Economy

The Policy Center for the New South and the Atlantic Council Africa Center have jointly released a report on “The Reform of the Global Financial Architecture: Toward a System that Delivers for the South,” by Otaviano Canuto, Hafez Ghanem, Youssef El Jai, and Stéphane Le Bouder. This report issues specific and urgent calls for reform, including more representative global governance, increasing the World Bank’s operational and financial capacity, prioritizing programs that would inte ...

L'émergence fulgurante de l'intelligence artificielle (IA) représente un phénomène mondial, marqué par une croissance exponentielle des publications et des investissements massifs atteignant 189,6 milliards USD en 2021, contre environ 14,7 milliards en 2013. Cette accélération suscite une prise de conscience accrue de la nécessité pressante de mettre en place une gouvernance efficace de l'IA, comme en témoigne l'augmentation significative du nombre de projets de loi dédiés, passant ...

The writing of this Report started in november 2023 and benefited during six months from the quality of discussions in the Policy center. Paul Isbel, Professor at UM6P, was a relentless proofreader who generously brought his outstanding competence in economy and political economy. Stephen Gardner went beyond his role as linguistic proofreader and showed an admirable understanding of the substance at stake. Under the direct supervision of Professor Abdelaziz Aitali, the Economic Depa ...

The Internaional Monetary Fund World Economic Outlook, issued on April 16, projected China’s economic growth rate at 4.6% and 4.1% for, respectively, 2024 and 2025. In 2023, after China’s economic reopening with the end of the ‘zero-COVID’ policy, the rate was 5.2%, above the official target of 5% (Figure 1). For 2024, the official target has been set at 5% again. Notwithstanding the challenges we discuss here, China’s macroeconomic performance in the first quarter of 2024 has been ...

Prior to her visit to China on April 4—her second in nine months—Janet Yellen, United States Secretary of the Treasury, sent a message demanding that the country should not flood the world with cheap exports of clean energy. This would “distort global markets and harm workers abroad,” she said. According to a senior U.S. Treasury official, China’s excess industrial capacity and the government support that has fueled it were subject of discussion during her meeting with Chinese Premi ...

Un proverbe africain dit, seul on va plus vite ; ensemble on va plus loin. C’est dans cet esprit de l’action et du leadership collectifs que s’insère l’initiative de l’Afrique atlantique initiée par le Maroc et qui vise la création des conditions nécessaires pour la construction d’une région Afrique/Atlantique stable, prospère et tournée vers la mer. À cette première initiative s’est ajoutée une deuxième, celle de la facilitation de l’accès à la mer aux pays du Sahel, e ...

This paper was originally published on tandfonline.com   Unemployment hysteresis, where joblessness persists even after economic improvement, reveals the lasting impact of initial downturns. We delve into this puzzle in Morocco from 1999Q1 to 2019Q3, using four methods to examine the non-accelerating inflation rate of unemployment (NAIRU) time series for unit root causes. Across all methods, we consistently find a hysteresis effect. We also explore how inflation and NAIRU interact ...

Breaking Bonds, Forging Alliances On January 28, 2024, the military leaders of Niger, Mali, and Burkina Faso declared their joint intention to exit the Economic Community of West African States (ECOWAS), presenting three substantial criticisms against the regional organization. Their foremost claimed grievance was that ECOWAS has departed from its foundational vision, implying that foreign influences have diverted the regional organization from its essential values to the detriment ...