Africa is by no means destined to lag behind the rest of the world economy. On the contrary, it could easily become a global economic powerhouse – and within the next decade. But, to fulfill its economic potential, Africa must industrialize. Read Here – Project Syndicate The hardships of doing business in Africa
Trump’s decision to reach out to Modi, which preceded contact with the head of any major European nation, is significant. It’s hardly surprising that the two are simpatico. They come at each other on equal terms—as unrepentant patriots and guardians of economic national interest. Read Here – The National Interest
Calculated outrage is an old political trick, but nobody in the history of American politics has deployed it as aggressively, as repeatedly, or with such success as Donald Trump. If there is harsh law enforcement by the Trump administration, it will benefit the president not to the extent that it quashes unrest, but to the […]
One of the least enviable jobs in the world at the moment has to be that of Indian finance minister. Arun Jaitley will present his fourth annual budget to India’s Parliament on Wednesday amid terrible headwinds — mostly caused by his government’s bewildering and disruptive decision to invalidate 86 percent of India’s currency last November. […]
I learned three things on that evening in Burlington: In the fatherland of capitalism, anger with the elite is so vast that even leftists would rather vote for a narcissist billionaire than a veteran of the political establishment. In a country that values freedom of opinion higher than almost any other country in the world, […]
As he leaves office, Obama’s enormous economic accomplishments are tempered with the recognition of foregone opportunities. Disappointment among certain segments of the population has fueled the politics of anger and social divisions that go well beyond what would be expected and warranted based on actual economic performance. Read Here – Bloomberg
From China’s standpoint it probably doesn’t make much difference who wins the White House. Both Clinton and Trump have committed to bringing American manufacturing jobs home from China while offering no concrete, workable policies for doing so. Read Here – Al Jazeera
China’s labor productivity — output per hour worked — is at 15 percent to 30 percent of the average for countries in the Organization for Economic Cooperation and Development. Raising that productivity is a big potential source of economic growth. But it’s also a potential source of layoffs and uncomfortable societal changes. Read Here – BloombergView
There are strong commercial and geopolitical forces at play here, first among which is China’s vast industrial overcapacity – mainly in steel manufacturing and heavy equipment – for which the new trade route would serve as an outlet. As China’s domestic market slows down, opening new trade markets could go a long way towards keeping […]
With a population of over 204 million, the Indian state of Uttar Pradesh would be the fifth most populous nation in the world — after China, India, the US and Russia — if it were a separate country. But it would also be extremely poor, with very poor development indicators and high levels of deprivation. […]
