Papua New Guinea: LNG to double economy, now for good governance

Written by on October 1, 2011
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The first 50 days of Papua New Guinea’s O’Neill-Namah government have seen reforms take off, including decisive action being taken to tackle corruption, public enterprises being cleaned up, and an 800 million kina (US$362 million) supplementary budget passed focusing on free education and infrastructure. The next nine months provide an opportunity to put the economic foundations in place for better management of the mineral boom. According to the latest numbers from Treasury, the economy is growing fast, including non-mineral [...] Read more »

The next age of government

Written by on March 11, 2010

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India charges through the global crisis?

Written by on March 3, 2010

Martin Wolf of the Financial Times points out that ‘in the 2008-09 financial year, India’s gross domestic product expanded by 6.7 per cent. This year it is forecast to grow by 7.2 per cent.’ (Martin was also in Delhi in February and made similar comments on why India is leading post-crisis growth.) This is correct, but the quarterly and monthly economic data tells a more nuanced story and reveals more about the remarkable recovery. The economy [...] Read more »

India: resilient economy, persistent poverty

Written by on February 22, 2010

India has weathered the global economic crisis better than most countries, but has also felt the strain. Export and manufacturing sectors, though recovering now, were battered hard. The impact on poverty of even a two or three percentage point slowdown in economic growth is still possibly about six to nine million more people remaining in poverty. (A reflection of India’s high levels of poverty – with 456m people living on less than $1.25 a day, [...] Read more »