Zimbabwe needs to introduce a hybrid foreign currency management system or create a long maturity US$ Brady type bond to preserve savings amid the currency chaos, renowned economist Ashok Chakravarti has advised.
November 2018 archive
Nov 04
Aid, Institutions And Development: New Approaches To Growth, Governance And Poverty
In spite of massive flows over the past 50 years, aid has failed to have any significant impact on development. Marginalization from the world economy and increases in absolute poverty are causing countries to degenerate into failed, oppressive and, in some cases, dangerous states. To address this malaise, Ashok Chakravarti argues that there should be …
Nov 04
Institutions, Economic Performance and the Visible Hand: Theory and Evidence
This timely study convincingly argues that it is not resources but the institutions which govern the interaction and decision-making of economic and political agents, that are the key factor in determining the economic performance of nations. The book challenges the conventional wisdom on the determinants of economic performance and provides an alternative vision of the …
Nov 02
Imperfect Information & Opportunism
Journal of Economic Issues, Vol. 51 Issue No. 4, December 2017 www.tandfonline.com/doi/full/10.1080/00213624.2017.1391594 IMPERFECT INFORMATION AND OPPORTUNISM Information is a scarce resource. It is inherently available only in limited form to decision makers. Limited or imperfect information is caused by uncertainty – both ontologic and epistemic, limitations in cognitive capabilities or bounded rationality, hidden information and …
Nov 01
New Economic Environment in Zimbabwe
Ashok Chakravarti explains the new policy direction in Zimbabwe after the fall of Robert Mugabe