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Showing posts from 2011

The Arab Democracy Paradox

The unprecedented spread of pro-democracy protests across the Arab world in the past few weeks has taken almost everyone by surprise. As the protests have spread, pundits around the world are scrambling to make sense of them. Roughly speaking, the explanations for the protests can be summarized by discontent around three basic issues: a lack of accountability, a lack of democracy and a lack of jobs.

Making Sense of Food Price Volatility

Food price volatility starts with the characteristics of food markets. What makes food markets distinctive is that both supply and demand curves are highly inelastic, meaning neither responds much to price changes in the short run. The most basic economics dictates that small shocks in either supply or demand will therefore lead to large price changes.

Grameen Bank

I have great respect for Professor Muhammad Yunus and the success of Grameen bank , showed how access to credit improves living standard of the poor not AID. However, the current campaign in Bangladesh actually wouldn't help the Grameen.