Gambling on Development: Understanding Elite Bargain
Stefan Dercon | Professor of Economic Policy at the Oxford Blavatnik School of Government
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About this masterclass
Insights on why some countries have managed to settle on elite bargains favouring growth and development, and others did not
Nuances of managing between long-term and short-term development goals
Understanding the evolution of institutions, welfare and development
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Stefan Dercon is Professor of Economic Policy at the Blavatnik School of Government and the Economics Department, and a Fellow of Jesus College. He is also Director of the Centre for the Study of African Economies.
He combines his academic career with work as a policy advisor, providing strategic economic and development advice, and promoting the use of evidence in decision making. Between 2011 and 2017, he was Chief Economist of the Department of International Development (DFID), the government department in charge with the UK’s aid policy and spending. Between 2020-2022, he was the Development Policy Advisor to successive Foreign Secretaries at the UK’s Foreign, Commonwealth and Development Office.
His research interests concern what keeps some people and countries poor: the failures of markets, governments and politics, mainly in Africa, and how to achieve change.
His latest book, Gambling on Development: Why some countries win and others lose was published in May 2022. It draws on his academic research as well as his policy experience across three decades and 40-odd countries, exploring why some countries have managed to settle on elite bargains favouring growth and development, and others did not. Previously, Dull Disasters? How Planning Ahead Will Make A Difference was published in 2016, and provides a blueprint for renewed application of science, improved decision making, better preparedness, and pre-arranged finance in the face of natural disasters.