VoxDev Development Economics

The new book The London Consensus is a large and very comprehensive successor to the Washington Consensus that dominated policymaking during the 1990s. It attempts to capture where the Washington consensus fell short, and suggest better policy for development.
One area in which we need better policy is basic education. Despite the success of programmes to build and equip schools, outcomes are not improving. Pritchett’s chapter in The London Consensus examines the learning crisis and suggests what policy can do about it. He tells Tim Phillips that there are no short cuts – but examples from around the world show that solutions are possible.

Labor markets in poor countries are very different to labour markets in rich countries. Millions of young people in developing economies who will be starting work in the next few years will face rationed jobs, volatile employment, and low-quality work. How will they cope and how can policy best help them?
Emily Breza of Harvard University and Supreet Kaur of UC Berkeley are the authors of a new review of how labour markets in developing countries. They tell Tim Phillips some surprising facts about how labour markets work, what policy can do better – and what we still need to discover to help those young jobseekers find decent work.

Ideas in Development is VoxDev's new second podcast!
You can listen to Ideas in Development wherever you get your podcasts, or watch on YouTube. Don't forget to subscribe, so you won't miss an episode.
Today we're bringing you one of the episodes from our new series. Oliver Hanney and Kartik Akileswaran ask how Costa Rica, a small country of approximately 5 million people, became an attractive hub that now hosts operations for more than 1,000 multinationals. To take us through this period of economic change, we were joined by Andres Valenciano Yamuni, who played his own role in Costa Rica’s FDI journey during his time as Minister of Foreign Trade.

It’s one thing to enrol kids at school. But that is the beginning of their education. When they are there, they need to learn – and unless that starts with learning to read, we’re failing in our duty to them. 
A new report, produced by a group of literacy experts and is endorsed by GEEAP, shows that improving the quality of reading instruction can sharply increase reading levels in schools in LMICs, and calls on policymakers to act. 
Benjamin Piper of the Gates Foundation joins Tim Phillips to talk about what works, and how it can be implemented.

When the work well, carbon markets worldwide decarbonise economies and direct funds to the most efficient projects. Yet for these mechanisms to be effective, credible, and equitable, should we move beyond today’s fragmented initiatives and create a unified global carbon market that would integrate compliance and voluntary markets, with consistent standards and pricing? 

Robin Burgess of LSE and Rohini Pande of Yale are authors of a detailed proposal to design and implement this radical concept. Fresh from presenting the report’s insights at COP 30, they join Tim Phillips to explain the potential and transformative impact of a unified market for carbon.

Download the report https://unfccc.int/sites/default/files/resource/Pande%20et%20al%20Draft%20Proposal%20for%20a%20Unified%20Carbon%20Market.pdf