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Nathan Kelly
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I think this paper has some strong relation to Atul Kholi's work on state directed development. His book talks about the importance of having government and private enterprise yoked together to be able to reach a country's development goals. I think in our class we can think about this as how we make the assumptions in our model fit. A lot has been said a bout Latin America in this piece and the comments above and while I agree that what works in other parts of the world may not work in Latin America, we can think about times in Latin America's history that we have seen stable growth by making the assumptions fit. I think of Chile in the late 80's and government intervention to stabilize the economy against copper shocks and how it led to steady growth in the 90's. I think examples like this serve as reminders that models that have been tried before that are supported by the state can still work in the context of Latin America.
Toggle Commented Sep 26, 2013 on Growth Strategies - Econ 280 at Jolly Green General
First of all, Duflo is an incredible economist. Her work is some of the most revolutionary in development economics, often dispelling long held beliefs about those in underdeveloped regions of the world. This is no different. I feel as if I have a much better picture of the kinds of decisions that those living on less than a dollar a day have to make on a daily basis. On the other hand, it tells me that we still have a lot to learn. One of the topics I would love to see Duflo develop further is the difference between rural poor and urban poor. In my own thinking about the poor in developing countries, I have to believe that these two groups have very different decisions to make on a daily basis. The paper discusses this at some level whiled talking about TV and radio usage but I would think that the stressors and decisions being encountered would go far beyond the decision to have a TV or radio. However, as the article so readily showed, my beliefs about the economic lives of the poor may not be very accurate.
Toggle Commented Sep 12, 2013 on Economic Lives of the Poor at Jolly Green General
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Sep 12, 2013