Why did the Chinese become less happy during their growth boom?

June 16, 2015

In China, GDP per capita and household consumption increased fourfold between the years 1990 and 2005, and life expectancy climbed to 75.3 years from 67 years in 1980. Carol Graham in her post on Brookings Institutions explores why life satisfaction levels plummeted during the same period.

 Read the complete post here.

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Latin America should find a new formula for growth

June 27, 2015

For much of this century Latin America saw robust economic growth, a big fall in poverty and a swelling of the middle classes. Now the good times are over. The IMF expects growth of just 0.9% in 2015, which would be the fifth successive year of deceleration in the region. The Economist suggest that Latin America should find a new formula for growth after the commodity boom triggered by the industrialization of China.  For more information see two posts:

–  “Latin America. The loss of El Dorado”   Read More

– “Latin America’s economies. The lessons of stagnation”  Read More

Bringing behavioral economics to development

May 19, 2015

A new wave of public policymaking informed by behavioral economics and psychology submits the assumptions of the rational actor to scrutiny. Public debates are now assessing the introduction of behavioral interventions in many domains, including organ donation, taxes, retirement savings, and employment schemes. In the spirit of such innovative programming, the World Development Report 2015:  Mind, Society, and Behavior examines hundreds of studies to find applications of behavioral insights in successful interventions in developing countries. 

See also the BROOKINGS blog post by Karla Hoff and James Walsh “Bringing behavioral economics to development”   Read More.

See also at a glance infographic of the “World Development Report 2015: Mind, Society and Behavior.”  Read More »

Open skies: Estimating travelers’ benefits from free trade in airline services

May 21, 2015

Recently, a coalition of American legacy airlines and labor unions have lobbied the Obama administration to restrict open skies access for some Middle East carriers. In the wake of these events, BROOKINGS discusses deregulation of the airline industry through open skies agreements. They cite a new paper  by Clifford Winston and Jia Yan (OSAs), where the authors find that deregulation has generated at least $4 billion in passenger savings by stimulating competition

Read the complete post here.