Posts Tagged ‘emerging markets’
Hardly anybody [I know] reads…
Bill Easterly, one of the most accomplished and iconoclastic development economists and commentators, may have overreached a bit. He has picked a bone with the Global Forum for Health over their failure to win publications and citations in journals worthy of consideration at tenure review. Isn’t that a strange criterion for judging the success of the Global Forum for Health? They are insufficiently concerned with winning faculty jobs at US universities?
The evaluation has lots of other things to say about them, both positive (they have a lot of meetings!) and negative (“absence of an agreed results framework”).
So the World Bank seems to be following a disturbing trend. It is financing economic research publications that hardly anybody reads, and financing health awareness efforts that hardly anybody is aware of.
This also creates a new challenge for aid watchers – how can we hold accountable an aid agency we don’t know exists? What other dark matter in the aid world is awaiting discovery?
Global Forum for Health is a self-described advocacy organization. If anything, Bill Easterly should be taking the development economics profession to task for its solipsistic criteria for success. In manufacturing industries, the gold standard of achievement is not publications, it is patents. Unfortunately, the economics profession has no equivalent to the patent.
My problem with Easterly’s criticism is the standard for judgment: “…publications that hardly anybody reads.” An astute reader will insert brackets, so it reads “publications that hardly anybody [I know] reads.” Tenure review boards matter primarily to people whose jobs hinge on tenure decisions, and in places that read the same publications that Easterly does.
Academics overseas may have a very different idea of where to publish their research, and what research is credible, and what research is relevant to their careers. Tbe Economist recently stirred up a hornet’s nest with its report on the views of top economists on the profession, who accuse the discipline collectively of dogmatism and sloppy analysis (Barro, Buiter, DeLong, Eichengreen, Lucas, and Krugman). To the extent that publication in the top journals is both extremely time-consuming and something of a beauty contest, perhaps it isn’t reasonable to discount any and all research being done outside the top American journals.
The benefits of cell phones in emerging markets
Why do cell phones have such an enormous economic impact in emerging markets? What are the economic impacts of cell phones in emerging markets? How big are the economic benefits of cell phones in emerging markets?
The marginal value of cell phones in emerging markets is particularly great precisely because the available substitutes are expensive, slow, unreliable, or just hard to figure out. Whereas in an economy with good infrastructure, cell phones can be replaced with land lines or email, an economy with only cell phones would otherwise have to rely on expensive and slow face-to-face visits, mail, radio air time, and print publications to replace the calls. Read the rest of this entry »
