Dweep Chanana
Making Pay Work: Matching Bonuses and Penalties
Investors in the stock market know they can both loose and gain money. Entrepreneurs accept the same principle when setting up companies. Why should executives be different? To make compensation work and be fair, bonuses for good performance should be matched by actual penalties for poor performance.
Catalytic Philanthropy and the Delegation of Public Responsibility
The catalytic philanthropist seems to have arrived. But is that a good thing? By putting faith in individuals is society not delegating responsibility for improving its lot to wealthy individuals rather than to the elected representatives that are usually mandated that task?
The World Bank: Inventor of Last Resort?
Financing for global public goods remains dangerously low. Yet the Gates Foundation shows there is a case for an international institution to invest in the needs of developing countries. Subramanian suggests the World Bank should do this – will the developed world agree?
Time for Caution in Financing Microfinance?
The WSJ report of too much microfinance raises a dangerous parallel with the subprime crises. It is time that social investors scaled back their optimism on the impact of microfinance and its investment potential. As this crises has shown, endless growth cannot be without consequence.
Developing Responsibily, And Paying For It
The Indian Solar Mission is an example of a developing country attempting to decouple growth from carbon emissions. But if developed countries want concerted action on climate change it is time they put their money where their mouth is. Then we can start defining a post-Kyoto framework.
With Pakistan, Wanting Peace is Asking for War
Prime Minister Manmohan Singh decided to embrace Pakistan in Egypt, saying dialogue is the only way forward. He renders us weak for future negotiations and ignores that Pakistan does not want peace. He should remember that if you want peace, prepare for war.
Debating Which Aid Works Best is to Miss the Point
The Economist debate on foreign aid and philanthrocapitalism entirely misses the point. Neither is perfect, but to switch one for the other is simply to change one benevolent patriarch for another.
The Results are in on Microfinance
A new survey by the Poverty Action Lab on the impacts of microfinance raises as many questions as it answers.
