blogging my (mis)adventures in China between and during bouts of jetlag peppered with random thoughts on investing, strategy and development
Monday, April 27, 2009
Even the IMF/World Bank Responds to Incentives
Bad news means more money for development agencies. Therefore, as William Easterly notes, "we can make bad news look worse…and for Africa, we can make even good news look bad". They can, and they do.
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