Research Monitor

Is Africa Too Late for “Late Development”?: Gerschenkron South of the Sahara (PDF)

01 Oct 2015

Graduate Institute (IHEID); Author: Gareth Austin

This paper is intended to present an economic historian’s view of the prospects of Sub-Saharan Africa achieving a twenty-first century ‘late’ industrialization, drawing on – and evaluating – propositions form some of the models of economic development used by economic historians. It argues that the ‘broad capital’ strand of endogenous growth theory captures something important in the African context, relevant both to the ultimate demise of the apartheid formula for economic growth, and to the prospects for ‘late industrialization’ more widely in the sub-continent.

Analysis of the Impact of Public Education Expenditure on Economic Growth of European Union and BRICS

24 Sep 2015

Institute of Economic Sciences (IEN); In: Economic Analysis 2015, Vol.48, No.1-2, pp.19-38; Author: Tomić Zoran

Knowledge is one of the key factors for the development and progress of each of the world economies. Starting with the industrial revolution, more attention and resources are invested in the development of the education system.

This paper presents a comparative analysis of investment funds in the education systems of the European Union and BRICS, and it is shown that there is a positive correlation between public expenditure on education and the value of GDP of the country.

Doing Cash Differently: How Cash Transfers Can Transform Humanitarian Aid

10 Sep 2015

Overseas Development Institute (ODI) – High Level Panel on Humanitarian Cash Transfers

The nature of humanitarian crises is changing. More people are in need and for longer. Humanitarian assistance could be more effective, more efficient and more transparent if aid was given in the form of cash directly to people struggling to survive in crises.

This report, written by the High Level Panel on Humanitarian Cash Transfers, identifies 12 crucial steps to scaling up cash transfer programmes, including capitalising on digital technology and private sector expertise and opening up programmes to greater competition.

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