Maria Ana Lugo

Lead Economist, World Bank

[Maria Ana Lugo @MariaAnaLugo]

New paper w/@noralustig @_SaileshTiwari Vero Montalva and Yang Wang,
download: https://t.co/u1q0l2mnTb 👇

[Nora Lustig @noralustig]

See NEW! How Redistributive Is Fiscal Policy in China? WB WP 10887 https://t.co/WLzAVqBJkr
@MariaAnaLugo,@noralustig,Veronica Montalva, @_SaileshTiwari, and Yang Wang

[SK @Djoko_UTD]

Alexander Zverev is living on needles for the last 25 years...taking Insulin everyday since age 4.

Today at 29, he became a GRAND SLAM CHAMPION. Overcame a life nemisis.

Huge Inspiration to children with diabetes. He runs a foundation for the same 👏

[Justin Sandefur @JustinSandefur]

with @charlesjkenny:

USAID fallout update

aid disbursements have fallen a bit less, and new obligations a bit more, than we guessed a year ago -- while new PEPFAR data may hint at a lower mortality impact than we forecast.
https://t.co/rEIhL9nmpL

[Juan Carlos Hallak @juancahallak]

No pude ocuparme antes de este tuit sobre la baja de casi mil servicios tecnológicos del @INTIargentina, a pesar de que no le encontraba sentido al argumento del ministro. Para hacerla fácil, le pregunté a Claude por qué la solución al problema planteado no es simplemente subir el precio. Abajo la respuesta que me dio. Por favor lean. Tal vez la IA funciona mucho mejor como asesor. Además, es mucho más barata.

[Lee Crawfurd @leecrawfurd]

"Women Can Travel Past the Moon, but Senior IFI Leadership Remains Largely Out of Reach"

https://t.co/0WphHeMB8k

[Germán Sasso @SassoGerman]

Rezo laico ❤️

[CSIS Freeman Chair in China Studies @CSISFreeman]

“By the end of the century, you get well less than half of the population who are of working age,” says @CEPAR_research’s Philip O’Keefe of China’s aging problem. He joined Pekingology to discuss the consequences of China’s changing demographics.

Revisit the conversation here: https://t.co/BlWUg4LvTt

[Oliver Kim @oliverwkim]

The 1990 start point is doing a lot of work here. If you start from 1980, 75% of global extreme poverty reduction occurred in China (according to the World Bank).

[Justin Sandefur @JustinSandefur]

This @MarkusEconomist 'video interview' with Keynes about the economics of AI is pretty wild.

https://t.co/pf7Cq4dHws

[Lauren Johnston 江诗伦 🫏 @lajohnstondr]

The UK ponders adopting an economic demography transition approach - 40 years after China adopted this approach:
"Young people will suffer most from UK’s ageing population, Lords say
House of Lords report says tools such as raising pension age and increasing immigration will not be adequate"
https://t.co/5j4mTjLxRr @davidpgoldman @michaelxpettis @MariaAnaLugo @martinwolf_ @JChengWSJ @CarlZha @IEAKwame

[Justin Sandefur @JustinSandefur]

Migration from poor to rich countries leads to massive income gains for migrants + remittances back home. But isn't there a trade-off here with long-run growth in the country of origin?

This new @AEAjournals paper might be the best causal evidence we have, & suggests not

[Arvind Subramanian @arvindsubraman]

We were wrong about convergence.
Or rather the facts have changed, again.

@dev_a_patel @JustinSandefur & I update our earlier heady finding on the end of divergence

Solow convergence has faded but 70% of developing countries still “outgrew” the G-7

https://t.co/llHxEyUw5i

[Charles Kenny @charlesjkenny]

Manufacturing for export has been the major path for rapid growth in developing countries.

How is the World Bank's private sector arm the IFC doing in supporting that model?

Not so good.

[Hernán Letcher @hernanletcher]

EL GOBIERNO DISOLVIÓ EL SERVICIO DE CALIBRACIÓN DEL INTI, UNA FUNCIÓN ESTATAL CLAVE Y MODELO EN LATINOAMÉRICA

El Servicio Argentino de Calibración y Medición (SAC) fue creado por el INTI a partir de acuerdos con distintos laboratorios especializados, conformando una red de cooperación e intercambio técnico. Todos estos laboratorios operan bajo la supervisión del INTI y cumplen con la Norma ISO/IEC 17025, el estándar internacional que establece los requisitos para demostrar competencia técnica en ensayos y calibraciones, garantizando resultados válidos y confiables.

Este esquema permitió que la industria acceda a servicios de calibración y medición en laboratorios cuya capacidad técnica está verificada, utilizando patrones de referencia trazables al Sistema Internacional de Unidades (SI). En consecuencia, los certificados e informes emitidos poseen plena validez técnica.

El INTI, además, es responsable de realizar, reproducir y mantener los patrones nacionales de medida, asegurando la coherencia metrológica en todo el país.

¿Qué ocurrió ayer?

Se publicó en el Boletín Oficial la eliminación del SAC. El punto más delicado es que sus funciones pasarán al Organismo Argentino de Acreditación (OA).

El OA no es un organismo estatal. Forma parte del sector privado. Esto plantea un problema evidente de intereses, porque implica delegar en actores privados la custodia y certificación de las calibraciones de todos los instrumentos de medición del país.

Además, el OA tiene accionistas y empresas asociadas que participan de su conducción. Un caso es Lenor, que integra su directorio y, al mismo tiempo, está habilitada por el propio OA. Esa doble condición genera un conflicto evidente. Una empresa privada participando de las decisiones del organismo que controla los patrones nacionales, la trazabilidad y la calidad de las mediciones.

El INTI es quien históricamente resguarda los patrones nacionales de medida. Trasladar esa responsabilidad al OA abre un problema profundo: si se pierden los patrones o la trazabilidad, se deteriora la capacidad de medición de toda la industria.

El cambio implica un retroceso institucional y técnico muy serio, porque el OA no posee ni la capacidad académica, ni la infraestructura, ni el nivel de especialización que tiene el INTI.

[Justin Sandefur @JustinSandefur]

Applying those sector characteristics to the industry composition of World Bank's private sector investments over time -- which is a bit of a leap, but is the best I can do with the data at hand -- what you see is basically a declining focus on jobs, exports, and growth.

8/

[Justin Sandefur @JustinSandefur]

Hello! I'm starting a new blog/newsletter thing.

First post is about aid and growth, and what I think is missing from the renewed enthusiasm in DC to subsidize private investment in developing countries: i.e., export discipline.

1/

[Francesco Andreoli @FAndreoli83]

✨Winter School #IT19 ✨

Habemus program: https://t.co/ExwKAHiRVI

@APeichl @MathiasDolls @DenisaSologon @MunziTeresa @Roberto__Iacono @MentaGiorgia @ALepinteur @VitoPeragine1 @pverme

[NBER @nberpubs]

Campaigns targeting political outsiders may backfire: criticizing Javier Milei’s proposals reduced support among some voters but mobilized others to advocate for him, from Georgy Egorov, @sguriev, Maxim Mironov, and Ekaterina Zhuravskaya https://t.co/doHCScxUz4

[Justin Sandefur @JustinSandefur]

The World Bank's 1993 "East Asian Miracle" report attributed the miracle to macroeconomic fundamentals, not state intervention.

"Industrial policy" would remain taboo for 30 years.

In a new JEP symposium, @nancymbirdsall -- who oversaw the report -- reassesses that call.

🧵

[Oliver Kim @oliverwkim]

What were the causes of South Korea's export miracle?

My new paper w @philippbarteska, @straightedge, @seung_econ explores a major overlooked factor: U.S. military procurement during the Vietnam War.

We bring new evidence to the Q of how geopolitics shapes development. 🧵:

[Jaime Saavedra @JaimeSaavedra22]

Policymakers significantly over-estimate foundational learning levels in their country (they underestimate the scale of the problem). They guess that on average 47 percent of 10 year olds in their country can read, compared with World Bank Learning Poverty data ( based on actual assessments) of just 23 percent.
Foundational skills may thus be under-prioritized in part because policymakers do not realize the magnitude of the crisis in their countries. This is one of the many interesting results in this paper by @leecrawfurd @AnaMinardi1 @JustinSandefur & @susannahhares

https://t.co/fYGf3WTX1O