Labor migration and remittances may bring positive economic effects to developing countries. This is the case particularly in countries like those in Eastern Europe and Former Soviet Union members where remittances constitute high shares of foreign-currency revenues and GDP. There is nevertheless clear evidence of an untapped development potential associated with those flows of labor […]
Development
Agriculture will drive Africa’s rise to economic power
I was in Mali recently where I met a woman, Maimouna Coulibaly, who several years ago left her job in the United States and returned to her home country to start a seed company called Faso Kaba. She quickly and confidently ramped up production, from 100 tons per year to over 1,000. She is eager […]
Nigeria’s Renewed Hope for Democratic Development
When the Union Jack was lowered in Nigeria on October 1, 1960, the potential of Africa’s most populous nation seemed boundless—and that was before its abundant reserves of petroleum and natural gas were fully known. However, Nigeria has since underperformed in virtually every area. A massive fuel shortage, just days before the historic change in […]
African Economies to Grow 4.5% on Average in 2015
NAIROBI- Africa’s fitful and uneven economic growth will gain momentum this year and next, three prominent organizations said in a joint report released on Monday. Continue reading at: Wall Street Journal
Development in Private Sector Engagement in Developing Countries
This month marks the 70th anniversary of Victory in Europe Day—when Nazi Germany surrendered to the allied powers and World War II ended in Europe. This occasion is an important opportunity to reflect on how the postwar reconstruction plan shapes our current model of economic engagement with the developing world and to consider expanding the […]
What is the Role for the Private Sector in International Development?
A recent survey of over 1,300 development professionals by Devex.com found that 91% see business as a positive force in socio-economic development of poor countries. 81% think increasing private sector involvement in global development is ‘very important’. Clearly business is no longer seen as “part of the problem” as it once was – not too […]