Pseudoerasmus

THREAD (~50 tweets) My potted history of institutions in macro-development thinking, at the time of the AJR intervention. I had most of these thoughts earlier, but this week they have crystallised. I don't discuss AJR specifically, but I do have brief thoughts on their impact

For China's poverty reduction, income growth *within* agriculture was just as important as sectoral reallocation (moving from ag to non-ag). For Indonesia, agric income growth was far more important than sectoral reallocation, but income growth within non-ag also quite important

East Asia even does informality better ;-) For both China & Indonesia, income growth via (predominantly informal) self-employment accounted <75% of poverty reduction. For 🇨🇳 moving from wage work to self-employment was important. For 🇮🇩 within-self-employment more important

OMG this tweet with the photo I took of this antiquated chart from Elvin's famous 1973 book is now almost 11 years old !!! 😢😭🥹

You can unlock your account for half a year & not encounter trolls, tankies & fascists as long as they have no idea what you’re talking about (e.g., attacking fine points of NIEH). But talk about something even slightly topical (e.g. China) and they come out of the woodwork