Thanks Ademola for that interesting piece. I particularly like your emphasis on "smart subsidies" and not just subsidies. I should say that past experiences have made discussions on subsidies (of any kind) a very sticky one and such instructive pieces will help our engagement with the public considerably. Beyond the points you make, I believe we need to begin discussing the credibility requirements of institutions on whose back smart subsidies are built. It should not take much to realize that the effectiveness of any smart subsidy program depends entirely on the credibility of the institutions that rolls it out; the weaker the credibility, the more smarter the subsidy ought to be (right from the design stages) in order to avoid a speedy addition to the number of failed strategies in the global south.
Thanks Ademola for that interesting piece. I particularly like your emphasis on "smart subsidies" and not just subsidies. I should say that past experiences have made discussions on subsidies (of any kind) a very sticky one and such instructive pieces will help our engagement with the public considerably. Beyond the points you make, I believe we need to begin discussing the credibility requirements of institutions on whose back smart subsidies are built. It should not take much to realize that the effectiveness of any smart subsidy program depends entirely on the credibility of the institutions that rolls it out; the weaker the credibility, the more smarter the subsidy ought to be (right from the design stages) in order to avoid a speedy addition to the number of failed strategies in the global south.