Does Real Exchange Rate Undervaluation Promote Export Diversification?

Posted by on Oct 16, 2013 in Uncategorized | 0 comments

Attached is a section of my work for the MSc in Economics for Development. The paper ultimately argues that an undervalued real exchange rate helps negate negative externalities inhibiting the expansion and diversification of exports. I argue that rather than direct government intervention on an industry level, an industry agnostic approach through macro economic policy is most appropriate in promoting export diversification (and in general export growth). The paper concludes with an empirical investigation of the relationship between export...

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White-washed Equality

Posted by on Oct 9, 2013 in Inequality, My Content, Politics and Ethics | 4 comments

White-washed Equality

If you lean just enough against the window of your business class seat to discomfort yourself, you can see the shanty towns as you come into land at Cape Town International Airport. South Africa is unequal. And we know it. In fact, we are told in multiple headlines that South Africa is the most unequal country in the world. But what we aren’t told is what that means, why it matters and what we should do to respond. Inequality, as most people think of it, is simply the existence of both rich and poor. In other words, there is some inequality...

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Should low income countries adopt monetary or inflation targets?

Posted by on Feb 25, 2012 in Economics, My Content | 0 comments

Should low income countries adopt monetary or inflation targets?

There are a number of monetary policy choices facing low-income countries. In many ways, the academic research would suggest there is no single best monetary policy for all countries. Low income countries face a unique set of challenges when adopting monetary policy. Primary problems include a lack of credibility, technical expertise and country-specific shocks. For many of these countries, alternative regimes such as a pegged exchange rate to a close trading partner might be most appropriate. While I recognize this possibility, this essay...

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