This paper (written jointly with Pierre Bertrand, Edmond Roger and Solofo Rakotondraompiana), “La comptabilité du capital naturel, un outil au service des ODD. Organiser localement le lien entre recherche et action”, was published in October 2017 in Patrick Caron et Jean-Marc Châtaigner (eds.), “Un défi pour la planète. Les objectifs de développement durable en débat”, IRD éditions (chapter 25). It is partly inspired by a global research program on « Natural Resource Management – Natural Wealth Accounting » conducted by the Global Development Network (GDN).
Terms-of-trade shocks are important determinants of long-term growth in commodity-rich developing countries. Transforming commodity assets into agents of development requires confronting two interrelated challenges.
This post was initially prepared as a preface for the book co-edited by Guillermo Perry and Ramona Angelescu Naqvi (2017), Improving Access and Quality of Public Services in Latin America. To Govern and to Serve (Palgrave MacMillan). The book approaches governance issues from a concrete, local and empirical, instrumental perspective which focuses on the equity and quality of public service delivery, an essential component of poverty reduction and inclusive growth strategies.
This paper was written with Anton Brender as a chapter for the book edited by Jacques Mistral (2015), Le climat va-t-il changer le capitalisme. La grande mutation du XXIème siècle, Eyrolles, pp. 119-132 (“Will climate change capitalism? The great mutation of the 21st century”). Funding volume is important. Yet, in terms both of amounts and financial instruments, finance is globally available. However, its mobilisation faces several hurdles: establish the fight against global warming as a clear policy priority; identify productive investments – financially, economically or socially; and design public intervention as a catalyst to orient savings towards better uses than do unfettered financial markets
Chapter written with Varad Pande for the collective book edited by Mathieu Boussichas et Patrick Guillaumont (2015), Financing Sustainable Development: Addressing Vulnerabilities" (Paris, Economica, chapitre 26). This chapter develops three main idea. First, we argue...
This paper was written (in French) for a preface for Marc Raffinot’s (2015) textbook, Economie du Développement, Paris: Dunod. It emphasizes the multidimensional content of development, which calls for a multidisciplinary approach. It questions the tendency to see the World in deterministic terms and highly specific contexts and prescribe a-contextual politics to developing countries’ governments. It also questions the tendency to assign to science the role of shaping and recommending solutions, instead of documenting in a rigorous way the information set from which governments will take decisions.
Paper prepared for the book jointly edited by Rabah Aretzki, Catherine Patillo, Marc Quintyn et Min Zhu (2012), Commodity Price Volatility and Inclusive Growth in Low-Income Countries, Washington D.C.: International Monetary Fund (chapter 16, pp. 315-330).
The 2007-2009 crisis, followed by the debt crisis of the euro zone, has further shifted the center of gravity of the world’s economy toward large emerging countries. Nowadays, economic dynamism and growth seem to belong to developing countries, whose heterogeneity remains, however, significant. Each group of countries is confronted with specific problems. Rather than trying to incorporate developing countries into the existing globalization framework, industrialized countries should be ready to negotiate with them the contours of a new governance, better adapted to the ongoing shift and to the defense of essential global public goods. To do this, development aid, once modernized, could prove a suitable instrument and provide the bases for a genuine global public policy.
This paper was written with Jean-Joseph Boillot as the introduction to the Revue d’Economie Financière’s issue that we jointly coordinated on “The Indian financial system. Between openness and modernity”. It argued that the Indian financial system needs a second wave of reforms.
Article published in Proparco’s quarterly review, Private Sector and Development, No.13, March 2012.
The volatility of agricultural prices undermines food security in developing countries. It is a well-known issue which calls for proactive, consistent agricultural policies that address the various risks facing producers and consumers – policies that include an analysis of the risks, strengthen agricultural sectors, encourage the formation of producer groups, build up emergency contingency stocks, collect and analyse data, and provide access to various types of insurance and risk cover. Efforts such as these can and should be supported by international donors, as has been advocated by the G20.