Regional trade policies ought to be coordinated and devised according to a principle of mutual benefit which is likely to engender African countries to move up the global value chain in a collaborative effort and consequently be weaned from their neo-colonial dependence on primary commodity exports, writes Thabo Chauke.
In the United Kingdom and around the world, neoliberalism is on trial, and the orthodoxy established by Margaret Thatcher and Ronald Reagan in the 1980s – to roll back the state and let the market work its magic – may indeed be guilty as charged. But will governments be given the tools and support they need to rehabilitate the defendant? writes Ngaire Woods.
In recent years, the world’s major central banks have pursued unprecedentedly easy monetary policies, characterized by ultra-low and even negative interest rates. These policies are turning out to be a classic bad equilibrium: each central bank stands to gain by keeping interest rates low, but, collectively, low rates constitute a trap from which none can escape, writes Kaushik Basu.
It was just another morning at this rundown village, a place where one would deduce, “Poverty couldn’t be any worse than this!” A place where a not-so-romantic past and a bland and unpleasant present mingle an bleak,
I have been thinking the past few days about physical disability and its place in our society. I had the opportunity to attend the past weekend a conference on the current status of polio and its various eradication measures.
Ethiopia and Nigeria have made some interesting announcement this week that makes it feel that the as though the continent is just getting a little closer to being as open to others as it is to its own population.
The Reporter: Why is the IMF in support of the devaluation of the Birr?
We support the authorities’ decision to devalue the Birr by 15 percent and raise deposit rates by two percentage points to seven percent, in the context of strong policy actions taken to improve the competitiveness of the Ethiopian economy and reduce external imbalances.