SLRC/ICTD paper investigates the neglected topic of the impact of taxation on people’s livelihoods, especially in places affected by war and violent conflict. More details
An Economics of Wellbeing: What Would Economics Look Like if it were Focused on Human Wellbeing?IDS Working Paper 436 (2014)
This paper makes a number of fundamental proposals to reconsider economics by putting human wellbeing at the centre. More details
Is the International Tax System Fit for Purpose, Especially for Developing Countries? Le système fiscal international cadre-t-il avec les objectifs fixés, en particulier en ce qui concerne les pays en voie de développement?
This ICTD Research in Brief is a two-page summary of ICTD Working Paper 13, by Sol Picciotto. The brief is aimed at policy makers, tax administrators, fellow researchers and anyone else who is big on interest and short on time. Le système fiscal international cadre-t-il avec les objectifs fixés, en particulier en ce qui concerne les pays en voie de développement ? Ce résumé de recherches de l’ICTD est une synthèse de deux pages du document de travail 13 par Sol Picciotto. More details
Taxation and Development: What Have We Learned from Fifty Years of Research? Fiscalité et développement: Qu’avons-nous appris au bout de cinquante années de recherches?
This paper contributes to the broader ICTD research objective of gaining a better understanding of how to improve tax policy and administration across a range of diverse developing country settings. Ce document contribue à l'objectif global de la recherche de ICTD pour mieux comprendre comment améliorer la politique et l'administration fiscales a travers des divers contextes de pays en développement. More details
The Shadow Economy in Conflict-Affected Countries
Targeting the shadow economy in conflict-affected contexts is a complex task about which little is known (expert comment). This rapid literature review uncovered little focusing on interventions aimed at incentivising war profiteers to join the legal economy and even less on leveraging the positive social function that shadow economies can provide to conflict-affected populations. More details
How Does Financial Regulation in Low-Income Countries Affect Growth and Financial Stability?
Without effective regulation, financial systems can become unstable, triggering crises that can devastate the real economy. However, there is another side to regulation. The primary purpose of finance is to facilitate productive economic activity. The avoidance of crises creates the foundation for this, but does not guarantee it is done well: financial regulation has a profound effect on the ability of the financial system to perform this function. More details
Sustaining Growth and Structural Transformation in Africa: How Can a Stable and Efficient Financial Sector Help?
This paper draws together a number of essays that emerged from a public debate in Ghana on ‘What does it take to build a stable and efficient financial sector for sustaining growth and structural transformation in Africa?’ More details
Greece, new hope or new risks for Europe?17 Mar 2015
By Maria del Mar Maestre Morales, (incomplete)
Greening China: tackling bad industrial policies should be a priority16 Mar 2015
By Hao Tan
Re-thinking growth: direction, distribution, diversity26 Jan 2015
By Melissa Leach
The Greek elections: implications for economic development policy19 Jan 2015
By Diana Conyers
More on the Argentine debt saga02 Oct 2014
By Carlos Fortin
Argentine debt affair: a threat to the international financial system14 Aug 2014
By Carlos Fortin
Tax justice campaigners should stop picking on the OECD25 Jul 2014
By Mick Moore