A customer strolls into a bookstore, goes the popular Chinese joke, and tells the salesperson: “I’m looking for a book with no killers, but much bloodshed; with no love, but great regret; with no spies, but constant paranoia. Can you make a recommendation?” Just one, the salesperson replies: The State of the Chinese Stock Market. […]
Economy
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 […]
Opinion: Ensuring The World Bank’s Relevance
For decades, the World Bank stood alone in terms of size and influence in emerging market around the world— this is no longer the case. The world has changed considerably since the Bank first began to focus its lending and expertise on the developing world some 50 years ago. In the 1960’s, global capital markets […]
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 […]
Rwanda reaches for new economic model
KIGALI, Rwanda — On the 12th floor of the Kigali City Tower, a modern blue-glass office building on the side of one of this capital’s famous hills, the latest endeavor in the effort to transform a tiny rural economy into a financial and high-tech hub is trying to find its footing. New York Times