RELATED CONTENT : Economy

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    6:00 pm July 2022
    L’apparition de de la COVID-19 a engendré une crise sanitaire mondiale, qui s’est rapidement transformé à d’autres crises bouleversant le vécu des humains de par la planète. En ce qui concerne les marchés mondiaux, notamment du travail, les incertitudes ont fortement impacté les comportements des agents. Aussi, les mises sous restrictions, totales ou partielles, des facteurs de production ont eu leur incidence sur l’activité globale -via différents canaux -, y compris celle des acteurs du marché du travail. À court terme, la pandémie est synonyme de fortes perturbations pour les citoyens et les marchés du travail. Celles-là concernent les revenues et les dépenses des particuliers comme elles portent sur l’activité des entreprises et donc les dynamiques de création d’emploi et ...
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    3:00 pm February 2022
    Rising commodities prices are a common concern whether at the consumer level, or large industrials and fortune 500s. While the evolution of consumer prices was close to 2% in the USA and stuck below 1.5% in Europe pre-COVID, with oil prices and the direction of industrial metals and agricultural raw materials prices in decline, the current situation is just the opposite. Since economies bottomed out in June 2020, energy prices and non-energy commodities including agriculture and metals have soared even begging the question of whether we are entering a commodity super-cycle. Originally, this movement was initiated by constraints on the supply side: ramifications of weather events on crops, reduced supplies as a result of sanitary measures, tight oil production quotas etc. Logi ...
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    4:30 pm February 2022
    Les hostilités commerciales entre la Chine et les États-Unis, qui se sont intensifiées sous la présidence de D. Trump et qui se sont poursuivies sous l'administration américaine actuelle, marquent un tournant dans la libéralisation de l'économie mondiale depuis la fin de la Seconde Guerre mondiale. Le système commercial mondial est en ruine en raison de cette guerre commerciale, ainsi que du démantèlement du processus de règlement des différends de l'Organisation mondiale du commerce et des violations fréquentes des règles par ses membres. Cependant le système commercial d'après-guerre ne touche pas à sa fin ; il évolue plutôt vers un ensemble d'interactions commerciales plus compliquées, politiques et controversées. La nouvelle structure sera très probablement basée sur une O ...
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    5:30 pm February 2022
    Rida Lyammouri, Senior Fellow at Policy Center for the New South, will be speaking at the webinar “security and governence in africa: sahel and libya” organized by frica Study Group in partnership with The Middle East Institute. The security dynamics of the Maghreb and the Sahel are intertwined and the consequences of the Libyan conflict on the Sahel have been serious. Since its beginning in 2011, this conflict has triggered global concern about the economic, security, and geostrategic impacts on the Sahel. Current threats are posed by the illicit transfer, destabilizing accumulation, and misuse of arms, as well as the flow of armed groups and mercenaries. Despite considerable international efforts, especially by African countries, the Sahel is still experiencing one of the ...
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    2:00 pm February 2022
    Aomar Ibourk, Senior Fellow au Policy Center for the New South, interviendra lors d’une table ronde dans le cadre d’un webinaire de présentation du rapport « Paysage de l’emploi au Maroc » organisé par la Banque mondiale et le Haut-Commissariat au Plan. L’objectif du webinaire sera de présenter les résultats clés du rapport « Paysage de l’emploi au Maroc » par le Haut-Commissariat au Plan et par la Banque mondiale, suivi par une discussion sur les principaux faits saillants du rapport et la présentation des points de vue des différents panélistes sur le marché du travail marocain et les perspectives de l’emploi au Maroc. A l’issue de ces présentations, une table ronde de discussion autour du rapport sera animée. Cet évènement aura lieu le Lundi 14 Février 2022 à 14 :00 (GM ...
  • Authors
    Sous la direction de Abdallah Saaf
    July 16, 2024
    Disponible bientôt sur Livremoi.ma   Plusieurs raisons expliquent la création d’Établissements et d’entreprises publics (EEP). Aux facteurs économiques, industriels et de service public s’ajoutent des considérations idéologiques, politiques, et historiques. Quels peuvent être aujourd’hui le rôle et la place des EEP au Maroc, dans un système politique qui affirme tendre au pluralisme, dans un cadre économique marqué par le libre-échangisme fondé sur la propriété prive ...
  • Authors
    Sous la direction de
    July 12, 2024
    The report will soon be available for purchase.   The 2024 Annual Report on the African Economy is dedicated to monetary and financial issues on the Continent. There are three reasons for this choice. African economies are exposed to macro-financial instabilities partly generated by global monetary and financial turbulence. The Continent’s currencies and financial systems are engaged in very different dynamics, where routine methods and daring, if not risky, practices coexist. ...
  • Authors
    Aziz Ajbilou
    July 1, 2024
    This article aims at studying the changes in fertility rates in Morocco over time using available data from censuses and surveys conducted by High Commission for Planning (HCP), Ministry of Health, and National Observatory for Human Development (ONDH). Since 2010, fertility has shown a kind of stagnation or even a slight increase. This trend is more pronounced in urban areas, where the fertility rate for urban women was 1.8 children per woman in 2010, rose to 2.2 children per woman ...
  • Authors
    Inácio F. Araújo
    Rafael Feltran-Barbieri
    Fernando S. Perobelli
    Ademir Rocha
    Karina S. Sass
    Carlos A. Nobre
    June 27, 2024
    This paper was originally published in nature.com   Deforestation in the Brazilian Legal Amazon remains a challenge due to its detrimental effects on ecosystems and the associated increase in greenhouse gas emissions. Such deforestation can be driven by foreign demand in terms of international exports, as well as domestic demand. However, most efforts to quantify the associations between consumer markets and deforestation mainly consider international exports rather than domestic ...
  • Authors
    June 27, 2024
    The earth’s average surface temperature in May 2024 was higher than any other May on record, marking the twelfth consecutive such record-breaking month. According to the European Union’s Copernicus Climate Change Service, May’s temperature was 1.52 degrees Celsius above the pre-industrial average, while temperatures over the past twelve months have averaged 1.63°C above (Figure 1). Global sea surface temperatures have also set records over the past fourteen months.   Consider the e ...
  • June 27, 2024
    Ce document explore les dynamiques de l'intermédiation sur le marché du travail marocain, en mettant en lumière les frictions, l'efficience et la distance transactionnelle. L'intermédiation, essentielle pour réduire les obstacles et améliorer l'efficacité du marché, est analysée à travers plusieurs perspectives théoriques et pratiques, y compris la courbe de Beveridge et les modèles d'appariement. Le document détaille le rôle des services publics de l'emploi, notamment ...
  • June 24, 2024
    - The earthquake’s overall impact on growth is estimated to be around -0.24% of GDP in 2023. - Due to the spatial concentration of the earthquake, Al-Haouz province and the Marrakesh region experienced Gross Regional Product (GRP) losses of -10.2% and -1.3%, respectively. - The 120 billion Moroccan dirhams (MAD) recovery program will have only mild positive impacts on overall macroeconomic growth from 2023 to 2028 but will significantly benefit the High Atlas region due to the rea ...
  • June 19, 2024
    What is the economic impact of the September 8, 2023, Al-Haouz Earthquake? Economist Mahmoud Arbouch, co-author of the research paper, explains how the study quantifies economic loss and evaluates a five-year reconstruction plan, representing 8.5% of GDP. The study predicts a 0.24% GDP ...
  • June 19, 2024
    Le marché du travail marocain, marqué par un dynamisme démographique et économique, est confronté à des défis majeurs : un chômage persistant, une inadéquation entre les compétences et les besoins du marché, et une faible participation des jeunes et des femmes. Pour y répondre, l'État a mis en place des Politiques Actives du Marché du Travail (PAMT) à travers l'ANAPEC (Agence Nationale pour la Promotion de l'Emploi et des Compétences). Ce document analyse l'efficacité des programme ...
  • June 19, 2024
    Our Senior Fellow, Mr. Dominique Bocquet, presents his report, "Assessing Biden’s Presidency: A Method," offering a thorough analysis of President Joe Biden's administration. The report evaluates Biden's domestic and international policies, highlights key challenges and opportunities, a...
  • Authors
    Hung Tran
    June 19, 2024
    The Global South features prominently in the context of geopolitical rivalry and efforts by developing countries to change the current international economic and financial architecture. While there are questions about whether some countries—such as China or Russia—should be considered parts of the Global South (GS), it is obvious that Africa is at the center of the group. Different aspects of Africa—its potential, its reality, and its efforts to realize its potential—embody the chal ...
  • June 14, 2024
    Explore the evolution, impact, and future trends of digital currencies with our Senior Fellow, Mr. Otaviano Canuto. In this insightful video, he sheds light on how digital currencies are transforming global markets and what to expect in the coming years. ...
  • Authors
    June 13, 2024
    La généralisation de la protection sociale est une réforme sociétale très louable et constitue un pilier fondamental de l'État social au Maroc, ainsi qu'un levier essentiel pour améliorer le fonctionnement de l'État providence. Une des grandes forces de cette initiative réside dans la prise de conscience collective et l'engagement ferme des autorités publiques que nous observons aujourd'hui, en vue d'étendre la protection sociale à tous les citoyens pour promouvoir une i ...
  • Authors
    Mannat Jaspal
    June 11, 2024
    Carbon trading have long been touted as a silver bullet to channelise climate finance to African countries lacking the capital to support climate mitigation and adaptation efforts. The erstwhile ‘Kyoto Protocol’ and its successor ‘The Paris Agreement’, though much more comprehensive and wider in scope, both recognize the importance of carbon trading (a form of carbon pricing) in combatting climate change, and in the Paris Agreement the same is enshrined under Article 6 and its sub-c ...
  • Authors
    May 31, 2024
    President Biden's announcement of new tariffs on China, though not economically significant on its own, symbolizes the deepening decoupling of the U.S. and Chinese economies. These tariffs, supported by both major political parties, represent the latest step in a broader strategy that favors policy interventions over traditional free-market principles and aims to protect domestic workers, maintain technological leadership, and prioritize economic security. This policy brief discusse ...
  • May 24, 2024
    Africa has a wealth of natural resources, including minerals, agriculture, and energy commodities, which provides an opportunity for the financialization of these commodities on the continent, a concept that has gained global attention and sparked debate on the potential benefits and drawbacks. Although the financialization of commodities has been studied in various contexts, including in African countries, challenges such as liquidity constraints and market readiness have emerged a ...
  • May 22, 2024
    This Paper was originally published on sciencedirect.com The gender gap in education has been a significant concern for Moroccan policymakers and researchers, but the quantitative measurement of this gap has often been overlooked. This study specifically examines the gender gap in academic achievement in reading and mathematics at both the national and residential levels. The objective is to identify the factors that influence gender performance differences and their magnitude. To ...
  • Authors
    May 20, 2024
    Carbon pricing mechanisms are central to mitigating climate change. These mechanisms work by internalizing the costs associated with greenhouse gas emissions, thus encouraging emissions reductions and promoting technological progress in favor of sustainable alternatives. However, the implementation of carbon pricing mechanisms faces numerous complexities and challenges, especially in developing countries, given the potentially regressive impact of carbon pricing on low-income groups ...
  • Authors
    Mabingue Ngom
    May 17, 2024
    In today’s world, African governments face the challenge of not only providing basic services for their populations but also improving the quality of those services. However, resource constraints often make it difficult to provide high-quality services, creating a delicate balance between population growth, fiscal limitations and the pursuit of quality. This mission requires careful consideration and innovative solutions, especially in countries like Senegal. The Dilemma of Unmet S ...
  • Authors
    May 16, 2024
    L'intégration de l'Intelligence Artificielle (IA) en Afrique laisse entrevoir des perspectives prometteuses et pose des défis substantiels. Si certains pays du continent se distinguent par leur engagement et leurs avancées dans la préparation à l'adoption de l'IA, d'autres font face à des obstacles majeurs, tels que les inégalités structurelles et les fractures numériques. Cette disparité souligne la nécessité d'une approche inclusive et holistique pour garantir que tous ...
  • May 15, 2024
    En 2023, et selon le think tank américain « Atlantic Council », 114 pays ont engagé une réflexion sur La Monnaie numérique de banque centrale (MNBC). Cette réflexion concerne la MNBC de gros, visant à repenser l’interbancarité et la MNBC de détail, celle que la Chine développe avec un succès certain depuis 2014 avec son e yuan, réservé aujourd’hui au seul marché intérieur chinois, en attendant mieux. L’objet de ce Policy Brief est, tout d’abord, de rappeler que les MNB ...
  • Authors
    Bruce Byiers
    Saloi El Yamani
    May 14, 2024
    As the African Continental Free Trade Area (AfCFTA) enters its fifth year, the rules of origin for trade in goods are still being finalised, but the institutional architecture is nearly complete with increased capacity, technical committees and new supporting instruments. Despite this progress in AfCFTA ‘policy supply’, meaningful trade under the AfCFTA is still to begin. For this to happen, there must be ‘policy demand’ from the private sector to use the agreement’s range of protoc ...
  • Authors
    Abdelkhalek Touhami
    Dorothee Boccanfuso
    May 9, 2024
    L'idée d'un effritement de la classe moyenne marocaine est répandue, suggérant un glissement vers une classe aisée toujours plus riche et des classes plus pauvres ce qui sous-entend une augmentation de la polarisation dans la société. Cependant, aucune étude basée sur des données n'a été menée pour confirmer cette perception. Notre étude comble ce vide en analysant l'évolution de la classe moyenne entre 2012 et 2019. En utilisant la définition opérationnelle de Abdelkhalek (2014) de ...
  • Authors
    May 6, 2024
    The issue of environmental degradation represents a significant global challenge. It manifests in various forms, including physical alterations such as air pollution, ozone depletion, climate change, marine pollution and biodiversity loss. These changes are proven to be linked to human activities, such as energy production and consumption, tourism and agriculture. Additionally, factors like population growth and health and safety concerns contribute to environmental decline. Is Gro ...
  • May 2, 2024
    This article was originally published on tandfonline.com   This article explores the intricate relationship between economic growth and unemployment across multiple African countries, with a focus on estimating the Okun’s coefficient. Data from the International Labour Office (ILO) and the World Bank’s databases for 39 African nations were utilised. Two distinct methodological approaches, first differences and the Hodrick-Prescott (HP) filter, were employed to assess result robust ...
  • April 30, 2024
    This paper aims to quantify the economic loss from the earthquake that hit Morocco on September 8, 2023, and to evaluate the impact of the five-year reconstruction plan, that will account for roughly 8.5% of GDP. Given the geographically concentrated location of the earthquake, which hit some provinces in the central part of Morocco, the methodology used relies on an inter- province inter-industry Input-Output (IIO) table for Morocco. Assuming that the resources to be spent on infra ...
  • Authors
    April 29, 2024
    L’Agence française de développement (AFD) et le Policy Center for the New South (PCNS) ont réuni le  17 avril dans les locaux du PCNS, au campus de l’Université Mohammed VI Polytechnique (UM6P) de Rabat, les acteurs du partenariat public-privé dans le secteur de la formation professionnelle. Cet évènement a permis de mettre en lumière le modèle marocain de partenariat public-privé en la matière, notamment les Instituts de formation à gestion déléguée (IGD). Cet évènement s’est ten ...
  • Authors
    April 25, 2024
    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 ...
  • April 23, 2024
    نخصص حلقة الأسبوع من برنامج "حديث الثلاثاء" لموضوع تأنيث الهجرة في المغرب، من خلال دراسة وضع النساء المغربيات العاملات في مجال الفلاحة. استنادا إلى بحث ميداني أُجري في جهة سوس ماسة لاستقصاء الديناميات والتحديات التي تعترض هذه الفئة، مقارنة بوضع نظيراتهن المغربيات العاملات في القطاع ذاته...
  • April 18, 2024
    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 ...
  • April 18, 2024
    Dans cet épisode, nous accueillons M. Badr Mandri, Economiste au Policy Center for the New South qui partage son analyse sur « La Dette et développement en Afrique ». Plusieurs pays d'Afrique ont déclaré un défaut de paiement ou se sont engagés dans des initiatives de suspension du serv...
  • April 18, 2024
    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 ...
  • Authors
    April 17, 2024
    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 ...
  • Authors
    April 15, 2024
    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 ...
  • Authors
    April 9, 2024
    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 ...
  • April 8, 2024
    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 ...
  • Authors
    Imane Lahrich
    April 8, 2024
    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 ...
  • April 4, 2024
    Les fonds souverains en Afrique sont devenus des acteurs majeurs dans le domaine financier du continent. Ils représentent une diversité d'outils d'investissement engagés à la fois dans la recherche de profits et dans la promotion du développement socio-économique. Ils ne se contentent p...
  • April 03, 2024
    Step into the world of climate action with "Echoes of the Earth," featuring ADEL alumna Winnie Mutai from Kenya in an insightful episode on Climate Change Finance. In this discussion, Win ...
  • April 2, 2024
    يخصص مركز السياسات من أجل الجنوب الجديد حلقة برنامجه الأسبوعي "حديث الثلاثاء" لمناقشة موضوع الحضور الصيني في إفريقيا ومستقبل مبادرة الحزام والطريق. في ظل المساعي الصينية لتوسيع نفوذها عالمياً عبر التواجد في مناطق العالم المختلفة ذات أهمية جيواستراتجبة، تعد افريقيا واحدة من أهم القارات ا...
  • Authors
    Aziz Ajbilou
    April 1, 2024
    اعتمادا على مختلف البيانات المتوفرة لدى المندوبية السامية للتخطيط ووزارة الصحة والمرصد الوطني للتنمية البشرية، يهدف هذا القال إلى دراسة مراحل تطور الخصوبة في المغرب. وعليه فمن خلال دراسة هذه البيانات يتضح أن الخصوبة سجلت منذ سنة 2010 نوعا من الاستقرار أوبالأحرى ارتفاعا طفيفا وخاصة بالمناطق الحضرية، حيث ارتفع معدل الخصوبة من 1.8 طفل لكل امرأة سنة 2010 إلى 2.2 طفل لكل امرأة سنة 2019. وعلى العكس من ذلك، استمر معدل الخصوبة في الانخفاض في المناطق القروية إلى غاية سنة 2014، ليصل إ ...
  • Authors
    Aziz Ajbilou
    April 1, 2024
    En utilisant des données, disponibles, provenant des recensements et enquêtes réalisés par le Haut- commissariat au plan (HCP), le ministère de la Santé, et l’Observatoire national du développent humain (ONDH), cet article se propose d’étudier les changements dans le temps connus par la fécondité au Maroc. La tendance qui se dégage de l’évolution récente de ce phénomène est qu’il enregistre, depuis 2010, une sorte de stagnation, voire une légère reprise. Une tendanc ...
  • Authors
    Miguel Vazquez
    March 26, 2024
    Low-carbon hydrogen is a potential contributor to the goals defined in the Paris Agreement, i.e. limiting the increase in the global average temperature to 1.5°C above pre-industrial levels. The transformation of hydrogen production is a part of this effort, as current production methods in the hydrogen industry are carbon-intensive. To achieve net-zero scenarios, hydrogen production and consumption will need to change. Creating a pipeline of projects plays a central role in drivin ...
  • March 26, 2024
    يعتبر المجال القروي بالمغرب ركيزة من ركائز الهوية الوطنية، حيث يتسم بثراء ثقافي يتجلى في عاداته الاقتصادية الخاصة وتنوعه الجغرافي المكون من جبال وسهول وصحاري، إضافةً إلى تعدد المجتمعات وأنماط العيش المختلفة. فكيف يتميز المجال القروي عن المجال الحضاري؟ وكيف تطورت المظاهر الاقتصادية والسي...
  • Authors
    Tiago C. Peixoto
    Luke Jordan
    March 20, 2024
    Based on observable facts, this policy paper explores some of the less- acknowledged yet critically important ways in which artificial intelligence (AI) may affect the public sector and its role. Our focus is on those areas where AI's influence might be understated currently, but where it has substantial implications for future government policies and actions. We identify four main areas of impact that could redefine the public sector role, require new answers from it, or both. The ...
  • Authors
    March 13, 2024
    Le 20 février 2024, le Policy Center for the New South et la Banque mondiale ont mis à profit  l’organisation d’un événement pour échanger sur les résultats d'une récente évaluation du partenariat entre le Royaume et l’institution de Bretton Woods . Cette rencontre a été l’occasion de revenir sur les accomplissements, les défis rencontrés et les opportunités à venir afin d’orienter la collaboration future entre les deux parties. Au cours des 15 dernières années, le Maroc et la Banq ...
  • Authors
    Zakaria Elouaourti
    March 8, 2024
    This paper was originally published on sciencedirect.com   Our study aims to investigate the role of financial inclusion as a mediator in the relationship between contextual factors and entrepreneurial willingness in Africa. While previous research has emphasized the importance of improving institutional and contextual factors to foster entrepreneurship, our study adds a new dimension by highlighting the critical need for tailored financial services that can cater to the unique ne ...
  • Authors
    March 4, 2024
    This blog was originally published on huawei.com   What impact do you think ICT and connectivity can have in fighting global poverty? At the World Bank we had a very enthusiastic and optimistic view on the potential impact of technology and ICT. Brazil had a cash transfer program for poorer families where households received money directly from the government, regardless of whether they had bank accounts. The money was not distributed by hand but done electronically: the governme ...
  • March 01, 2024
    This podcast tackles the intricacies of Biden’s presidency from a political economy standpoint. Our guests initially discuss the degree to which it can be argued that US democracy has rec ...
  • March 1, 2024
    This paper examines Brazil's economic growth patterns over the last three decades and identifies a missed opportunity for the country to attain high-income status by the mid-2010s. Instead, Brazil has suffered from low productivity growth, and has made little progress in transforming its production and export structures in favor of higher value-added activities. This premature de-industrialization makes it challenging for Brazil to transition from its long- standing upper-middle-inc ...
  • Authors
    Hung Tran
    February 23, 2024
    Heightened geopolitical rivalry has greatly complicated the challenges facing the Global South. Countries identifying with the Global South now have to deal with the long-standing problem of promoting changes in the current international political and economic system to better serve their development needs, while navigating the geopolitically driven fragmentation of trade and investment flows. Moreover, the strategic approaches that could be adopted to deal with those challenges are ...
  • February 20, 2024
    Le Policy Center for the New South et le Groupe d'évaluation indépendante (IEG) de la Banque mondiale organisent un évènement sous le thème «La Banque mondiale au Maroc : apprendre et s'adapter pour avoir un impact ». L'événement examine les conclusions d'une évaluation récente du sou...
  • Authors
    Amshika Amar
    February 16, 2024
    When countries face external financial shocks, they must rely on financial buffers to counter such shocks. The global financial safety net is the set of institutions and arrangements that provide lines of defense for economies against such shocks. From any individual country standpoint, there are three lines of defense in their external financial safety nets: international reserves, pooled resources (swap lines and plurilateral financing arrangements), and the International Monetar ...
  • Authors
    February 14, 2024
    Greater female participation in the labor market and in international trade have been recognized as important drivers for economic growth and essential targets in the context of the United Nations Sustainable Development Goals (SDGs). However, achieving both targets simultaneously will be difficult, if not impossible, in most Middle East and North African (MENA) countries without additional policies to eliminate the remarkably high levels of gender inequality in the labor market. I ...
  • Authors
    Ali Elguellab
    Elhadj Ezzahid
    February 12, 2024
    Dans ce rapport, nous proposons d’utiliser une nouvelle approche pour analyser les structures productives au Maroc. Nous appliquons les outils de la théorie des réseaux aux tableaux des échanges inter-industriels de l'économie marocaine. Nos résultats montrent que le réseau national de production présente des caractéristiques intuitives dans le sens qu’elles sont liées aux processus de production. La structure de ce réseau peut être représentée sous la forme d'un papillon, avec les ...
  • Authors
    Roxy Ndebumadu
    February 9, 2024
    Councilwoman Roxy Ndebumadu is a technology entrepreneur, and special advisor on beneficial AI, online safety and emerging technology. As a two term-elected official, she represents the City of Bowie, the fifth largest city in Maryland. She is also a 2023 alumna of the Atlantic Dialogues Emerging Leaders program. Learn more about her here. Amidst the churning tides of globalization, in which currents of tradition meet the winds of change, there is a call for a new international c ...
  • February 8, 2024
    Depuis 2016, on assiste à une dynamique de création de fonds souverains africains. En 2023, on recense 21 pays et 24 fonds souverains. Sur la seule période 2016-23, celle de la deuxième vague, huit pays vont se doter d’un premier fonds souverain, et d’un deuxième, dans le cas du Maroc, en 2022. Cette étude rappelle tout d’abord l’historique d’une création qui commence, dès 1994, au Botswana, avec le Pula Fund, précisant pour chacun des 24 fonds leur date de création, leur ...
  • February 6, 2024
    يخصص برنامج "حديث الثلاثاء" حلقة هذا الأسبوع لمناقشة موضوع التحديات العالمية الكبرى التي تواجهها البنوك المركزية. إذ تقف هذه المؤسسات المالية عند مفترق طرق حيث تواجه عدة عقبات في السنوات الأخيرة، منها التضخم وارتفاع معدل الفائدة والآثار المالية الراجعة إلى تغير المناخ وكدى تأثير عدم الم...
  • February 02, 2024
    In this podcast, Mr. Ferid Belhaj, Vice President - Middle East North Africa, World Bank Group shares his insights around the key takeaways from the Annual Meetings 2023 as well as his vi ...
  • Authors
    Zakaria Elouaourti
    January 31, 2024
    This Paper was originally published on onlinelibrary.wiley.com This study aimed to unveil the evolving landscape of digital financial inclusion in African countries during the post-COVID-19 era. We examined factors influencing the access and usage of digital financial services and identified population segments facing increased exclusion due to the digital divide. First, by applying principal component analysis to data collected at the country level from 39 African countries in 201 ...
  • Authors
    January 31, 2024
    En octobre 2023, la Chine a organisé le 3ème forum de l'Initiative « Ceinture et Route ». Le choix de la date n’était pas anodin, étant donné qu’elle coïncidait avec la célébration du 10ème anniversaire de l'Initiative. Une initiative aux multiples composantes L’Initiative « Ceinture et Route », également connue sous l’acronyme BRI (Belt and Road Initiative), a été initialement conçue pour permettre à la Chine de renforcer ses liens commerciaux avec les Etats partenaires de son I ...
  • Authors
    Mohamed Bassi
    January 30, 2024
    يتفحص هذا الموجز السياسي البحث الاقتصادي في إفريقيا بناءً على معطيات من منصة ورقات بحث في الاقتصاد. ويدرس إنتاجية الباحثين المنتسبين إلى المؤسسات الإفريقية، حيث أن بعضها غزير الإنتاج، بينما يظل المعدل الملاحظ على المستوى القاري أقل من المعايير الدولية. ونتيجة لذلك، لا تزال مساهمة إفريقيا في البحوث الاقتصادية العالمية متواضعة على الرغم من التحديات الاقتصادية الكبيرة التي تواجهها القارة. ثم تتناول الورقة مواضيع البحث الغالبة من خلال تحليل شفرات دراسات اقتصادية جديدة ومجلة الأدبيات الا ...
  • Authors
    Ilham Najib
    January 29, 2024
    Morocco is positioned as a new global hub of the automotive industry in an increasingly volatile international context, with various emerging countries competing intensively to gain the best returns on openness and globalization. The Moroccan automotive industry’s recent performance shows it to be the most dynamic sector in the economy: from 2014 to 2019, value-added in the automotive sector increased by almost 70% while the overall national value-added increased by only 15%. In the ...
  • January 26, 2024
    Since the 1980s, financial activities and assets have gained significant prominence in the global economy, surpassing the growth rate of underlying economic activity measured by global GD ...
  • Authors
    January 26, 2024
    Artificial intelligence (AI) is the name given to the broad spectrum of technologies by which machines can perceive, interpret, learn, and act by imitating human cognitive abilities. Automation was created to better fulfill repetitive tasks, increasing productivity. AI, with its impressive rate of evolution, can produce new content: texts, images, new computational codes, possibly medical diagnoses, interpretations of data, and so on. It is no coincidence that an AI-based technolog ...
  • Authors
    João Gabriel Sacco
    January 23, 2024
    - Brazil’s latest tax reform will replace five taxes on consumption with one single VAT to promote greater efficiency and sectoral isonomy. - Forecasts produced by a detailed ICGE model point to sizeable gains in GDP exceeding 4% in the long run, even if spatially unequal. - Exceptions to the rules reduce potential benefits in efficiency terms. - Policies meant to promote regional development and close the gap deepened by the reform partially achieve their goal at the expense of ...
  • Authors
    January 23, 2024
    The annual World Economic Forum took place in Davos, Switzerland, from January 15-19. Every year for 54 years, a global business elite has traveled there, whether to interact with customers and suppliers, with intellectual leaders on broad topics or, in an informal environment, with the representatives of governments and multilateral authorities who attend. Nothing is deliberated, of course, but over time the forum has established a reputation as a stage from which announcements ar ...
  • Authors
    General Rapporteur
    January 22, 2024
    The Africa Economic Symposium (AES) is the Policy Center for the New South’s new major conference, alongside the renowned Atlantic Dialogues and the African Peace and Security Annual Conference (APSACO). AES aspires to be a continent-wide annual gathering of prominent economists, policymakers, and academics, which will bring together global and continental perspectives on the issues shaping the future of Africa’s economic development. The global economy is going through a period of ...
  • Authors
    Soukaina Raoui
    January 22, 2024
      This Paper was originally published on bera-journals.onlinelibrary.wiley.com   As a specific driver for the transformation of education systems in Morocco, inclusive education is a process that aims to reduce the exclusion of children with disabilities. Indeed, few studies have analysed the exclusion factors that cause children with disabilities not to pursue their education. Based on this, the present paper explores the spatial effect of factors related to accessibility and sc ...
  • Authors
    January 19, 2024
    La pandémie de la Covid-19 était venue contribuer au ralentissement de la cadence des investissements chinois dans le cadre de l’Initiative Ceinture et Route « Belt and Road Initiative (BRI) ». Entamée dès 2016, cette tendance à la baisse a été accentuée par les tensions géopolitiques et les problèmes internes qui ont affecté l'économie chinoise. Nonobstant ces contre-temps, la Chine a atteint l’un de ses plus grands objectifs : étendre son influence à travers le monde. À l’occasion ...
  • Authors
    January 12, 2024
    A 2023 United Nations progress report (UN, 2023) showed that, of the 169 targets that make up the Sustainable Development Goals (SDGs), only 15% are on track, and progress on many has either stalled or regressed. The Water-Energy-Food nexus approach has highlighted the utmost importance of understanding the interconnections between systems in order to accelerate the achievement of the SDGs. In this policy brief, we use the lessons learned from the water sector through a case study f ...
  • Authors
    Elhoussaine Wahyana
    January 12, 2024
    The debate on global value chains (GVCs) has emphasized countries’ contributions to value-added creation. From an intercountry perspective, a new body of research is addingto this debate by studying how subnational regions contribute to the indicators in specific countries. Proper assessment of economic contributions is essential for designing incentive policies. This paper analyzes the role played by the main trading partners of Moroccan regions in local value chains. We use input- ...
  • Authors
    January 2, 2024
    This paper was originally published on The South African Institute of International Affairs (SAIIA) In order for Africa to raise living standards, create employment for youth and diversify exports, it must industrialise. Until recently, sub-Saharan African (SSA) countries made limited progress in manufacturing value addition and employment, mirroring the de-industrialisation trend seen in many developing countries. To propel industrialisation, SSA countries should adopt flexible st ...
  • Authors
    January 2, 2024
    The Belt and Road Initiative (BRI), launched by Xi Jinping, passed its tenth anniversary in 2023. It has entered a third phase. The initiative added a label to China’s financing and construction of infrastructure abroad, which had already totaled more than $400 billion in the previous 10 years. In addition to the use of investment projects as part of Chinese ‘soft power’, the BRI has served to increase levels of usage of the country’s excess installed capacity. China’s economic re ...
  • Authors
    Ana Maria Bonomi Barufi
    Peter Nijkamp
    December 29, 2023
    This Paper was originally published on onlinelibrary.wiley.com   This study aims to shed new empirical light on the importance of the wage curve in a developing economy. The main contribution to the empirical literature is related to the analysis being conducted at different regional levels of a developing economy. This indicates that municipal-level data seems to be more adequate for wage curve evaluation, and that spatial dependency should be considered to adequately control for ...
  • December 28, 2023
    In this episode, we interviewed Mr. Arkebe Oqubay Metiku, British Academy Global Professor, SOAS University of London around Africa's industrial policies and their impact on growth. We discussed key elements such as innovation, regional collaboration, sustainability, and intellectual pr...
  • December 26, 2023
    في ختام هذا العام، يُخصص مركز السياسات من أجل الجنوب الجديد حلقة خاصة من برنامجه الأسبوعي"حديث الثلاثاء"، لاستعراض أبرز تطورات الاقتصادية خلال عام 2023. هذا العام شهد تحولات عديدة وتحديات غير اعتيادية ، فكيف أثرت هذه التغيرات على الاقتصادات العالمية؟ وما هو الدور الذي أضافته الجغرافيا ا...
  • December 19, 2023
    يخصص مركز السياسات من أجل الجنوب الجديد حلقة خاصة من برنامجه الأسبوعي "حديث الثلاثاء" لمناقشة اشكالية المديونية في الجنوب : الواقع والافاق. حلقة خاصة في اطار النسخة الثانية عشر لمؤتمر الحوارات الأطلسية الدي ينظمه مركز السياسات من أجل الجنوب الجديد كل سنة، والتي اقيمت بمراكش بعد شهرين م...
  • December 15, 2023
    Global economies leaders are increasingly embracing economic nationalism, and under current circumstances, this trend has the potential to become the dominant norm. Since the global financial crisis, developed economies have started to adopt inward economic policies as a means of foster...
  • December 15, 2023
    The concept of brain drain pertains to migration economics and the international competition for talent. Since the 1960s, it has evolved into a developmental concern for both developing countries sending migrants and developed countries receiving them. When considering the potential adv...
  • Authors
    Edited by
    Paolo Magri
    Samir Saran
    December 13, 2023
    In a world confronted with unprecedented challenges and growing geopolitical rifts, is it time for a reformed and more balanced international order? What are the new propositions by the "Global South"? Are they necessarily at odds with the ones of the 'West"? Guided by these questions, 2023 marked a milestone for the “Global South” as the BRICS group invited 6 other countries to join the club, and India presided over of the G20 just after Indonesia and before Brazil. Seeking to answ ...
  • Authors
    Inácio F. Araújo
    Fernando S. Perobelli
    December 11, 2023
    This Paper was originally published on sciencedirect.com   From a time-space perspective, we assess the effects of geographical proximity on technological convergence over time identifying proximity dimensions associated with countries’ technological similarities. We compare a time series of input-output coefficients for 66 different countries extracted from the 2021 edition of OECD Inter-Country Input-Output to verify whether nearby countries are more likely to share similar tech ...
  • December 8, 2023
    In this interview, Dr. Harinder Kohli, Founding Director and Chief Executive of the Emerging Markets Forum discusses the escalation of interest rates in the U.S. has consistently instilled a sense of apprehension in emerging markets, given the conventional outcome of capital outflows re...
  • December 5, 2023
    في حلقة هذا الأسبوع سنحاول مناقشة موضوع القطاع غير المُهيكَل في المغرب، أبرز التحديات وأفاق المستقبل. حيث أن ظاهرة العمالة غير الرسمية أصبحت تأخذ حيزا كبيرا في مختلف النقاشات العالمية الدائرة حول مسألة التنمية، والمغرب يعد من بين الدول التي تبقى فيها الظاهرة عند مستويات مرتفعة كون منظو...
  • November 30, 2023
    This Chapter was originally published on Cape Town Chronicles   The history of debt in Africa is a long and painful one. It began in the 1980s, when the public finances of most developing countries deteriorated following two episodes of oil shocks, leading to a "lost decade" of low growth, increased poverty, and political instability. The recovery from the debt crisis only became possible following initiatives in favour of heavily indebted poor countries (HIPC) and the Multilatera ...
  • November 30, 2023
    In this episode, we dive into the pressing necessity for climate initiatives in Africa. Despite its minimal global emissions, Africa grapples with severe climate challenges and a substantial funding shortfall. Yet, as obstacles persist, including the disconnect between investor expectat...
  • November 29, 2023
    To emphasize the importance of addressing this issue and discuss the potential actions that need to be taken to ensure food security and sustainable development in these nations, the Policy Center for the New South is organizing a webinar titled “Rising Food Prices: Understanding the Im...
  • November 28, 2023
    This Working Paper was originally published on erf.org.eg Like many developing countries, Morocco faced a significant increase in public debt following the COVID-19 pandemic. In 2022, Central government debt reached 69.6% of GDP, up from 60.3% in 2019, highlighting the need for a thorough analysis of debt sustainability. This paper examines the main trends in the Moroccan economy over the past two decades, including growth performance, monetary policy and financial conditions and e ...
  • November 24, 2023
    Debt in the Global South was a key point of discussion during the last annual meetings of the World Bank and International Monetary Fund which took place in Marrakesh on October 2023. Whi ...
  • November 22, 2023
    As part of the webinar series: “The Global Economy in Transition : Implications for Developing Countries”, the Policy Center for the New South is organizing a webinar titled: " The Future of Central Banks in Emerging Markets and Developing Countries” to contribute to the debate around t...
  • Authors
    November 21, 2023
    Multiple shocks faced by the global economy over the past three years have apparently shaken the conventional wisdom on gains from economic integration, and have sparked widespread calls for protectionist and nationalist policies. Is there already evidence of some ‘deglobalization’, or do the factors that underlie globalization remain strong enough despite the shocks? So far, there are no signs of an overall reversal in the long-term trend of greater global trade integration. Howev ...
  • November 14, 2023
    This Policy brief was originally published on erf.org.eg Like many emerging and developing economies, Morocco has experienced a significant increase in public debt since the COVID-19 pandemic. Central government debt reached 69.6 percent of GDP in 2022, up from 60.3 percent in 2019, and overall public debt increased to 82.5 percent of GDP in 2022, well above the presumed critical threshold of 60 percent. Therefore, it becomes crucial to conduct a comprehensive debt sustainability a ...
  • Authors
    Touhami Abdelkhalek
    Dorothee Boccanfuso
    November 8, 2023
    Public policies, particularly those related to taxes and subsidies, should help to reduce poverty and inequality. However, the combination of components of these two systems, as implemented, leads sometimes to an increase in poverty and or inequality without being necessarily anticipated. In this policy brief, based on data from the 2019 wave of the Enquête Panel de Ménage from the Observatoire National du Développement Human from Morocco, we first highlight the influence of taxes ...
  • November 7, 2023
    يخصص مركز السياسات من أجل الجنوب الجديد حلقة برنامجه الأسبوعي "حديث الثلاثاء" لمناقشة مستقبل توسّع مجموعة البريكس بعد قمّة 2023 بين الحوافز وحدود الفاعلية: أي آفاق للجنوب؟ بعد انعقاد القمة الخامسة عشرة للاقتصادات الناشئة الخمس (البرازيل وروسيا والهند والصين وجنوب أفريقيا)، قامت المجموعة...
  • Authors
    November 2, 2023
    The global economic environment has changed as the U.S.—and to a less confrontational degree, the European Union—have clearly established a context of technological rivalry with China. Hindering China’s progress in the sophistication of semiconductor production has become a centerpiece of current U.S. foreign policy. While the U.S. is clearly winning the semiconductor war, the picture is different when it comes to clean-energy technology. Both technology wars overlap with access to ...
  • Authors
    November 2, 2023
    Le 1er octobre 2023 a marqué le début de la phase transitoire du Mécanisme d'Ajustement Carbone aux Frontières (CBAM en anglais) de l'Union européenne (UE). L'objectif de cette initiative est d'instaurer une tarification du carbone sur les biens importés qui soit équivalente à celle appliquée aux biens produits au sein de l'UE, visant ainsi à réguler les émissions de carbone. Cette démarche implique la mise en place d'un ensemble d'obligations de déclaration et de conformité pour le ...
  • Authors
    Ali Elguellab
    Elhadj Ezzahid
    November 1, 2023
    The role of the production network in shock propagation has been an issue of considerable interest since the Great Recession. However, the empirical literature has only focused on advanced and emerging countries. This paper aims to contribute to filling this gap by examining the case of Morocco, a developing country belonging to the lower-middle-income group. The question is whether its production network is a factor in amplifying idiosyncratic industry-level shocks or, conversely, ...
  • Authors
    October 26, 2023
    The Brazilian economy is stuck in a so-called middle-income trap—growth that stalled long before Brazil caught up with the living standards of the highly industrialized countries. After exhibiting a stellar performance in the decades before the 1980s, the economy has since been unable to sustain growth for long periods. The predicament can be summarized using a medical analogy: Brazil has been suffering from both productivity anemia and public sector bloat. On the one hand, it hasn ...
  • Authors
    Jean Louis-Sarbib
    October 18, 2023
    Addressing inequalities in all their forms has emerged as one of the major global challenges faced by numerous countries across the globe, particularly in Africa. In a context where Africa faces many pressing challenges that are the subject of much analysis (Sarbib et al. 2022), there is a clear gap in conducting comprehensive reviews focused on inequalities, partly due to the lack of available data. Inequalities, which are both consequences and partial causes of poor development o ...
  • October 13, 2023
    Chair: Masood Ahmed, President, Center for Global Development (CGD) Speakers: Niels Annen, Parliament State Secretary, Ministry of Economic Cooperation, Germany Michael Hugman, Director, Climate Finance, Climate Children's Investment Fund Foundation Avinash Persaud, Advisor, Prime...
  • October 13, 2023
    ChairJorgelina A. do Rosario, Emerging Market Correspondent, Thomson Reuters Speakers Barry Eichengreen, Professor of Economics, University of California Berkeley Martin Guzmán, Co-President, Initiative for Policy Dialogue, Columbia University Nandalal Weerasinghe, Governor, Central...
  • Authors
    Xiaofeng Wang
    October 13, 2023
    The surprising victory of Javier Milei, the unconventional ‘anarcho-capitalist’ candidate, in the August primaries ahead of Argentina’s October 2023 general election, can be largely credited to his commitment to dollarize the Argentine economy, a move perceived as the ultimate solution to bring an end to the nation's economic turmoil. The potential shift from the local currency to the dollar has sparked concerns about Argentina's bilateral currency swap line with China. This swap l ...
  • October 12, 2023
      Chair                           - Donald Kaberuka, Former President, African Development Bank (AfDB) Presenter              - Hamza Saoudi, Senior Economist, Policy Center for the New South (PCNS) Discussants                 - Ted Ahlers, Director, Africa and the Middle East, Ce...
  • October 12, 2023
    Keynote Address: The Role of Morocco in Africa’s Development - Ryad Mezzour, Minister of Industry and Trade, Morocco   Closing Session - Ryad Mezzour, Minister of Industry and Trade, Morocco   - Montek Singh Ahluwalia, Former Deputy Chairman, Planning Commission of India - Suma C...
  • October 12, 2023
    Président   - Nobumitsu Hayashi, Gouverneur, Banque japonaise pour la coopération internationale (JBIC) Présentateur - Rajat Nag, Distinguished Fellow, Emerging Markets Forum (EMF) Discutants - María Eugenia Brizuela de Avila, Directrice, Inversiones Vision - Larabi Jaïdi, Senior Fellow...
  • October 12, 2023
    Chair: Arend Kapteyn, Global Chief Economist, UBS Speakers: Robert Holzman, Governor, Central Bank of Austria Huw Pill, Chief Economist, Bank of England Chiara Scotti, Senior Vice-President, Federal Reserve Bank of Dallas Axel Weber, President, Center for Financial Studies ...
  • October 12, 2023
    Chair                           - Nobumitsu Hayashi, Governor, Japan Bank for International Cooperation (JBIC) Presenter - Rajat Nag, Distinguished Fellow, Emerging Markets Forum (EMF) Discussants - María Eugenia Brizuela de Avila, Director, Inversiones Vision - Larabi Jaïdi, Seni...
  • October 12, 2023
    Chair: Ousmène Mandeng, Advisor, Accenture Speakers: John Rolle, Governor, Central Bank of The Bahamas Wolfram Seidemann, CEO at Giesecke+Devrient Currency Technology Leong Sing Chiong, Deputy Managing Director, Monetary Authority of Singapore Cecilia Skingsley, Head of the Innovat...
  • October 12, 2023
    Keynote Address: The Role of Morocco in Africa’s Development - Ryad Mezzour, Minister of Industry and Trade, Morocco   Closing Session - Ryad Mezzour, Minister of Industry and Trade, Morocco   - Montek Singh Ahluwalia, Former Deputy Chairman, Planning Commission of India - Suma C...
  • October 12, 2023
    Président - Fathallah Oualalou, Senior Fellow, Policy Center for the New South (PCNS) Introduction   - Kevin Cleaver, ancien vice-président associé, Fonds international de développement agricole (FIDA) Intervenants   - Jennifer Blanke, Vice-présidente, Fondation Syngenta pour l'agricult...
  • October 12, 2023
    The African continent has long been a focal point for discussions surrounding economic development, global finance, and international cooperation. With the ever-changing global economic landscape and the emergence of new financial paradigms, it is imperative to explore how Africa positi...
  • October 11, 2023
    Chair                           - Anoop Singh, Distinguished Fellow, Centre for Social and Economic Progress (CSEP) Introduction                - Michel Camdessus, Former Managing Director, International Monetary Fund (IMF) - Online Discussants                 - Masood Ahmed, Presi...
  • October 11, 2023
    Une historienne qui s'intéresse à l'économie, une économiste qui s'intéresse à l'histoire.   Le 9 octobre 2023, l'Académie suédoise a nominé une femme, Professeure à l'Université d'Harvard, Claudia Goldin, spécialiste du travail et de l'histoire économique. Nominée, comme le précise l'Académie, pour « avoir fait progresser la compréhension de la situation des femmes sur le marché du travail  ». Deux femmes, seulement, depuis la création du Prix Nobel de l’Économie, en ont été laur ...
  • October 11, 2023
    Réforme du système multilatéral : Rapport du groupe d'experts indépendants (GEI) du G20 sur le renforcement des banques multilatérales de développement (BMD) Président   - Suma Chakrabarti, présidente du conseil d'administration de l'ODI, Royaume-Uni Présentateur   - N.K. Singh, préside...
  • October 11, 2023
    Président du conseil d'administration   - Anoop Singh, chercheur émérite, Centre pour le progrès social et économique (CSEP) Introduction   - Michel Camdessus, ancien directeur général, Fonds monétaire international (FMI) - En ligne Discutants   - Masood Ahmed, Président, Center for Glo...
  • October 11, 2023
    Introduction à la structure et aux principaux thèmes du Forum - Harinder Kohli, directeur fondateur et directeur général, Forum des marchés émergents (FEM) Session de dialogue - Vision sur les perspectives politiques et économiques mondiales Modérateur - Harinder Kohli, directeur fondat...
  • October 11, 2023
    Président du conseil d'administration   - Suma Chakrabarti, présidente du conseil d'administration de l'ODI, Royaume-Uni Présentateur   - N.K. Singh, président de la quinzième commission des finances de l'Inde ; coprésident du groupe d'experts du G20 sur les banques multilatérales de dé...
  • October 11, 2023
    Introduction à la structure et aux principaux thèmes du Forum - Harinder Kohli, directeur fondateur et directeur général, Forum des marchés émergents (FEM) Session de dialogue - Vision sur les perspectives politiques et économiques mondiales Modérateur - Harinder Kohli, directeur fondat...
  • October 11, 2023
    Chair: Abdelaaziz Ait Ali, Head of Economic Research, Policy Center for the New South Opening: Sara Burke, Senior Policy Analyst, Friedrich Ebert Stiftung, New York Speakers: Paola Subacchi, Professor of International Economics and Chair, Advisory Board, Global Policy Institute, Quee...
  • October 11, 2023
    Opening Remarks Karim El Aynaoui, Executive President, Policy Center for the New South (PCNS) Marc Uzan, Executive Director, Reinventing Bretton Woods Committee (RBWC)   Session 2: A High-level Conversation Chair: Arend Kapteyn, Global Chief Economist, UBS Speakers:     Michelle...
  • October 11, 2023
    Réforme du système monétaire international Président   - Anoop Singh, Distinguished Fellow, Centre pour le progrès social et économique (CSEP) Introduction   - Michel Camdessus, ancien directeur général, Fonds monétaire international (FMI) - En ligne Discutants   - Masood Ahmed, Préside...
  • October 11, 2023
    Changement climatique : Le grand défi - Comment les économies émergentes pourraient-elles financer leur transition vers le Net Zero ? Président   - Indermit Gill, économiste en chef et premier vice-président pour l'économie du développement, Groupe de la Banque mondiale Présentateur   -...
  • October 10, 2023
    - Montek Singh Ahluwalia, Former Deputy Chairman, Planning Commission of India - Karim El Aynaoui, Executive President, Policy Center for the New South (PCNS) - Enrique Garcia, Former President and CEO, CAF - Development Bank of Latin America - Harinder Kohli, Founding Director and C...
  • October 10, 2023
    Chair                           - Karim El Aynaoui, Executive President, Policy Center for the New South (PCNS) Discussants - Erik Berglof, Chief Economist, Asian Infrastructure Investment Bank (AIIB) - Roberto de Ocampo, Chairman and CEO, Philippine Veterans Bank - Roberto de Oliv...
  • October 10, 2023
    Session d'ouverture : Remarques préliminaires des coprésidents - Montek Singh Ahluwalia, ancien vice-président de la Commission de planification de l'Inde - Karim El Aynaoui, président exécutif, Policy Center for the New South (PCNS) - Enrique Garcia, ancien président et directeur gé...
  • Authors
    Federica Alfani
    Dominique Fayad
    Gregory Auclair
    Dániel Baksa
    Hippolyte Balima
    David Bartolini
    Chakib Benmoussa
    Olivier Bizimana
    Aleš Bulíř
    Moëz Cherif
    Fabio Clementi
    Ananta Dua
    Javier Díaz-Cassou
    Michele Fabiani
    Lisa Kolovich
    Chiara Maggi
    Carole Megevand
    Vasco Molini
    Anta Ndoye
    Lorraine Ocampos
    Maximilien Queyranne
    Francisco Roch
    Enzo Valentini
    October 9, 2023
    This book was originally published on elibrary.imf.org   Throughout the past two decades, Morocco has faced several external and domestic shocks, including large swings in international oil prices, regional geopolitical tensions, severe droughts, and most recently the impact of the pandemic and the economic fallout from Russia’s invasion of Ukraine. Despite rough waters, the government stayed the course and remained focused not only on immediate stability, but also on the long-ter ...
  • October 9, 2023
    This paper was originally published on mdpi.com   The labor market can be a daunting place for young graduates; this paper aims to shed light on how they navigate it. By examining the ways in which they enter the workforce and the impact of individual and socioeconomic factors on their career paths, we gain a deeper understanding of the challenges they face. We use a two-stage approach to study this issue: first, we create a typology of graduates’ integration paths and then estima ...
  • Authors
    October 6, 2023
    This paper reviews the past performance of industrialization in Africa and identifies key considerations for policymaking. To date, African countries have lagged in industrialization compared to other continents, in spite of the determined efforts and aspirations of their leaders. However, recent evidence suggests that Africa’s de-industrialization trend began to reverse in the past decade, with some countries experiencing growth in manufacturing employment. Notably, more jobs have ...
  • October 06, 2023
    The confluence of Covid 19 and the ongoing war between Russia and Ukraine has resulted in a troublesome surge of inflation not seen for decades. Developing nations, particularly in Africa ...
  • October 4, 2023
    Dans ce numéro spécial de notre émission, nous explorerons les contours et les performances de l'économie africaine face aux multiples défis planétaires. La pandémie de Covid-19 continue de susciter des inquiétudes avec l'émergence de nouveaux variants, tandis que les catastrophes clima...
  • Authors
    Ademir Rocha
    Alan Leal
    João Corrêa
    September 30, 2023
    This Paper was originally published on agupubs.onlinelibrary.wiley.com   Water plays a central role in several socioeconomic and environmental nexuses. Faced with various anthropogenic pressures that act as water scarcity drivers and knowing that the unavailability of water can be a limiting factor for economic development, there is an urgent need for the design and evaluation of economic instruments that help in the management of water resources. This article presents a proposal ...
  • Authors
    Amit Jain
    September 26, 2023
    On the day he formally took power in Nigeria, 29 May, President Bola Tinubu put an end to fuel subsidies.  It was a bold and politically difficult decision, but long overdue. Nigeria is a leading oil producer and yet its citizens struggle to put gas in their tanks. It exports crude oil but imports refined fuels. For years, the government capped the gasoline price and paid importers the difference between the higher landed cost of petrol and diesel and the lower price at the pump. Th ...
  • September 22, 2023
     Opening Remarks Karim El Aynaoui, Executive President, Policy Center for the New South Session 1: Challenges of Monetary Policy: Navigating Inflation Dynamics in the Face of Supply Shocks The confluence of COVID-19 pandemic and the ongoing Russia-Ukraine conflict has resulted in a su...
  • Authors
    Mohamed Bassi
    September 21, 2023
    This Policy Brief examines economic research in Africa using data from the RePEc (Research Papers in Economics) platform. It examines the productivity of researchers affiliated with African institutions, some of whom are extremely prolific, while the average for the continent as a whole remains below international standards. As a result, Africa's contribution to global economic research as a whole remains modest, despite the continent's considerable economic stakes. The paper then ...
  • Authors
    Sous la direction de
    Omar Awadallah
    Muhammad Ba
    Farah Bashir
    Said El Hachimi
    Mostafa El Sayed Abo El Soud
    Saloi El Yamani
    Pierre Jacquemot
    Divine Ngenyeh Kangami
    Hafsa Maalim
    Samuel Muriithi
    Solomon Muqayi
    Brian Kelly Nyaga
    September 21, 2023
    Cette édition du Rapport économique de l’Afrique est construite autour d’une thématique d’une grande actualité : les conséquences des incertitudes et des risques aussi bien sanitaires que climatiques et sécuritaires sur les économies du continent. L’exercice est d’autant plus légitime que la recomposition de l’ordre mondial questionne la place du continent à l’échelle planétaire, sur les plans économique, social et environnemental. L’économie mondiale est confrontée à des défis glo ...
  • Authors
    September 21, 2023
    If we want to understand the implications for growth—particularly the costs—of moving towards a fractured trading system, we can use as a benchmark what happened during the period of what is usually called hyper-globalization or globalization 2.0. Here, I'll try to highlight the relevant aspects, to use them as a benchmark to shine a light on the costs of increasing fragmentation of the trading system. So, what was hyper-globalization or, as Professor Richard Baldwin from the Genev ...
  • Authors
    Mohamed Bassi
    September 21, 2023
    Ce Policy Brief scrute la recherche économique en Afrique en se basant sur des données de la plateforme RePEc (Research Papers in Economics). Il étudie la productivité des chercheurs affiliés aux institutions africaines, dont certains sont très prolifiques, alors que la moyenne observée au niveau du continent demeure en deçà des normes internationales. Il en résulte que la contribution de l'Afrique à la recherche économique mondiale demeure modeste malgré les enjeux économiques sign ...
  • September 19, 2023
    Les corridors sont essentiellement de grands axes de transport facilitant la circulation des personnes et des biens entre des régions et entre des pays limitrophes. L’organisation de ces voies est complexe, parce qu’elles sont généralement multimodales et impliquent de multiples passages de frontières. L’Afrique s’est lancée depuis quelques années dans le développement et la mise en réseaux des infrastructures des corridors de toutes ses régions. La Communauté de l’Afrique de l’Est ...
  • September 19, 2023
      من الجدير بالتذكير أن زلزال المغرب الذي استهدف إقليمي الحوز وتارودانت ليلة يوم الجمعة الموافق للتاسع من شتنبر سيفاقم من الصعوبات التي يواجهها اقتصاد البلاد الذي لازال يعاني من عبء كبير جراء الضغوطات التي أحدثتها الأوضاع الجيوسياسية في العالم،  بما فيها تداعيات الصراع في أوكرانيا وما ...
  • September 18, 2023
    Mexico's federal government and Morocco’s central government have traditionally played an important role in the domestic market via their management of economic policies and their extensive reach in some sectors of the economy. Recent administrations had followed prudent and credible ec...
  • September 15, 2023
    The global economy is on the path to recovery following the dual challenges of the COVID-19 pandemic and Russia's invasion of Ukraine. While there are promising signs of short-term progre ...
  • Authors
    Pepe Zhang
    September 14, 2023
    This publication was originally published in Project Syndicate    WASHINGTON, DC – The world economy remains beset by challenges, from tight monetary, financial, and fiscal conditions to the effects of the war in Ukraine. These headwinds are impeding global growth – which is expected to slow to 3% this year, compared to 3.5% in 2022 – and damaging lives and livelihoods, with poverty and food insecurity on the rise, particularly in developing countries. In addressing the complex an ...
  • Authors
    September 7, 2023
    Le développement industriel au Maroc a connu globalement une croissance soutenue durant les deux dernières décennies. Des locomotives ont contribué à l’émergence et à la consolidation d’écosystèmes industriels compétitifs et résilients. Leur rôle moteur et catalyseur, appuyé par un ensemble d’initiatives portées par des politiques publiques volontaristes, ont permis de placer le Maroc dans des chaînes de valeur mondiales et dans des secteurs de haute technologie. La ...
  • Authors
    Alfonso Medinilla
    September 5, 2023
    This paper was originally published on ecdpm.org   COP27 reached a breakthrough agreement on a new loss and damage fund for vulnerable countries and opened the door for a review of the international financial architecture. Ahead of COP28 at the end of 2023, the AU-EU partnership can help drive global climate change and energy transition agendas forward. A fruitful collaboration between the two continents starts with the following: • Africa and Europe must find common ground to ma ...
  • Authors
    September 4, 2023
    À  l’approche du Sommet africain du climat (Africa Climate Summit), qui se tiendra à Nairobi du 4 au 6 septembre 2023, de très nombreuses organisations non gouvernementales (ONG) ont écrit au président du Kenya, William Ruto, pour lui faire part de leurs inquiétudes concernant l’ordre du jour de ce sommet. Selon ces ONG, les intérêts des entreprises et des pays occidentaux pourraient prendre le pas sur ceux de l’Afrique. Les vraies priorités sont notamment d’éliminer progressivement ...
  • Authors
    Jaime Bonet
    Geoffrey J. D. Hewings
    August 30, 2023
    This Book was originally published on springer.com   This book examines regional structural challenges on Colombia’s path to sustainable social cohesion and regionally inclusive growth. These challenges can be divided into three main groups: (i) those that focus on competitiveness and the supply side, (ii) those that arise from critical business cycle issues on the demand side, and (iii) those concerning environmental sustainability, employment and social inclusion.  The contribu ...
  • August 29, 2023
    In this conversation, Ms. Lina Khatib, the Director of SOAS University's Middle East Institute, delves deep into pressing regional issues. She highlights what policymakers can do to ensure the equitable distribution of economic development benefits and prevent any regression. Khatib als...
  • Authors
    August 29, 2023
    At the August 22-24 BRICS summit in Johannesburg, the leaders of Brazil, Russia, India, China and South Africa said they wanted to use more of their national currencies for cross-border payments, which are currently dominated by the U.S. dollar and other global convertible currencies. Like China and the other BRICS, several other countries have also sought to develop alternative external payment mechanisms. Pairs of countries have agreed to settle commercial and financial transactio ...
  • August 29, 2023
    Base erosion and profit shifting (BEPS) involving multinational companies is a complex, multi-dimensional problem resulting from loopholes and inconsistencies between countries’ tax systems. Addressing it requires coordinated action at the international level. Several organizations have taken initiatives in this direction, including the Organization for Economic Co-operation and Development (OECD), which, with the support of the G20, launched an ambitious project to combat BEPS in 2 ...
  • August 28, 2023
    Le secteur informel joue un rôle crucial dans le développement économique et social du Maroc en tant que filet de sécurité pour de nombreux travailleurs. Cependant, sa concentration dans de petites entreprises qui manquent de moyens de production sophistiqués peut entraver la croissance...
  • August 18, 2023
    In this interview, Taline Koranchelian, the Deputy Director at the International Monetary Fund's (IMF) Middle East and Central Asia Department, shares her insights on the region's progress in achieving inclusive growth over the past decade. She discusses successful approaches, challenge...
  • Authors
    August 18, 2023
    Industrial history was written on Monday, May 15, 2023. Mohammed VI, the king of Morocco, celebrated in the Royal Palace a car from Neo Motors, the first ‘Made in Morocco’ car brand, helping drive the nation towards economic prosperity and social stability. Neo Motors vehicles, financed and built by Moroccan entrepreneurs, will soon compete globally with German, Italian, Japanese and Korean cars. The ‘Neon’ (offered for an estimated 170,000 dirhams, or $15,000) will be assembled and ...
  • Authors
    August 17, 2023
    Défis et opportunités économiques en Afrique : Renforcer la stabilité financière pour un développement durable L’Afrique est un continent qui connaît de nombreux défis économiques et sociaux, mais aussi de grandes opportunités de développement. Pour réaliser son potentiel, le continent a besoin de renforcer sa stabilité financière, c’est-à-dire sa capacité à faire face aux chocs internes et externes qui peuvent affecter sa croissance et son développement. (Figure 1) La stabilité f ...
  • August 16, 2023
    L’amélioration de la qualité des apprentissages constitue un défi majeur pour le système éducatif marocain, qui, d'après de nombreuses évaluations qualitatives et quantitatives, se positionne parmi les moins performants en termes de compétences scolaires. Les résultats des tests internationaux tels que TIMSS et PIRLS mettent en évidence des scores préoccupants en mathématiques, sciences et lecture, démontrant que plus de 40 % des élèves ne parviennent pas à atteindre ...
  • August 2, 2023
    China is the largest developing country. Africa is the continent with the largest number of developing countries. The China-Africa economic relationship has developed rapidly over the last two decades. China has increased its investment in Africa over the last four decades. Flows surged from $75 million (2003) to $5 billion (2021). This has had both positive and negative impacts on Africa. Infrastructure improvement, job creation, and overall economic growth can be listed as positiv ...
  • Authors
    Inácio F. Araújo
    Chaimaa Chawki
    Rachida El-Mansouma
    Marouane Masnaoui
    August 1, 2023
    This Paper was originally published on sciencedirect.com   The closing of Samir's Mohammedia refinery in August 2015 due to financial constraints has dramatically affected the fuel oil market in Morocco. In this paper, we assess the economic and environmental impacts of the disruption of Morocco's only refinery activities. We can isolate the oil refinery sector associated with Samir in a fully specified interregional input-output database, considering 20 industries in 12 Moroccan ...
  • Authors
    July 28, 2023
    Août, l’économie plonge. La production est en vacances, les investisseurs temporisent. Le volume de travail tombe au-dessous du minimum ordinaire, entraînant au passage un relâchement de la discipline et de l’effort. Un mois durant, l’économie est en mal de repères et s’éloigne de ses objectifs ; elle perd beaucoup de sa rationalité et n’apparaît plus tout à fait dans une logique de productivité et de compétitivité. Le manque à gagner qui en découle se retrouve dans les bas de bilan ...
  • July 20, 2023
    Artificial intelligence (AI) is playing an increasingly important role in our daily lives. Having experienced considerable growth in recent years, artificial intelligence corresponds to technologies capable of processing hybrid sources, particularly unstructured data. Complex tasks are thus delegated to increasingly autonomous technological processes, capable of driving economic and social development. In current African society, AI is becoming more popular and seeking to cover all ...
  • July 18, 2023
    Le secteur informel est une composante essentielle de l'économie marocaine, employant une large partie de la population, mais nuisant à la productivité, aux recettes fiscales de l’État et à la croissance économique à long terme. Sur la base de la définition adoptée dans cette étude et qui définit les travailleurs informels comme étant ceux qui ne sont pas couverts par les régimes contributifs de sécurité sociale de la Caisse nationale de sécurité sociale (CNSS) et d ...
  • Authors
    Zakaria Elouaourti
    July 13, 2023
    This paper was originally published on tandfonline.com   This paper explores new pathways to women's empowerment, including household structure, family support, satisfaction and self-esteem, and trust in institutions and politicians, and their impact on labor market participation, with a specific focus on gender differences. Using a microeconomic database of 7,860 individuals from North Africa and employing a Probit model, we find that gender significantly influences labor market ...
  • Authors
    Marianna Albuquerque
    Rogerio Studart
    July 5, 2023
    This policy brief was originally published on t20ind.org   Despite the perception of abundant financial resources and technology worldwide, building quality project pipelines of sustainable infrastructure and securing funding for them remains a challenge for most developing countries. One potential solution to these obstacles is international cooperation among governments through enhancing cooperation among their national, regional, and multilateral development banks, which alread ...
  • Authors
    Zakaria Elouaourti
    July 1, 2023
    This paper was originally published on erf.org.eg   The digital divide in the financial sector has occurred through the development of financial technologies. These latest “FinTech” refers to technological innovations that have emerged in the financial system in recent years, which are the new channels for providing financial services. These innovations have disrupted traditional financing models by making financial transactions more secure and by reducing spatiotemporal constrain ...
  • June 27, 2023
    تعتبر مجموعة "بريكس" تكتلا اقتصاديا عالميا بدأت فكرة تأسيسه في شتنبر 2006، حينما عُقد أول اجتماع وزاري لوزراء خارجية البرازيل وروسيا والهند والصين على هامش أشغال الجمعية العامة للأمم المتحدة إضافة إلى انضمام جنوب أفريقيا رسميا سنة 2011. حيث أصبحت مجموعة بريكس أحد أهم التكتلات الاقتصادية...
  • June 26, 2023
    L’amélioration de la qualité des apprentissages constitue un défi majeur pour le système éducatif marocain. D’après de nombreuses évaluations, aussi bien qualitatives que quantitatives, le Maroc se place parmi les pays les moins performants en matière de qualité des acquis scolaires. Un autre aspect des faibles réalisations du pays au niveau des tests internationaux est le poids des élèves dits « peu performants1 », et considérés comme particulièrement à risque. L’importance de ce ...
  • June 26, 2023
    The COVID-19 pandemic and the war in Ukraine have reignited the debate on efficiency versus resilience in international trade and global value chains (GVCs). This policy brief[a] (i) explains the contrasting perspectives of the private sector (primarily seeking efficiency) and the public sector (aiming for resilience); (ii) demonstrates that GVCs are still flourishing, despite some mounting signals of a geo-fragmentation leading to greater reallocation of the GVCs; and (iii) provide ...
  • Authors
    Gladys Lopez-Acevedo
    Marco Ranzani
    Nistha Sinha
    Adam Elsheikh
    June 23, 2023
    This report was originally published on openknowledge.worldbank.org The long-standing informality debate in the Middle East and North Africa (MENA) Region has taken on a new urgency as it looks for a pathway to more socially inclusive growth that is less reliant on fossil fuels. This is occurring against a backdrop of subpar labor market outcomes, further growth setbacks, and deteriorating fiscal and current account de ficits in the aftermath of the COVID-19 pandemic—and in the wak ...
  • June 20, 2023
    This policy brief was originally published on T20 India website   A decade of poor growth, increased poverty, and political instability followed the serious debt difficulties that emerged worldwide in the 1980s. There are concerns that the looming debt crisis could create similar challenges and result in even more severe consequences. However, the current economic climate differs in many ways from that of the 1980s, when international banks and Paris Club creditors held most of th ...
  • June 16, 2023
    Cette étude est consacrée à la faillite de FTX, considérée comme la deuxième plateforme mondiale d’échanges des cryptomonnaies, derrière Binance, avant l’annonce de sa faillite en novembre 2022. Annonce qui va être un véritable coup de tonnerre, les ébranlant très sérieusement. Après avoir rappelé l’indispensable à connaitre des cryptomonnaies et de leurs plateformes d’échange, l’étude rappelle l’historique d’une faillite arrivant au pire moment, avec des cours du ...
  • June 15, 2023
    Dr. Zaki Chahir, professeur en économie, a récemment publié un article intitulé "What Type of Trade is Promoted by Environmental Regulations" (Quel type de commerce est favorisé par les réglementations environnementales ?), dans lequel il examine l'impact de la rigueur environnementale ...
  • June 13, 2023
    يعد ميثاق الاستثمار الجديد، الصادر، في دجنبر 2022، والذي تم تطبيق أول مراسيمه، في يناير المنصرم، خارطة الطريق الإستراتيجية لإعطاء نفس جديد للاستثمار بالمغرب، الذي من شأنه أن يعزز تنافسية ...
  • Authors
    June 13, 2023
    Le Salon international de l’édition et du livre (SIEL), dont la 28ème édition  s’est achevée le 11 juin 2023, a une fois de plus été l'occasion pour le ‘’petit’’ monde de l'édition de s'interroger sur son avenir. Les rencontres du SIEL ont réuni les différents maillons de la chaîne de production du livre, des auteurs aux éditeurs en passant par les acteurs de la distribution et de la promotion. C’est l’une des rares occasions de prendre le pouls des transformations de cette chaîne e ...
  • June 09, 2023
    In this podcast episode, we delve into the complex and diverse topic of migration and integration in Atlantic Latin America. As we explore the historical events and patterns of migration ...
  • Authors
    Abdelkhalek Touhami
    Dorothée Boccanfuso
    June 8, 2023
    The targeting of public policies, particularly those related to the reform of the social protection system in Morocco, is a major challenge, especially in assessing the impact of these measures on multidimensional poverty. By developing two targeting methods to approach the impact of the reform of the social protection system in Morocco on multidimensional poverty as measured by the Multidimensional Poverty Index (MPI), we show that the three simulated reforms on education and healt ...
  • June 6, 2023
    African countries were severely hit by the COVID-19 pandemic, which quickly drove the continent into its worst recession in fifty years. According to the 2022 African Development Bank African Economic Outlook (AEO), real GDP declined by -1.5% in 2020 compared to growth of 3.3% in 2019. Africa has recovered quickly from the recession, but this has not translated into favorable debt prospects for many countries. To make a challenging situation even worse, the Russia/Ukraine crisis has ...
  • June 6, 2023
      يعد ميثاق الاستثمار الجديد، الصادر، في دجنبر 2022، والذي تم تطبيق أول مراسيمه، في يناير المنصرم، خارطة الطريق الإستراتيجية لإعطاء نفس جديد للاستثمار بالمغرب، الذي من شأنه أن يعزز تنافسية الاقتصاد الوطني، فضلا عن تثمين دور الفاعلين في القطاع الخاص، وكذا منظومة الإنتاج المغربية. من أجل...
  • Authors
    June 1, 2023
    This Policy Brief examines the current banking crisis in the United States and its implications for Africa. Many studies have pointed out the main factors responsible for this crisis, including poor risk-management practices in the failed banks, the sector’s weak regulatory structure, and the failure of bank supervisors. However, a key factor that has contributed to the extent and speed of the crisis is the U.S. Federal Reserve’s (Fed) policy actions, including the elimination of re ...
  • May 30, 2023
    Depuis 2020, le Policy Center for the New South, le Programme des Nations unies pour le développement (PNUD) et la Banque mondiale ont lancé l'initiative « Parlons développement », qui consiste en une série de réflexions collectives sur les grands enjeux du développement durable. Cette ...
  • Authors
    Pierre Sauvé
    May 29, 2023
    Morocco has made important strides in reducing poverty in the last three decades, thanks in large part to trade and industrial policies aimed at durably inserting the country into world flows of goods, services, and cross-border investment. Since 1992, per capita incomes have tripled (in current US$), contributing to a threefold drop in the Kingdom’s poverty headcount. The country of 37 million features consistently as one of the better-performing and more stable economies in the No ...
  • May 26, 2023
    The energy and ecological transition (EET) is inevitable, desirable, and now accepted worldwide. But how this transition will be financed remains highly uncertain. This Policy Paper analyzes the financing needs and reviews the different possible financial channels. Some avenues have already been launched, and procedures and instruments are being put in place, but all of this remains insufficient. Many solutions will have to be combined, and these will require financial innovations, ...
  • Authors
    Inkyo Cheong
    Lillyana Daza Jaller
    Siwook Lee
    Jean-Christophe Maur
    Martin Molinuevo
    Sahar Sajjad Hussain
    Pierre Sauvé
    Shane Sela
    Aleksandar Stojanov
    Iryna Klytchnikova
    Edited by Pierre Sauvé and Uri Dadush
    May 23, 2023
    The broad thrust of Morocco’s trade and industrial policies over the last thirty years has been to anchor Morocco into world flows of goods, services, and cross-border investment. Despite the challenges posed by the COVID-19 pandemic, rising international prices, and a complex geopolitical environment, Moroccans continue to derive significant benefits from their economy’s openness. These include improved consumer choice and welfare, the growing insertion of Moroccan firms into cross ...
  • Authors
    May 22, 2023
    The current banking crisis in the United States began with the Silicon Valley Bank (SVB) run in March 2023 and was followed by other bank failures, raising concerns about the health and stability of the financial sector. This Policy Paper traces the root causes of these bank failures and examines the U.S. monetary policy decisions during this period. These bank failures were caused by the poor risk management practices of the failed banks, the sector’s weak regulatory structure, and ...
  • Authors
    May 19, 2023
    Earlier this month, U.S. Treasury Secretary Janet Yellen told congressional leaders that the government could run out of cash as early as June 1, if the debt ceiling is not raised in time. In January, the Treasury reached the current legally established ceiling in nominal terms ($31.46 trillion). The funds currently available to make government payment flows tend to exhaust by the end of this month. According to the Treasury Department: “Failing to increase the debt limit would ha ...
  • May 18, 2023
    Le Policy Center for the New South (PCNS) et le Fonds Monétaire International (FMI) ont organisé, le 28 avril, à Rabat, une table ronde d'experts sur le thème "Fighting Inflation and Building Resilience : the Outlook for MENA and Morocco". Au niveau international, la lutte contre l’inflation constitue la principale préoccupation des politiques économiques dans la majorité des pays. La détection des risques inflationnistes a pris du retard après la crise sanitaire parce que les aut ...
  • Authors
    Abdelmonim AMACHRAA
    May 17, 2023
    Nothing better illustrates the positive contribution of the integration of national economies into global value chains than the fact that in the 1990s, the automotive sector barely existed in Morocco. Now, it is the leading export sector, with a production and assembly capacity of 700,000 vehicles, making it an attractive and competitive hub linking Africa and Europe in the automotive value chain. However, the automotive industry is on the cusp of change, with advances in electric a ...
  • Authors
    May 15, 2023
    In the face of oil production cuts by Saudi Arabia and some OPEC members, the energy supply is shrinking again. This is in response to fears of an impending recession, higher inventories in some key countries, and an attempt to keep prices at a certain level. Turning to renewables is now essential to reduce dependence and increase resilience to energy insecurity, while non-renewable energy sources continue to show signs of unpredictability and harmful dependence. Economic outlooks v ...
  • Authors
    May 11, 2023
    This paper aims to investigate the impact of an inflation targeting framework adoption by the central bank, on the reduction of public debt ratios in emerging countries, through the potential discipline-enhancing effect of inflation targeting on the conduct of fiscal policy in general. The impact evaluation method used is the Propensity Score Matching (PSM), which allows the evaluation of the treatment effect of inflation targeting on fiscal discipline, in terms of public debt reduc ...
  • May 9, 2023
    La transition énergétique et écologique (TEE) est inéluctable, souhaitable et désormais acceptée au plan mondial. Mais le financement de cette transition demeure fort incertain. L’objet de ce Policy Paper est d’analyser les besoins de financement à considérer, et de passer en revue les différents canaux financiers possibles. Des pistes ont déjà été lancées, des procédures et des instruments sont mis en place, mais tout cela reste insuffisant. Il va falloir combiner un grand nombre d ...
  • May 09, 2023
      على ضوء الاجتماعات السنوية لمجموعة البنك الدولي وصندوق النقد الدولي في التقرير الأخير لصندوق النقد الدولي حول آفاق الاقتصاد العالمي، والذي يطبعه القلق الزائد في ظل اضطرابات القطاع الم ...
  • May 8, 2023
    In March 2023, the brutal demise of the Silicon Valley Bank (SVB) was the first to happen as a result of the hiking of interest rates that central banks started implementing from late 2021 onwards. Although the Federal Deposit Insurance Corporation (FDIC), a US government corporation pr...
  • Authors
    May 8, 2023
    The energy sector faces many challenges that undermine economic growth, energy security and access, and environmental sustainability. To address these challenges, Atlantic Basin countries need to improve access to reliable energy, diversify their energy mix with low-carbon alternatives and improve energy efficiency in the long term. However, the transition to clean energy will also create new risks and challenges that differ from one Atlantic country to another, requiring additional ...
  • Authors
    Inácio F. Araújo
    May 5, 2023
    This paper presents a synthetic view of the socioeconomic and environmental impacts of the economic sectors and regions that make up the Moroccan economy, taking into account the current economic structure and production technologies. Therefore, the potential effects must be understood as signals to think about interventions aimed at redirecting the desired trajectories of sustainable development. The application of the tools developed to give scientific support to this analysis rev ...
  • May 2, 2023
      على ضوء الاجتماعات السنوية لمجموعة البنك الدولي وصندوق النقد الدولي في التقرير الأخير لصندوق النقد الدولي حول آفاق الاقتصاد العالمي، والذي يطبعه القلق الزائد في ظل اضطرابات القطاع المالي والتضخم المتزايد والآثار المستمرة للاجتياح الروسي لأوكرانيا، بالإضافة إلى العواقب الاقتصادية الم...
  • April 28, 2023
    This paper explores the impact of commodities financialization on crude oil prices and their volatility. While some commodities have been market movers for centuries, introducing others, such as oil, to the financial markets is more recent. The increase in investors' appetite for commodity investing has led to commodities’ financialization, which is often considered an amplifier of commodity price volatility. This paper focuses on the relationship between crude oil prices and the fi ...
  • Authors
    April 27, 2023
    Recent initiatives and policy moves by China and other countries to extend the reach of use of the renminbi in the international monetary system, while the U.S. dollar share in global reserves has slightly shrunk in relative terms, have sparked frequent discussions about a hypothetical “de-dollarization” of the global economy. We approach here what that would mean in terms of global currency functions as means of payment and store of value. While we point out a relative decline of ...
  • Authors
    April 26, 2023
    It is estimated that $1 trillion to $6 trillion per year (up to 2050) needs to be invested globally if the world is to stay below the 2°C global warming ceiling of the Paris Agreement and to meet its adaptation goals. Currently, investments stand at about $630 billion per year, way below the original target. And although great efforts have been made in the climate-finance area, more than 70% of the funds deployed have gone to one sector, renewable energy, followed by the transportat ...
  • April 10, 2023
    This policy paper examines India’s growing engagement in North Africa, focusing on five countries: Morocco, Algeria, Tunisia, Libya, and Egypt. Despite lacking a distinct regional policy for North Africa, India has amplified its bilateral engagement with these countries, underpinned by a steadfast commitment to the principle of South-South cooperation. Through its strategic moves in North Africa, India has established a powerful southern-west axis for its foreign policy that stretch ...
  • Authors
    April 10, 2023
    The contemporary global energy landscape is experiencing noteworthy changes in demand, supply, technology, markets, and investment. These developments transcend conventional oil and gas security considerations. Renewable energy sources, such as wind and solar power, have become increasingly cost-effective compared to fossil fuels, and the minerals required to produce them are gaining importance. Nevertheless, recent events such as the Covid-19 pandemic and the conflict in Ukraine ha ...
  • April 7, 2023
    Le Policy Center for the New South, la Faculté de Gouvernance, des Sciences Économiques et Sociales (FGSES), l’Association Démocratique des Femmes du Maroc et le Réseau Marocain des Femmes Médiatrices organisent conjointement une série d’activités pour commémorer la Journée internationa...
  • Authors
    Hala Boumaiz
    April 7, 2023
    In an attempt to bring the World Cup back to Europe and Africa, Morocco has joined Spain and Portugal in a three-way bid to host the 2030 FIFA World Cup. While there are still talks of Ukraine remaining in the bid, the three confirmed countries are hoping to score big with major economic, cultural, and political benefits. Although not as large as the Olympics in terms of logistics, the FIFA World Cup is one of the most prestigious and watched sporting events in the world. Early figu ...
  • Authors
    April 5, 2023
    The Policy Center for the New South and the Economic Research Forum held on March 20 a workshop titled ‘Stabilization and adjustment towards inclusive and sustainable policies in MENA: The Moroccan case study’. The event took place at the PCNS headquarters in Rabat, Morocco. It brought together renowned Moroccan economists and scholars to discuss the issue of public debt sustainability in the context of the Moroccan economy. It was an occasion to revisit the main features of the Mor ...
  • April 4, 2023
    Faced with the rise of cryptocurrencies, central banks are responding by launching their digital currencies. The purpose of this Policy Brief is to provide an update on the preparation of central bank digital currencies (CBDs) by monetary authorities, a process that concerns all emerging, developing, and more advanced countries. It is also about analyzing the conditions and some of the consequences (for banks, for financial inclusion, for the conduct of monetary policy...) of such a ...
  • Authors
    April 4, 2023
    In 2010, when I was one of the vice presidents at the World Bank, colleagues I and published a very upbeat book  about the possibility of emerging and developing economies replacing advanced countries as engines of global economic growth. While the latter would be grappling with the aftermath of the global financial crisis, the former, already growing at a faster pace in the previous decade and accounting for more than half of the annual increases in global GDP, had largely shown an ...
  • April 4, 2023
    Face à l’essor des cryptomonnaies, les banques centrales sont en train de réagir en lançant leurs propres monnaies numériques. L’objet de ce Policy Brief est de faire le point sur la préparation des monnaies numériques de banques centrales (MNBC) par les autorités monétaires, un processus qui concerne tous les pays, émergents, en développement, et plus avancés. Il s’agit aussi d’analyser les conditions et certaines des conséquences (pour les banques, pour l’inclusion fin ...
  • Authors
    Masood Ahmed
    April 3, 2023
    This blog was originally published on Center for Global Development (CGD)   To better respond to today’s global crises, the MDBs must transform themselves. The MDB Reform Accelerator is mobilizing the evidence-based analysis and strategic outreach needed to ensure MDB reform delivers real results for development, climate, and other global challenges.  The world has changed since the creation of the International Monetary Fund and the World Bank—the world’s first international fin ...
  • March 31, 2023
    L’Afrique est plurielle, comme le sont les investissements chinois sur son continent. Cette étude montre que, contrairement à ce que l’on mettait en avant durant la décennie 2010, ces investissements ne se limitent pas à l’exploitation du sous-sol africain. Les opérateurs chinois, privilégiant le long terme, se montrent le plus souvent patients et discrets, ne ciblant pas les seuls investissements miniers. Concernant les secteurs principalement bénéficiaires de ces investissements, ...
  • Authors
    March 29, 2023
    The activity rate of Moroccan women (*) has been on a structural decline for some twenty years. This trend is all the more critical given its low level, regarded as one of the lowest in the world. And yet, a host of reforms, programs and actions have been implemented or are underway to improve the condition of women, both economically and socially, and in both urban and rural areas. Are we dealing with a societal phenomenon or simply with economic growth issues? What lessons can we ...
  • Authors
    March 29, 2023
    يبين معدل نشاط المرأة المغربية1 انخفاضا أصبح هيكليا على مدى السنوات العشرين الماضية. وتزداد حدة هذا الانخفاض نظرا لضعف مستوى هذا المعدل، الذي يعتبر من بين أدنى المعدلات في العالم. ومع ذلك، تم تنفيذ العديد من الإصلاحات والبرامج والإجراأت أو يجري تنفيذها لتحسين ظروف المرأة، اقتصاديا واجتماعيا، وفي المناطق الحضرية والريفية. هل نواجه ظاهرة مجتمعية أم مجرد مشاكل تتعلق بالنمو الاقتصادي؟ ما هي الدروس التي يمكن استخلاصها من مختلف الدراسات والتحليلات التي أجريت في هذا الاتجاه وما هي الأدوات ...
  • Authors
    March 29, 2023
    Le taux d’activité des femmes marocaines (*) affiche un déclin devenu structurel depuis une vingtaine d’années. Ce déclin est encore plus critique vu le faible niveau de ce taux, considéré parmi les plus bas à l’échelle mondiale. Pourtant, plusieurs réformes, programmes et actions ont été menés ou sont en cours de déploiement pour améliorer les conditions de la femme, aussi bien au niveau économique que social, et dans les milieux urbain et rural. Sommes-nous face a ...
  • March 28, 2023
    كشفت دراسة نشرتها المنظمة الدولية للهجرة حول العاملات الموسميات بعد انتهاء مدة إقامتهن في إسبانيا والعودة إلى المغرب، أن أكثر من 83٪ من النساء يدعمن أسرة مالياً. وقد تم إجراء العديد من ال ...
  • March 24, 2023
    Ce papier est consacré au Nouveau Modèle de Développement des provinces du Sud (NMDPS), lancé par Sa Majesté le Roi Mohammed VI dans son discours de Laâyoune du 6 novembre 2015. L’accent y sera mis sur les réalisations au titre de ce Nouveau Modèle de Développement durant la période 2016-2022. Dernier volet d'une insertion définitive de ces provinces au sein du Royaume, ce nouveau modèle est doté de moyens financiers en conséquence, passant de 77 MM de dhs à 81 MM de ...
  • Authors
    March 23, 2023
    On Friday, March 10 -2023, the US and the world discovered that the Federal Deposit Insurance Corporation (FDIC) had seized the Silicon Valley Bank after SVB’s customers had withdrawn an extraordinary $42 billion from their deposits on March 16. This $4.2 billion an hour, or more than $1 million per second for ten straight hours, an unprecedented event made possible by the use of Apps by many startup founders to access their accounts and advise their friends to do the same -what the ...
  • Authors
    March 22, 2023
    Silicon Valley Bank (SVB), the sixteenth largest bank in the United States, experienced a bank run in early March 2023, and was closed by the U.S. Federal Deposit Insurance Company (FDIC) on March 10. This bank failure, followed by others, creates fear of contagion throughout the U.S. and global banking systems. This Brief identifies four factors leading to the SVB crisis: i) Sharp interest rate increases by the Federal Reserve, which adversely affected SVB’s income and balance shee ...
  • March 21, 2023
    كشفت دراسة نشرتها المنظمة الدولية للهجرة حول العاملات الموسميات بعد انتهاء مدة إقامتهن في إسبانيا والعودة إلى المغرب، أن أكثر من 83٪ من النساء يدعمن أسرة مالياً. وقد تم إجراء العديد من الدراسات حول هذا الموضوع، لتحليل الظروف المعيشية للمهاجرات الموسميات، سياقهجرتهن الدورية، أوضاعهن الاج...
  • Authors
    Camila Callegari
    Tarik Tanure
    Ana Carolina Oliveira Fiorini
    Edson Domingues
    Aline Magalhães
    Fernando Perobelli
    Alexandre Porsse
    André F. P. Lucena
    Eveline Vasquez-Arroyo
    Mariana Império
    Luiz Bernardo Baptista
    Roberto Schaeffer
    March 20, 2023
    This Paper was originally published on mdpi.com   Cities play a fundamental role in reducing greenhouse gas emissions and advancing the 2030 Agenda for Sustainable Development. In this context, public authorities need tools to help in identifying the best set of available solutions for the urban environment. Here, we developed an approach to help decision makers in evaluating sustainable solutions, considering aspects such as emission rate, economic attractiveness, job creation, a ...
  • Authors
    Zakaria Elouaourti
    March 15, 2023
    The aims of this article were twofold. First, to tackle the issue of convergence from an analytical point of view by presenting the mathematical developments of the main economic growth models, which emphasized that the convergence of African economies is conditional to the investment level in the early stages of physical capital accumulation. As the latter increases, the convergence of African economies is determined by other factors (investment in research and development (R&D ...
  • March 13, 2023
    Les pays membres du FMI (Fonds monétaire international) ont décidé en 2021 de créer une nouvelle tranche de DTS pour une somme équivalente à 650 milliards de dollars. En appliquant les règles habituelles du Fonds, l’Afrique prise globalement n’en recevrait qu’une faible part (33 milliards). C’est pourquoi un certain nombre de pays avancés ont proposé de reverser à l’Afrique une part de leur nouvelle allocation de DTS, afin que le continent africain reçoive au total 100 mi ...
  • March 13, 2023
    The member countries of the International Monetary Fund decided in 2021 to create a new tranche of Special Drawing Rights (SDRs) for a sum equivalent to $650 billion. Under the Fund's usual rules, Africa as a whole would receive only a small share of this ($33 billion). Consequently, a number of advanced countries have offered to give Africa a share of their new SDR allocations, so that Africa will receive a total of $100 billion. This Policy Brief provides an update on this topic. ...
  • Authors
    Hajar Kabbach
    March 9, 2023
    Gender disparities in the labor market persist as a serious challenge, resulting in lower participation rates for women than men. This gender gap in labor force participation varies considerably across regions, with female participation rates consistently lagging men. After some progress during the last few decades, the multiple crises faced by the global economy in recent times – pandemic, the war in Ukraine, rising risks of climate change, and slowing growth after high inflation ...
  • Authors
    March 8, 2023
    Nous célébrons, le 8 mars de chaque année, la Journée internationale des droits de la femme. En cette occasion, il est utile de rappeler quelques faits stylisés et observations d’ordre général sur la position qu’occupe la femme dans l’économie marocaine. Face aux constats que l’on dressera ci-dessous, le moins que l’on puisse dire est que l’instant n’est pas à la célébration mais à l’action : la participation de la femme marocaine à l’activité économique demeure relativement faible ...
  • Authors
    March 7, 2023
    In April 2007, on my first day as vice president at the Inter-American Development Bank (IDB) in Washington D.C., I received an informal visit from Thomas E. Lovejoy, a celebrated American environmental scientist who died last year. He spoke to me of a “turning point” in deforestation in the Amazon, beyond which the consequences would be irreversible. He was interested in knowing how the IDB could help in the fight against deforestation. Thomas and the Brazilian environmental scien ...
  • Authors
    March 3, 2023
    In recent years, personalist rule has spread around the world. As personalist rule gets upgraded and adopted across regions and regime-type, including in democracies, Africa and the Middle East are looking less exceptional, and mainstream academic theories are being challenged. The 2011 uprisings and their aftermath have destabilized social science thinking about Africa and the Middle East, creating an opportunity for fruitful cross-regional dialogue around concepts like personal ru ...
  • Authors
    Mohamed Bassi
    February 28, 2023
    Dans un monde de plus en plus digitalisé, la collecte et le traitement de la donnée numérique provenant du web et des objets connectés s’imposent comme une activité de première importance dans les centres de recherche et autres think tanks. Avec le langage Python nous avons développé un outil de veille économique qui permet d’analyser les publications des chercheurs en économie affiliés aux institutions africaines. Cet outil met en jeu des algorithmes de Machine Learning, ...
  • Authors
    February 28, 2023
    This publication was originally published on https://www.euromesco.net/   The Moroccan job market offers few opportunities for young non-educated Moroccans. With the rise of the internet, many Moroccans sought to find new ways to generate an income and find financial stability. During the COVID-19 pandemic, we have seen a rise of Moroccan entrepreneurs in e-commerce and dropshipping and a dramatic increase of motivational and educational content that aims at encouraging more peopl ...
  • February 27, 2023
    In this interview recorded during the Atlantic Dialogues, Mr. Helmut Sorge, Columnist at the PCNS interviews Mr. Masood Ahmed, President of the Center for Global Development about his insights on Globalization between yesterday and tomorrow. In fact, although the process of linking coun...
  • Authors
    February 24, 2023
    Mauritius was on the brink of disintegration in the 1980s, but by 2019 had managed a peaceful transformation from a low income, monocrop, inward-oriented economy to a diversified, outward-oriented, upper middle-income country. Mauritius is now again at a crossroads, having to adapt to accelerating climate change and the impacts of multiple crises. The government of Mauritius has a vision of transforming the country into a knowledge-intensive and inclusive economy of the Fourth Indu ...
  • February 16, 2023
    This publication was originally published in https://www.mdpi.com/   The Moroccan agricultural cooperative sector is a key player in self-employment and income generation through territorial anchoring. The government’s “MOURAFAKA” program offers support for newly created cooperatives, including strategic diagnosis and training. This paper analyzes the impact of the MOURAFAKA program on the sustainability of agricultural cooperatives in Morocco. Using original data from a survey of ...
  • Authors
    February 15, 2023
    China’s rate of economic growth has slowed. Chinese GDP ended 2022 up 3%, but this was the lowest growth rate in the last 40 years, except for 2020, the first year of the pandemic. In addition to problems in its real-estate sector, China’s severe ‘COVID zero’ confinement policy is one of the causes. The post-‘COVID zero’ reopening of the Chinese economy has improved its growth outlook. In the International Monetary Fund’s annual report on China, published in early February 2023, 5. ...
  • Authors
    Selassie Tay
    February 15, 2023
    Background The African Union in 2018 agreed to implement the world’s second-largest free-trade area measured by number of countries, people, and geographical size, with the signing of the African Continental Free Trade Agreement (AfCFTA). This agreement will ultimately lead to a continent-wide free trade area consisting of 54 countries with 1.3 billion people and a combined GDP of $3.4 trillion[1]. This equates to about 19%-20% of the GDP of the European Union and China, which are ...
  • Authors
    February 13, 2023
    The volatility in energy markets since the outbreak of the Covid-19 pandemic in 2019/2020 has continued, with unprecedented uncertainty about global energy supply developing over the course of 2022 in the wake of Russia's invasion of Ukraine, against a backdrop of weakening macroeconomic conditions and high inflation. While some perceived this as a potential setback for the energy transition, others saw it as an opportunity to move away from fossil fuels and accelerate the developme ...
  • Authors
    February 10, 2023
    Considering the current situation in Burkina Faso, the international media is speaking of institutional weakness and state failure in Africa and the role of international institutions and local non-state actors in providing security and public goods in the Sahel. The discourse of state failure and counter-state sovereignty has a decades-old genealogy, but recent work by African scholars has sought to contest top-down Western labels and categories. African attempts to decolonize soci ...
  • Authors
    February 3, 2023
    As the introductory textbook to economics by Nobel Prize Paul Samuelson, who served several generations of students, including mine, said: “It is easy to teach economics to a parrot. Two words are enough: supply and demand”. These two factors suggest 2023 will be a year of upward trend for most commodity prices. Last year was marked by shocks and volatility in commodity prices, with two distinct moments. After the sharp rise in the first half, due to the invasion of Ukraine by Russ ...
  • Authors
    Abdelmonim Amcharaa
    Hassnae Maad
    February 1, 2023
    La double crise actuelle de l’énergie et du conflit militaire en Ukraine freine énormément les processus qui se développaient dans l’ère post-Covid 19. Dans ce contexte fragile et tourmenté, la vulnérabilité touche également les chaînes globales de valeur et les systèmes agroalimentaires. La vulnérabilité de la Chaîne Globale de Valeur (GVC) est une fonction de la capacité d’adaptation (CA) face aux chocs et aux impacts potentiels que présentent la fragmentation du ...
  • January 31, 2023
    كثيرا ما ركّزت التعليقات والتحليلات على الأسباب المباشرة وشبه المباشرة والظرفية والدولية ألتي أدت الى موجة التضخم التي يشهدها العالم. في هذه الحلقة من برنامج حديث الثلاثاء، نقترح رؤية اكا ...
  • January 31, 2023
    كثيرا ما ركّزت التعليقات والتحليلات على الأسباب المباشرة وشبه المباشرة والظرفية والدولية ألتي أدت الى موجة التضخم التي يشهدها العالم. في هذه الحلقة من برنامج حديث الثلاثاء، نقترح رؤية اكاديمية وعلمية للمفهوم، مقسّمين الظاهرة الى أجزاء ومكوّنات مختلفة. كما ستركّز هذه الحلقة على المغرب با...
  • Authors
    Davit Gondauri
    Nino Enukidze
    Mikheil Batiashvili
    January 31, 2023
    This publication was originally published in https://ijisrt.com/assets/upload/files/IJISRT23JAN789.pdf   The current transformation of the society under the influence of digital technologies has no historical analogue in terms of its spread and the pace of development. The future will heavily depend on digital technologies. The role of the digital economy and 5G technologies is increasing day by day and for Georgia, - as a developing country, it is important not to fall behind the ...
  • Authors
    January 23, 2023
    Les fluctuations que connaissent les marchés de l'énergie depuis le début de la pandémie de la Covid-19 en 2019/2020 se sont prolongées, avec une incertitude sans précédent, sur l'approvisionnement énergétique mondial, qui s'est développée au cours de 2022 à la suite de l'invasion de l'Ukraine par la Russie, dans un contexte d'affaiblissement de la macroéconomie et d'inflation élevée. Alors que certains voyaient en ce contexte un risque de ralentissement de la transition énergétique ...
  • Authors
    January 20, 2023
    This paper was originally published as a chapter within the Book, Foreign Exchange Constraint and Developing Economies, published on January 2023 (ISBN  978 1 80088 049 8).   The decade after the global financial crisis (GFC) of 2007–2009 saw signifi- cant changes in the volume and composition of capital flows in the global economy. Portfolio investments and other non-bank financial intermediaries (NBFIs) are behind an increasing share of foreign capital flows, while bank- ing flo ...
  • Authors
    Natalia Q. Cotarelli
    Vinicius A. Vale
    January 10, 2023
    This Paper was originally published on tandfonline.com   It has been recognised that the fiscal multiplier is a function of structural features of the economy and policy reaction parameters. Moreover, the debate on the magnitude of the multiplier along the business cycle has also been the subject of disputed debates. On these grounds, we look at the Greek case by calibrating a NUTS-2 interregional general equilibrium model using data for distinct states of the Greek economy during ...
  • Authors
    January 10, 2023
    Three significant changes to the macroeconomic policy regime in advanced economies, compared to the post-global financial crisis period, have unfolded in the last two years. First, fears of a chronic insufficiency of aggregate demand as a growth deterrent prevailing after the 2008 global financial crisis, have been superseded by supply-side shocks and inflation. Second, as a result of the first change, the era of abundant and cheap liquidity provided by central banks has given way t ...
  • Authors
    December 30, 2022
    L’objectif de ce papier est d’essayer d’examiner si l’implémentation du cadre de ciblage de l’inflation par la banque centrale, permet une réduction de la dette publique dans les pays émergents, à travers l'effet disciplinant du ciblage sur la conduite de la politique budgétaire en général. Pour ce faire, la méthode d’évaluation d’impact utilisée est l’appariement par score de propension ou Propensity Score Matching (PSM), qui permet l’évaluation de l’effet de traitement ...
  • December 30, 2022
    Le rôle des Investissements directs étrangers (IDE), comme catalyseur de croissance économique et facteur fondamental d’intégration dans l’économie mondiale, fait l’objet d’un grand consensus. Ce Policy Brief se focalise sur une dimension des IDE qui est le réinvestissement des bénéfices comme, non seulement une source de financement supplémentaire à travers l’expansion des IDE existants, mais également un fort signal des opportunités d’investissement pour les nouveaux i ...
  • Authors
    December 29, 2022
    The current bleak outlook for the world economy, with a likely recession in major economies, high inflation, rising interest rates, and slow productivity growth, will adversely emerging market and developing countries (EMDE) over the next few years. Unfortunately, these countries emerged from COVID-19 with less fiscal space and rising debt service payments. Policies to insulate the domestic economy from these external shocks will present policymakers with difficult choices among exc ...
  • Authors
    December 27, 2022
    En Afrique, le niveau de la vulnérabilité économique des pays reste élevé et représente un obstacle à la croissance économique et à la réduction de la pauvreté. Ce constat nous mène à étudier cette problématique pour un échantillon des pays africains les plus exposés aux chocs économiques. En effet, ce travail a pour objectif principal d’identifier les effets des composantes des deux indicateurs de vulnérabilité et de résilience économique sur le niveau de reve ...
  • Authors
    Clément Therme
    December 23, 2022
    La présence iranienne en Afrique est une question à la fois idéologique, économique et sécuritaire. La politique africaine de l’Iran a connu un nouvel élan avec la Révolution de 1979. Dans le cas de la politique africaine, on peut qualifier ce tiers-mondisme militant d’arrogant. Eneffet, dans l’imaginaire des élites politiques révolutionnaires khomeynistes, les relations avec les pays du Sud global sont à comprendre non seulement dans le cadre d’un anti-impérialisme de fa ...
  • Authors
    Ademir A. Rocha
    Vinicius A. Vale
    December 22, 2022
    There is a long tradition in transportation planning research in quantifying remoteness in the context of accessibility indicators. Considering an existing system’s network structure and its components’ performance, it is possible to assess the socio-economic impacts of changes in the physical characteristics of specific links that affect critical locations. Nonetheless, the connection between changes in accessibility and their socio-economic consequences frequently relies on using ...
  • December 14, 2022
    Inflation is back on the agenda. The rise of inflation occurred in the aftermath of the global activity rebound out of the COVID-19 when global value chains were severely disrupted and have been contending to recover since then. The Russia-Ukraine conflict added new strains over the glo...
  • Authors
    December 9, 2022
    The global wave of democratic retrenchment has not spared North Africa as seen in the cases of Tunisia and Sudan, where democratic transitions have stalled or regressed into autocracy. How do to explain Tunisia and Sudan’s troubled transitions from authoritarian rule? Both states are attempting to transition from single-party authoritarianism. In both cases, economic crises exacerbated by COVID, the Russian-Ukraine war, and involvement by external actors stymied the fragile transiti ...
  • December 8, 2022
    Cette étude concerne 33 États du continent africain où, en 2022, le % des détenteurs de cryptomonnaies de chaque pays, par rapport à sa population est au minimum de 1 %. À eux seuls, trois parmi ce groupe de pays, que sont l’Afrique du Sud, le Kenya et le Nigeria, totalisent plus de 333 millions de personnes, avec des pourcentages de leurs détenteurs de cryptomonnaies proches compris entre plus de 12 % en Afrique du Sud, plus de 11 % au Kenya et plus de 10 % au Nigeria. À l' ...
  • November 25, 2022
    Le présent travail s’intéresse à la question de l’accompagnement et la réintégration des travailleuses marocaines saisonnières en Espagne. Il met en avance l’existence de déficits à plusieurs niveaux. Des plus importants sont : une inclusion financière et un accompagnement en matière de renforcement de l’employabilité ; un accompagnement en matière d’alphabétisation financière ; un accompagnement en matière de création, et post-création, d'activités génératrices de revenus ; un acco ...
  • November 24, 2022
    This chapter was originally published in the book "Africa–Europe Cooperation and Digital Transformation", co-edited by Chux Daniels, Benedikt Erfoth, and Chloe Teevan Since the mid-2010s, North African countries have been pursuing what some observers have called a “return to Africa” (Dworkin, 2020). Egypt, Morocco, and Tunisia have attempted to position themselves as major components of Europe- Mediterranean-Africa infrastructure and supply chains corridors (Tanchum, 2020). The thr ...
  • November 22, 2022
      يعتمد مشروع قانون المالية لسنة 2023 أولويات يمكن تلخيصها في أربعة محاور تهم "ترسيخ ركائز الدولة الاجتماعية، وإنعاش الاقتصاد الوطني من خلال دعم الاستثمار، وتكريس العدالة المجالية، واستعادة الهوامش المالية من أجل ضمان استدامة الإصلاحات". ونظرا لأهمية النظام الضريبي في تحقيق الانتعاش ا...
  • Authors
    November 22, 2022
    The US dollar has risen dramatically in value against other currencies recently. Three channels through which factors affecting bilateral exchange rates operate have been pulling up the U.S. dollar: yield differentials, liquidity differentials, and growth differentials. The strong appreciation of the US dollar against other currencies recently reinforced the contractionary pressures present in the global economy. Ultimately, the “turn” or “pivot” of the dollar will most likely occur ...
  • Authors
    November 17, 2022
    This piece examines the role of labor and religious movements in the face of the “informalization” of the African economy. How does the growth of an informal sector set back class formation and labor activism? How will the rise of economic networks outside formal economic and political channels affect state capacity? Can labor unions develop organizational independence if the labor market is segmented with a growing number of informal workers? What happens when labor market “insider ...
  • Authors
    November 11, 2022
    If the recent peaceful transfer of power in Madagascar heralds a new trend, then the Malagasy people can dream big. For decades, the exercise of economic-cum-political power in the hands of a tiny elite has held the entire nation hostage. Today, the high poverty rate—around 80% (2021) stands in stark contrast to the natural resource abundance of this huge enormous island. There is hope, however, that with political stability, the Plan d’Émergence Madagascar (PEM) President Andry R ...
  • November 4, 2022
    Panel 2: Les Communautés Economiques Régionales : Quel apport à la résilience africaine dans un contexte de chocs multidimensionnels ? Modérateur:            Abdelaaziz Aït Ali, Manager – Département d’économie, Policy Center for the New South   Intervenant.e.s : Nezha Alaoui M’hamm...
  • November 3, 2022
    This chapter was originally published in CEPR's eBook "Scaling Up Sustainable Finance and Investment in the Global South" The world faces a huge shortage of infrastructure investment relative to its needs. With few exceptions, such as China, this shortage is even greater in non-advanced countries. The G20 Infrastructure Investors Dialogue estimated the volume of global infrastructure investment needed by 2040 to be $81 trillion, $53 trillion of which is needed in non- advanced cou ...
  • November 2, 2022
    This publication was originally published in Project Syndicate    Mobilizing excess savings in advanced economies for much-needed investment in green infrastructure in emerging-market and developing economies will not be easy. But it is possible, if both the public and private sectors do their parts. WASHINGTON, DC – To spur development and fight climate change, emerging-market and developing economies (EMDEs) will need huge amounts of investment in green infrastructure over the ...
  • Authors
    Nesreen Barakat
    Leila Baghdadi
    Ishac Diwan
    Ibrahim Elbadawi
    Alia El Mahdi
    Nada Eissa
    Mahmoud Mohieldin
    Mustapha Nabli
    Omar Razzaz
    Maha Yahya
    Co-directed by Ishac Diwan and Ibrahim Elbadawi
    October 31, 2022
    In the chaotic global post-COVID-19 economy, with the ongoing war in Ukraine, the challenge of adjusting to the global stagflation that is engulfing the world is particularly hard for the oil importing countries of the Middle East and North Africa (MENA) region. A regional commission of experts, working under the auspices of the Economic Research Forum (ERF), and the Finance for Development Lab (FDL), was asked to evaluate the macro-economic risks ahead, and to make recommendations ...
  • Authors
    October 28, 2022
    Le débat parlementaire sur la loi de Finances va bientôt entamer son cycle annuel. L'examen de la loi de Finances est un temps fort du débat budgétaire. Il est indéniable que la finalité de la représentation nationale est de promouvoir une logique d'efficacité des institutions du Royaume. Le débat déborde naturellement le cadre de travail des commissions et des séances publiques parlementaires pour irradier la presse, les acteurs économiques et sociaux et l'opinion publique. La diff ...
  • Authors
    October 24, 2022
    The pandemic has hit Latin America hard, and its economic recovery has been slower than in other regions. In addition to the legacy of higher public indebtedness, the pandemic left scars on the labor market and the human capital formation of future workers. The COVID-19 crisis has receded in Latin America but has left a significant toll. Reported deaths from the pandemic are currently low and converging to global levels. The average excess mortality during the pandemic was among t ...
  • October 19, 2022
    La place de l'intelligence artificielle (IA) dans notre vie quotidienne est de plus en plus importante. Ayant connu un essor considérable durant les dernières années, l’intelligence artificielle correspond aux technologies capables de traiter des sources hybrides et notamment des données non structurées. Ainsi, des tâches complexes sont déléguées à des procédés technologiques de plus en plus autonomes, en mesure d’impulser le développement économique et social du Maroc ...
  • Authors
    October 18, 2022
     This publication was originally published in the IEMed Mediterranean Yearbook 2022   The informal sector plays a major role in most MENA economies. It employs a large share of the total population and, on average, accounts for about 22% of GDP. According to the International Labour Organization (ILO), which defines informal employment as the proportion of workers without access to social security, the share of informal employment in total employment in MENA countries ranges from ...
  • October 18, 2022
    وجدت الحكومة المغربية نفسها بعد عام من بداية عملها أمام مجموعة من التحديات نتيجة سلسلة الأزمات الدولية التي اندلعت خلال السنوات الأخيرة وتداعياتها. فبعد الطموحات والأهداف المعلن عنها في البرنامج الحكومي، علاوة على الأوضاع الدولية تُطرح جملة من الإشكاليات التي تسبّبت في إعادة النظر وفي ت...
  • Authors
    Mostafa Kheireddine
    October 17, 2022
    Depuis deux décennies, le Maroc réalise de grands projets urbains qui ne manqueront pas de façonner la ville marocaine du XXIe siècle. Ce programme de développement urbain intégré concerne les grandes agglomérations. Il est considéré comme une réponse à une politique de la ville en mal de territorialisation au vu de la faible convergence des politiques publiques. Ce choix politique augure de nouveaux modes d’intervention et de gouvernance des villes. Le programme s’opèr ...
  • October 14, 2022
    En attribuant le prix Nobel d'économie 2022 à Ben S. Bernanke, Douglas W. Diamond et Philip H. Dybvig, le jury Nobel a voulu distinguer des travaux, remontant aux années 1980, qui permettent de mieux comprendre l'implication des banques dans les crises. Travaux pionniers, également, dans l'élaboration d'une théorie bancaire, où l'analyse historique est présente avec Ben S. Bernanke qui a longuement étudié le rôle des banques dans la crise de 1929, afin de ne pas renouveler les erreu ...
  • October 13, 2022
    Le réservoir de jeunes dans la région représente une mine à exploiter. Cependant, l’effet de dividende démographique reste confronter dans la région à de multiples défis. Il reste subordonné à la capacité d’accélérer le processus des réformes en mesure d’améliorer l'environnement de son...
  • Authors
    October 12, 2022
    There is an international movement to tighten monetary and fiscal policies as a response to the global inflation phenomenon. Accordingly, global economic growth projections for 2022 and 2023 have been revised downward. As inflation will decline only gradually, given the price stickiness of its core components, there is likely to be momentarily a situation of stagflation, i.e. a combination of significant inflation and low or negative GDP growth. We discuss how the current global s ...
  • October 7, 2022
    “The debate on the viability of industrial policy design based on the fragmentation of global value chains, from a cost optimization perspective, did not arise first in the wake of the Covid-19 crisis but was present long before. This industrial policy design was justified by the great development of logistics and transport across the world’s industrial clusters, which allowed just-in-time manufacturing to become the main adopted production model. However, the disruption of logistic ...
  • Authors
    Sous la direction de Larabi Jaïdi
    Muhammad Ba
    Marouane Ikira
    Pierre Jacquemot
    Brian Kelly Nyaga
    Leo Kemboi
    Moubarack Lo
    Mouhamadou Ly
    Solomon Muqay
    Dennis Njau
    Meriem Oudmane
    Kwame Owino
    Faith Pittet
    Amaye Sy
    September 29, 2022
    La succession des chocs pandémique, climatique et géopolitique a éprouvé les économies africaines. Les liens commerciaux et financiers avec le monde ne sont plus seulement considérés comme des moteurs de performance, mais aussi comme des sources potentielles de vulnérabilité. La défiance à l’égard de la mondialisation s’est accrue. Parce qu’elle est venue souligner la dépendance du continent, le dérèglement de ses rapports à la nature et sa vulnérabilité face aux tensions géopolitiq ...
  • September 29, 2022
    Une des missions de l’IGAD, sinon la plus importante, est de « promouvoir la coopération et l’intégration régionales afin d’ajouter de la valeur aux efforts des États membres pour parvenir à la paix, la sécurité et la prospérité ». Il faut relever que l’organisation fait face à une prolifération de conflits régionaux. Elle se trouve, en effet, à un moment critique et toute nouvelle perte de confiance pourrait conduire à une crise encore plus complexe. Si l’IGAD continue de subir les ...
  • Authors
    September 26, 2022
    Le Maroc a entamé la libéralisation de son commerce extérieur dès le début des années 80 du XXième siècle. Les négociations commerciales des Accords de libre-échange et les engagements contractés auprès de l’Organisation mondiale du commerce (OMC) ont constitué des moments forts dans le processus d’introduction de réformes plus substantielles au régime du commerce extérieur (engagements sur des horizons de démantèlement, établissement des listes, réforme des barr ...
  • September 23, 2022
    Relations between Rabat and Seoul have been in a state of considerable flux in every aspect since the establishment of diplomatic relations between the two countries in July 1962. The Korean embassy in Rabat is Seoul's first permanent diplomatic representation on the African continent. ...
  • September 23, 2022
    A l’occasion de l’anniversaire des 60 ans des relations diplomatiques et économiques entre la République de Corée et le Royaume du Maroc, une rencontre est organisée par le Policy Center for the New South en collaboration avec le Korean Institute for International Economic Policy (KIEP)...
  • Authors
    September 15, 2022
    Le dialogue social est à la croisée des chemins. Le deuxième round du dialogue social va être lancé aujourd’hui. À l’ordre du jour, la négociation sur des dossiers en instance depuis de longues années (le droit de grève, la représentation des syndicats, le code du travail, les libertés syndicales,…). Mais la grande question qui figure dans l’agenda des parties prenantes est bien celle de l’institutionnalisation des mécanismes d’un dialogue pérenne et efficace, en plus de celle de so ...
  • Authors
    Moubarack Lo
    Amaye SY
    September 5, 2022
    Le 1er janvier 2021, les pays africains ont lancé la Zone de libre-échange continentale africaine (ZLECAf). Les caractéristiques actuelles des économies africaines mettent, en effet, en évidence un potentiel d'échanges plus intenses, complexes et diversifiés entre les pays du continent. Elles révèlent en même temps de nombreux handicaps tels que le faible niveau d'industrialisation ou de création de valeur régionale. Plusieurs études d'impact ont été menées sur les e ...
  • Authors
    August 30, 2022
    Rwanda is famous for its remarkable socio-economic performance after the ravages of the Genocide against the Tutsis and moderate Hutus in 1994. Under the leadership of President Paul Kagame, Rwanda has followed a state-led development model with stunning results. Despite these substantial accomplishments, Rwanda is still a low-income country with extensive poverty. Its agriculture is still of low productivity and highly vulnerable to climate change. Structural transformation has we ...
  • Authors
    August 24, 2022
    Chinese economic figures released since August’s beginning have shown a slowdown in its growth. New Omicron coronavirus outbreaks in the context of the Covid-zero policy, the housing slump and heat waves have been, decelerating the economy’s pace. China’s current growth slowdown is an additional step in the trajectory of gradually declining rates that has accompanied the “great rebalancing” since the beginning of the 2010s. One significant difference now is the perception of exhaust ...
  • Authors
    August 23, 2022
    Disruptions to global value chains (GVCs) – caused by conflicts, natural disasters, and accidents that close transport routes – and that affect specific regions or sectors, are not unusual. However, in recent years and amid the Covid-19 pandemic, they have become more frequent and severe. High profile, sizeable, and repeated disruptions raise pressing questions: Is the breakdown in many GVCs a temporary glitch, or a permanent phenomenon? Have GVCs become endemically more accident pr ...
  • Authors
    Inácio F. Araújo
    Ademir Rocha
    Karina Sass
    August 12, 2022
    The Russian invasion of Ukraine on February 24, 2022, scaled up the ongoing conflict in Donbas beyond its regional borders, hindering and halting different aspects of economic life. Considering the internal geography of Ukraine’s economic structure, the damages to physical infrastructure and supply chain disruptions are likely to propagate to other parts of the country through an intricate plot of production and income linkages. From a disaggregated analysis of multiregional and mul ...
  • August 4, 2022
    Dans cet épisode d’Africafé, Gilles Yabi analyse les enjeux des inégalités en Afrique et les moyens de palier à ce manquement des économies Africaines. En compagnie de Hamza Saoudi, cet épisode passe aussi en revue les politiques publiques mises en œuvre par les Etats Africains pour com...
  • Authors
    August 2, 2022
    L’invasion russe de l'Ukraine a incité l'Union Européenne, en coordination avec d’autres puissances mondiales, à monter en urgence une réponse coordonnée de sanctions sans précédent. La plus emblématique d'entre elles est l'embargo partiel contre le pétrole et autres produits raffinés russes, qui signifie en essence la transition du commerce pétrolier d’une logique économique vers une logique géopolitique. D'où la montée en flèche des cours du pétrole et d'autres matières premières. ...
  • Authors
    Moubarack Lo
    Amaye SY
    August 1, 2022
    Avant la pandémie Covid-19, le continent abritait les économies à la croissance la plus rapide du monde et plusieurs pays africains montraient les premiers signes de transformation structurelle et de progrès vers l’émergence économique. Plus de deux ans après la pandémie et les ondes de choc qui en ont résulté, deux questions cruciales se posent : dans quelle mesure le choc sanitaire Covid-19, exacerbé par la crise ukrainienne, a-t-il constitué un tournant dans le processus général ...
  • July 29, 2022
    يخصص مركز السياسات من أجل الجنوب الجديد حلقة برنامجه الأسبوعي "حديث الثلاثاء"   لمناقشة آفاق التعاون بين كوريا الجنوبية و إفريقيا مع المصطفى الرزرازي، الباحث البارز بمركز السياسات من أجل الجنوب الجديد. شهدت العلاقات الكورية الإفريقية إنطلاقاً من العقد الأول من الألفية تطوراً ملحوظاً ات...
  • Authors
    Said El Hachimi
    July 27, 2022
    Sleepless nights and the tireless search for compromise allowed WTO members to agree on concrete deliverables during the WTO 12th Ministerial Conference held last June. Those results reinforce Multilateralism. And this is a significant gain given the multiplicity of global crises that surround us. The Outcome include 6 Agreements, Declarations and Ministerial Decisions that respond to some of today's challenges, notably on Fisheries and Ocean Sustainability as well as responses to P ...
  • Authors
    Noamane Cherkaoui
    July 25, 2022
    Foreign aid has a well-established and significant role in international relations. The role of foreign aid in the repertoire of international development programs is extensively documented, with its goal being the promotion of human and economic development. Foreign aid can be defined as “all forms of assistance that a country derives from other governments or multilateral agencies and financial institutions to fill noticeable gaps, especially in production, savings, and investment ...
  • Authors
    Joseph Hammond
    July 18, 2022
    The world is facing its worst food crisis in 70 years as a perfect storm of geopolitical events contributes to a spike in prices. Wheat alone has jumped 53% since the start of the year. Alarmingly, a number of governments have responded to the crisis with export bans. Governments and organizations worldwide must act decisively to avoid knee-jerk neo-mercantilism, which would add to the volatility in the global economy. Globalization is at a fragile moment, and mercantilism still lur ...
  • Authors
    Lahcen Oulhaj
    July 15, 2022
    Cet ouvrage est conçu pour les étudiants de Master en Sciences économiques. Il peut également être utile pour les doctorants dans ce domaine. Il présente les applications des différentes méthodes économétriques sous le logiciel R. C’est pour cette raison qu’il commence par un court chapitre de présentation de R et des données macroéconomiques de la Banque mondiale (BM) pouvant être utilisées pour l’estimation de différents modèles. Le manuel se divise par la suite ...
  • Authors
    July 6, 2022
    In the first half of this year, U.S. stock markets suffered a fall not seen in more than 50 years. The S&P 500 index on Thursday June 30 was more than 20% down compared to January, a drop not experienced since 1970. The S&P 1500 index, built by Bloomberg and incorporating companies of various sizes, has seen more than $9 trillion in stock value disappear since January. Except for energy stocks, all sectors have suffered value reductions. On Wednesday June 29, Citi announced ...
  • July 6, 2022
    Le Policy Center for the New South et Enel Green Power Maroc co-organisent un webinaire sur "la tarification du carbone et le développement économique". Cette rencontre permettra de débattre des défis, des avantages et des limites des mécanismes de tarification du carbone et de leur imp...
  • Authors
    Inácio F. Araújo
    Fatna El Hattab
    Soulaimane Anis
    June 30, 2022
    Depuis l’année 2015, le Maroc a fait de la régionalisation avancée un choix stratégique pour concrétiser sa volonté politique de mettre en œuvre une approche de développement territorial plus intégrée. Cette initiative vise à assurer un développement territorial durable, robuste et inclusif mais aussi à capitaliser sur les potentialités de chaque région en termes de ressources. Ainsi, de nouvelles structures ont été mises en place pour moderniser les services publics et améliorer le ...
  • Authors
    Fernando Salgueiro Perobelli
    Inácio Fernandes Araújo
    Miguel Stevanato Jacob
    Rodrigo Santos Ferreira
    June 30, 2022
    This Paper was originally published on sciencedirect.com   This study aims to assess the nature and the magnitude of the productive links of consumer operations made possible by the revenue generated by ride-hailing. We seek to map the interdependencies established between the consumption decisions of drivers that use the 99 app, a leading e-hailing provider, with other sectors and segments of the Brazilian economy. The dataset comprises operational information from 99 and an inte ...
  • Authors
    June 27, 2022
    Three questions to Jamal Machrouh   This article was initially published on https://www.institutmontaigne.org/   Morocco was among the countries not taking part in the March 2 UN General Assembly vote following Russia’s invasion of Ukraine. This position raised questions in Europe as Morocco is Europe's largest partner in the Maghreb. Jamal Machrouh, Senior Fellow at the Policy Center for the New South, sheds light on Morocco's perceived neutrality in the Ukrainian conflict in o ...
  • Authors
    Rishita Mehra
    June 24, 2022
    For today’s middle-income countries in Africa, innovation is essential to sustain growth and promote the transition to high-income status. This paper begins by providing an in-depth review of the region’s innovation performance during the last three decades. A distinction is made between residents and non-residents, and outcomes at different income levels. Using cross-country regressions, we then study the determinants of innovation and assess the impact of innovation on growth in t ...
  • Authors
    June 24, 2022
    In its May 15th meeting, the Federal Open Market Committee of the U.S. Federal Reserve (Fed) lifted its benchmark policy rate by 0.75% to 1.50%–1.75%, the biggest increase since 1994. The central bank also signaled an additional increase of 0.75% ahead. FOMC members also raised the median projection for the Fed funds rate to a range between 3.25% and 3.50% next year. In addition to hikes in basic interest rates, liquidity conditions in the US economy will also be affected by the sh ...
  • Authors
    Pascal Chaigneau
    Alain Oudot de Dainville
    Rodolphe Monnet
    Florent Parmentier
    Olivier Tramond
    June 16, 2022
    Les Dialogues stratégiques, une collaboration entre le HEC Center for Geopolitics et le Policy Center for the New South représentent une plateforme d’analyse et d’échange biannuelle réunissant des experts, des praticiens, des décideurs politiques ainsi que le monde universitaire et les médias au service d’une réflexion critique et approfondie sur les tendances politiques mondiales et les grandes questions d’importance commune pour l’Europe et l’Afrique. Cette publication est ...
  • Authors
    Moubarack Lo
    Mohamed Ben Omar NDIAYE
    June 15, 2022
    La question de la mise en œuvre du projet de monnaie unique de la CEDEAO a encore été au centre des discussions entre les chefs d’État de la CEDEAO lors de leur 57ème session ordinaire, tenue à Niamey le 7 septembre 2020, et lors de laquelle ils ont décidé pour diverses raisons un nouveau report à une date ultérieure, après ceux de 2003, 2005, 2009 et 2015. Les chefs d’État ont aussi évoqué l’élaboration d’une « nouvelle feuille de route », sans toutefois déterminer u ...
  • June 14, 2022
    يخصص مركز السياسات من أجل الجنوب الجديد حلقة برنامجه الأسبوعي "حديث الثلاثاء" للمشاركة الاقتصادية للنساء في الشرق الأوسط وشمال إفريقيا: التحديات والفرص مع السيد ة حياة الشوبكي، باحثة ومنسقة المشاريع في قسم العدالة الاجتماعية في معهد غرب اسيا وشمال افريقيا تسهم مشاركة النساء في الأنشطة ...
  • June 10, 2022
    Avec 38 % des réserves gazières mondiales, la Russie est un acteur majeur du marché mondial du gaz. Aussi, son invasion de l’Ukraine et les sanctions qui l'accompagnent vont désorganiser ce marché. L'objet de cette étude est d'analyser les conséquences de cette désorganisation pour l'Afrique, en distinguant le marché mondial du gaz naturel (I) de celui du marché du gaz africain (II), et ce avant la crise ukrainienne. Ce qui nous conduira à tirer les conséquences et les enseignements ...
  • June 10, 2022
    The latest IMF projections indicate that global growth will be 4.4% in 2022 after 5.9% in 2021. These projections make us very optimistic for the future, but they certainly cannot heal th ...
  • June 7, 2022
    يعتبر التضخم مقياسا اقتصاديا يعنى بتطور الأسعار في أسواق السلع والخدمات كما انه يرصد القدرة الشرائيّة. وقد شهد معدل التضخم مؤخرا ارتفاعات غير مسبوقة في بقاع عدة، قارن بعض الخبراء الاقتصاديين بينها وبين مرحلة الركود التضخمي في سبعينيات القرن الماضي، اخذين كمنطلق مجموعة من الأحداث المتتال...
  • June 6, 2022
    Le Lab de l’Emploi Maroc, dirigé par le Jameel Poverty Action Lab (J-PAL) au MIT, Evidence for Policy Design (EPoD) à la Harvard Kennedy School, en partenariat avec le Millennium Challenge Account Morocco Agency (MCA-Maroc) et le Policy Center for the New South (PCNS), organise un sémin...
  • Authors
    J. A. León
    M. Ordaz
    I. F. Araújo
    May 30, 2022
    This Paper was originally published on nature.com   The economy of a country is exposed to disruptions caused by natural and man-made disasters. Here we present a set of probabilistic risk indicators, the Average Annual Loss (AAL) and the Loss Exceedance Curve (LEC), regarding to production, employment, Gross Domestic Product (GDP), Gross Regional Product (GRP), export volume, inflation, tariff revenue, among others, due to earthquakes. All indicators are computed using a systemat ...
  • May 20, 2022
    Traders have worried that the war involving Russia and Ukraine could stoke inflation, further disrupt supply chains and derail the global economic recovery. Scarcity of food has led to ri ...
  • Authors
    May 18, 2022
    The world food price index collected for the last 60 years by the United Nations Food and Agriculture Organization (FAO) hit its highest record in March, declining gently in April. Pandemic, war and death in Ukraine, and droughts in the last 2 years… Such a combination looks apocalyptical. Now it is adding global hunger risks, because of the food price crisis. The rise in global food prices started in mid-2020 because supply chain disruptions triggered food stockpiling. Mobility r ...
  • Authors
    Sabine Cessou
    May 17, 2022
    Ce thème, abordé au Centre HEC de Géopolitique à Jouy-en-Josas, lors de la 12e édition des Dialogues stratégiques avec le Policy Center for the New South, une rencontre semestrielle, a permis de revenir dans le détail sur cette zone qui relie la Méditerranée à l’océan Indien, à la jointure de trois continents : l’Asie, l’Afrique et l’Europe. Cette route maritime qui s’étend sur plus de 2 200 km, pour une largeur qui varie de 300 km à moins de 30 km entre Djibouti et le Yémen, représ ...
  • May 13, 2022
    Depuis 2016, le Policy Center for the New South et le Centre HEC de Géopolitique organisent chaque année deux éditions des « Dialogues Stratégiques ». Cette plateforme d’analyse et d’échange réunit des experts, des chercheurs provenant de différents think-tanks et du monde académique, d...
  • May 11, 2022
    Cet atelier a servi de plateforme pour présenter les ouvrages suivants :  - L'édition 2022 du Rapport Annuel sur la Géopolitique de l'Afrique : Ce rapport est publié annuellement par le PCNS et a pour objet de relater, étudier et analyser les faits géopolitiques majeurs qui ont jalonné...
  • May 11, 2022
    The Policy Center for the New South is pleased to organize an online parallel event in the framework of the Annual Interdisciplinary Sovereign Debt Conference, organized by the Graduate Institute of Geneva, the European University Institute and the GeorgeTown University. The objective o...
  • May 10, 2022
    This is an exclusive interview with Rim Berahab, Senior Economist at the Policy Center for the New South, who engages with Helmut Sorge, Columnist at the Policy Center for the New South, in a conversation about the great threat of the climate crisis. Rim Berahab is the author of Chapter...
  • Authors
    May 10, 2022
    Les crises internationales de type de la guerre en Ukraine constituent des ruptures historiques qui induisent des changements profonds de paradigmes, mais aussi de systèmes d’alliances et de marges d’influence. Elles produisent, à terme, une nouvelle configuration des rapports de force, ce qui exige des acteurs des capacités d’anticipation et d’adaptation. Le continent Africain se trouve géopolitiquement, et en quelque sorte géographiquement, à la première loge de la guerre d ...
  • Authors
    May 6, 2022
    In addition to the deaths and destruction in Ukraine, the Russian invasion has caused several significant shocks to the global economy. In addition to the geopolitical consequences of the war, reinforcing the downward trend in trade globalization and financial integration, new rounds of disruptions to supply chains and higher commodity prices have already led to downward revisions in economic growth projections, accompanied by higher inflation. The commodity price shock, intensify ...
  • May 06, 2022
    In a large majority of countries political leaders have tried to place regional integration in the center of their economic growth and development strategies, yet, despite all attempts, A ...
  • April 29, 2022
    Following on the heels of the COVID-19 pandemic and severe drought in North Africa, the Russian invasion of Ukraine – large exporters of food and, in the case of Russia, energy— may inflict increased hunger on the food insecure in Morocco – despite mitigating measures by the government. Morocco is so far successfully shielding its large poor and vulnerable population by subsidizing essential commodities. With memories of the violent protests during the 2007/08 food and fuel crisis s ...
  • Authors
    Sebastian Carranza
    April 28, 2022
    Last March, a proposal of dollarizing Argentina’s economy arrived at its Congress. We summarize here the potential consequences of such a route in case the bill succeeds in getting approval. First, we point out the broad implications of dollarizing an economy. Then, we set out some cases of Latin American experiences with dollarization. Finally, we address the case of Argentina. The main potential benefit of dollarization would be elimination of domestic inflation, but at a very hig ...
  • April 25, 2022
    Retrouvez en exclusivité l’interview de Abdelhak Bassou, Senior Fellow au Policy Center for the New South, qui se livre à Helmut Sorge, Columnist au Policy Center for the New South, au sujet des multi-disparités présentes en Afrique. Abdelhak Bassou est l’auteur du Chapitre 5 du rapport...
  • Authors
    April 22, 2022
    Emerging market and developing economies (EMDE) face a common set of external shocks: rising energy and food prices; tightening in global financial conditions caused by the prospect of sharper interest rate hikes and anticipation of "quantitative tightening"; and return of restrictions on mobility in China, on account of the Covid zero policy, leading to slumping in growth and weakening one of the primary growth drivers for the other EMDE. However, the impacts of those common shocks ...
  • April 21, 2022
    On February 24, 2022, Russia launched a military action in Ukraine. This operation and subsequent events is having a global impact, with far-reaching political and economic implications. In the short term, the conflict will affect the global economy through three main channels: financia...
  • April 19, 2022
    يخصص مركز السياسات من أجل الجنوب الجديد حلقة برنامجه الأسبوعي "حديث الثلاثاء" لمناقشة التأثيرات الأجنبية في منطقة المغرب الكبير مع عبد الله ساعف، باحث بارز بمركز السياسات من أجل الجنوب الجديد منطقة المغرب الكبير لا تزال بطبيعتها منطقة حافلة بالرهانات العابرة للحدود، والتي تعد أكثر تعق...
  • Authors
    Abdelmounaim Fanidi
    April 19, 2022
    Suivant une analyse réaliste des relations internationales, des ‘facteurs objectifs’ ont été longtemps mis en avant pour expliquer le blocage de l’intégration régionale au Maghreb (e.g. le conflit du Sahara). Par une approche constructiviste, cet article a pour vocation d’analyser un facteur subjectif susceptible de freiner ou favoriser l’intégration maghrébine, en l’occurrence les identités nationales. Il se focalisera sur « les discours primordialistes ». Autrement dit, les discou ...
  • April 13, 2022
    Le Policy Center for the New South et le Centre pour l’Intégration en Méditerranée organisent un webinaire sur le thème « Le nexus éducation-compétences-mobilité » le mercredi 13 avril 2022 à 12:00 GMT/14:00 CET. La mobilité dans toutes ses formes -physique, des connaissances et des co...
  • April 13, 2022
    يخصص مركز السياسات من أجل الجنوب الجديد حلقة برنامجه الأسبوعي "حديث الثلاثاء" لمناقشة آثار الحرب في اوكرانيا على الاقتصاد العالمي مع فتح الله ولعلو، باحث بارز بمركز السياسات من أجل الجنوب الجديد بعد اندلاع الحرب الأوكرانية الروسية في أواخر شهر فبراير من هذا العام، كان الكل يتوجس من تدا...
  • April 5, 2022
    يخصص مركز السياسات من أجل الجنوب الجديد حلقة برنامجه الأسبوعي "حديث الثلاثاء" لمستقبل العلاقات المغربية الاسبانية مع العربي الجعايدي، باحث بارز بمركز السياسات من أجل الجنوب الجديد عرفت العلاقة الثنائية المغربية الإسبانية تطوّرًا ملحوظًا مع إعلان الحكومة الإسبانية مساندتها لمبادرة الحكم ...
  • Authors
    Sous la direction de: Idriss El Abbassi
    Mariem Liouaeddine
    April 5, 2022
    Ce livre est l’aboutissement d’un appel à communications organisé conjointement par le Policy Center for the New South et le Laboratoire d’Economie appliquée de la Faculté des Sciences juridiques, économiques et sociales (FSJES) Rabat-Agdal. Il s’agit d’un nouveau maillon dans la collaboration entre les deux institutions depuis 2015 qui consacre la volonté et l’engagement du Policy Center for the New South d’entretenir des liens étroits avec le monde académique et d’offrir a ...
  • Authors
    April 1, 2022
    Although there is no single way to understand regional integration, it is considered beneficial in all its forms. It is commonly accepted that countries that are better integrated into their regional space are more likely to benefit from their anchorage. Regional integration can take many forms and be applied in different ways. In Africa, regional economic integration, which takes place mainly through trade relations, is the most widespread model. This model of integration is often ...
  • April 01, 2022
    The Covid-19 crisis has led to major disruptions in Global Value Chains. In this episode, Otaviano Canuto answers to questions about the impact on the design of post-covid industrial poli ...
  • Authors
    March 29, 2022
    The heavy financial sanctions on Russia after the invasion of Ukraine sparked speculations that the weaponization of access to reserves in dollars, euros, pounds, and yen would spark a division in the international monetary order. China would tend to strengthen its own international payments system and accelerate the establishment of its currency – the Renminbi – as a rival reserve currency to reduce its vulnerability to moves of a similar nature against it. Countries facing geopoli ...
  • Authors
    Niranjali Amerasinghe 
    Chiara Colesanti Senni 
    Simon Dikau 
    Yaroslav Lissovolik 
    Claude Lopez 
    Serafín Martínez-Jaramillo 
    Andrew McConnell 
    Christina Parajon Skinner 
    Jon Sward 
    Viviane Helena Torinelli 
    Boyan Yanovski 
    March 28, 2022
    Climate change has quickly become one of the most pressing challenges of our society. Financial actors could play a key role in supporting and fostering a shift towards a low-carbon economy. In this context, central banks could have a primary function in both tackling climate-related risks and the ones related to the transition and, potentially, proactively redirecting resources towards green initiatives. Central banks are indeed exploring how different types of climate-related risk ...
  • March 23, 2022
    Ce Papier se donne pour but d’apporter des éclairages sur le chômage des jeunes en milieu rural en faisant recours aux résultats d’une enquête menée dans la province de Taounate. Les différentes analyses développées dans ce papier témoignent du faible niveau de qualification et de participation des jeunes et des femmes à la vie active en milieu rural ainsi que de la vulnérabilité au travail et de la faible qualité des emplois occupés par ces jeunes ruraux, particulièr ...
  • Authors
    March 16, 2022
    The 2021 German federal election brought about a historic reshuffle of the political parties’ hierarchy in Europe’s biggest economy. The Social Democratic Party are back in control of the Chancellery for the first time since 2005, as part of a three-party coalition at the federal level with the Greens and the Liberals, a first in Germany’s post-war history. Now, the federal government has turned its gaze towards its founding mission: more progress. The first 100 days of the three-pa ...
  • Authors
    March 15, 2022
    The war in Ukraine is bringing substantial financial, commodity price, and supply chain shocks to the global economy. Sanctions on Russia are already having a significant impact on its financial system and its economy. Price shocks will have a global impact. Energy and commodity prices—including wheat and other grains—have risen, intensifying inflationary pressures from supply chain disruptions and the recovery from the pandemic. The push toward relative deglobalization received fro ...
  • March 15, 2022
    تشكّل الأزمة الروسية الاوكرانية تحديا جيوسياياً غير مسبوق في القارّة الأوروبيّة منذ الحرب العالمية الثانية. فقد تسبّبت في أكبر نزوح في أوروبا منذ 1945، حيث بلغ عدد النازحين الأوكرانيين الذين هربوا من بلادهم مليوني ونصف نسمة. موازاتاً مع ذلك، عادت الى الواجهة مواضيع كثيرة، نذكر منها امكا...
  • Authors
    March 11, 2022
    The pros and the cons of regional market integration are well exemplified by the experience of Uruguay, a small, open economy in MERCOSUR, which is a highly protectionist trade bloc, dominated by Argentina and Brazil. With access to such large markets, Uruguay did raise its growth rate during the first decade of MERCOSUR, the 1990s. However, market integration as implemented in MERCOSUR was also problematic in that Uruguay suffered from the high protectionism of Argentina in the for ...
  • March 10, 2022
    Africafé est une émission du Policy Center for the New South qui décrypte l’actualité des organisations africaines et de l’Afrique. A travers de courtes interviews, l’émission tente de proposer d’aborder de manière pédagogique les enjeux des organisations africaines et l’actualité du co...
  • Authors
    March 9, 2022
    S’il est commun de catégoriser les matières premières en fonction de leur réalité physique et de distinguer, en cela, produits agricoles, énergie et métaux, on se saurait oublier que ce sont les caractéristiques économiques qu’elles partagent qui justifient le regroupement de ces produits de base sous le terme commun de « commodities ». Une analyse en profondeur révèle toutefois la mise en œuvre, par les producteurs, de stratégies de différenciation par la qualité visa ...
  • Authors
    March 8, 2022
    The contrast between Argentina’s rich natural resource endowment and its poor economic performance has been the focus of much socio-political and economic analysis. When it created MERCOSUR with its immediate neighbors, Brazil, Uruguay, and Paraguay in 1991, it had access to a trading bloc with a combined GDP of US$ 419 trillion (2019), making it the 5th largest economy in the world. Joining the MERCOSUR was a break from its protectionist past. But it did not last. Argentina greatl ...
  • Authors
    Alessandro Minuto-Rizzo
    Bernardo Sorj
    Frannie Léautier
    Iskander Erzini Vernoit
    Kassie Freeman
    Nathalie Delapalme
    J. Peter Pham
    March 7, 2022
    The COVID-19 pandemic has had a huge impact on the global economy and has challenged the best minds to rethink how to design and implement an effective recovery. Countries in the wider Atlantic region have exhibited differential trajectories in traversing the pandemic. A number of countries in Europe succeeded in vaccinating most of their eligible populations, enabling life to return somewhat to normal. A smaller group of countries in Europe could manage infection rates even more ti ...
  • March 4, 2022
    Le système monétaire international a connu de nombreuses crises. Celle consécutive à la dématérialisation régulière de la monnaie l'oblige à se reconstruire, suite au développement des crypto-monnaies et au succès du spéculatif et emblématique . Cette étude est, tout d'abord, consacrée à l'affaiblissement de ce système, avec une monnaie chinoise qui a choisi de ne plus s'y soumettre et des Etats qui dérogent à ses règles, comme le Monténégro, décidant unilaté ...
  • Authors
    March 4, 2022
    The economic sanctions against Russia announced last week by the United States and Europe following the military invasion of Ukraine are having a profound impact on the Russian economy while also having repercussions at home. As in a boxing match, the expectation is that blows to the opponent can knock them out, despite the exposure on the punching side. The United States has applied some sectoral and limited economic sanctions against Russia since the annexation of Crimea in 2014 ...
  • Authors
    Justin Yifu Lin
    Pepe Zhang
    March 3, 2022
    مقال نشر للمرة الأولى على موقع بروجكت سيندكايت   واشنطن - تُثير موجات نقص الإمدادات الناجمة عن اندلاع الجائحة المخاوف بشأن الأمن القومي في الاقتصادات المتقدمة. ونظرًا إلى شعورهم بالقلق إزاء الاعتماد المفرط على التصنيع الصيني، اقترحت كل من الولايات المتحدة والاتحاد الأوروبي واليابان مبادرات لنقل الإنتاج. وهم ليسوا بمفردهم. تكتسب عملية إضفاء الطابع الجيوسياسي على الصلة بين التجارة والصناعة والأمن المزيد من الزخم في العالم النامي أيضًا. ومن غرب البلقان إلى أمريكا اللاتينية، ترى الحكو ...
  • Authors
    Justin Yifu Lin
    Pepe Zhang
    March 3, 2022
    This article was initially published on project-syndicate.org   Supply shortages during the COVID-19 pandemic have set off a rush to reshore or nearshore production in the name of national security and resilience. But policymakers tasked with shaping new industrial policies should have no illusions that there are shortcuts to economic development. WASHINGTON, DC – Pandemic-induced supply shortages have heightened national security concerns in advanced economies. Worried about ove ...
  • March 1, 2022
    يخصص مركز السياسات من أجل الجنوب الجديد حلقة برنامجه الأسبوعي "حديث الثلاثاء" لتقييم مخرجات القمة الاوروبية الافريقية ونموذج الشراكة الجديدة بين الطرفين، مع محمد لوليشكي، باحث بارز لدى مركز السياسات من أجل الجنوب الجديد. خلال القمة السادسة التي جمعت الاتحاديين في بروكسل وضع الاتحاد الأ...
  • March 1, 2022
    Known for being a climate change hotspot, Morocco is at the forefront of a climate disaster. Consequences are already being felt, whether in the form of increasing temperature or a downward trend in precipitations, which directly threaten the water security and, by extension, the social-ecological systems of the country. The systems by which food, energy, and water are produced, distributed, and consumed heavily depend on one another. Their implicit feedbacks and links are not linea ...
  • February 28, 2022
    The Russian-Ukrainian war will have major economic and political repercussions. In this note, we focus on the war’s economic short and long term implications on the African economy. This conflict comes at very arduous context, where Africa is still struggling to set its economy on the recovery path, amid global inflationary pressures and highly uncertain context. While natural resources countries, especially energy exporters, are sensing opportunities from the crisis, other countrie ...
  • February 28, 2022
    La guerre russo-ukrainienne aura des répercussions économiques et politiques dans les années à venir. Dans cette note, nous nous intéressons aux implications économiques de la guerre sur l’économie africaine à court et à long terme. Le conflit survient alors que l’Afrique s’efforce de mettre son économie sur la voie de la reprise, dans un contexte de pressions inflationnistes mondiales et de volatilité des marchés financiers et des matières premières. Alors que les exportateurs d’én ...
  • Authors
    February 24, 2022
    Cela n’est plus à démontrer : la transition environnementale se traduit par une demande accrue pour un certain nombre de minerais et de métaux nécessaires au développement de l’électromobilité et à la génération électrique décarbonée permettant de l’alimenter. Le nickel compte parmi ceux-ci. L’essor des batteries lithium-ion crée, en effet, une forte demande pour le sulfate de nickel, alors que l’offre demeure contrainte, pour des raisons d’ordres technologique et éco ...
  • Authors
    Patricia Ahanda
    February 23, 2022
    Le Sommet Union européenne (UE) - Union africaine (UA), qui s’est tenu à Bruxelles les 17 et 18 février 2022, entend marquer un tournant dans les relations entre les deux continents. L’agenda européen pour l’année 2022 met au centre de ses priorités les relations Europe - Afrique. Celles-ci sont aussi l'un des principaux axes défendus par la Présidence française du Conseil de l’Union européenne (PFUE) et le Président français Emmanuel Macron dans de son discours inaugur ...
  • February 22, 2022
    Le sommet afro-européen des 17 et 18 février 2022 à Bruxelles marque la sixième édition de la rencontre de haut niveau entre les deux continents. Ce sommet, organisé traditionnellement en alternance entre l’Afrique et l’Europe, intervient dans un contexte régional et international marqué par la perspective de sortie de la pandémie de la Covid-19, l’épreuve de force entre l’Occident et la Russie et les turbulences que connaissent certaines régions africaines. Face à une E ...
  • Authors
    Nassim Hajouji
    February 15, 2022
    Using education and elite configurations as the main variables of analysis, this Policy Paper aims to show how higher levels of popular sector incorporation during elite conflicts, namely in the process of formulating and implementing policies related to education reforms, can negatively affect the economic complexity of developing countries. To do so, it analyzes the experiences of Mauritius and Singapore and links foundational political economy theories, particularly developmental ...
  • February 10, 2022
    La crise de la IIème République tunisienne exacerbe l’incapacité des institutions de représentation démocratique à prendre en compte les demandes socio-économiques populaires, à l’origine de la « révolution de 2011 ». Conçue dans l’objectif de rompre avec l’ancien régime bénalien, la IIème République a permis de doter la Tunisie des infrastructures politiques et institutionnelles nécessaires, lui permettant d’encadrer ses libertés, tout en définissant son régime démocratique. Or, l’ ...
  • Authors
    February 9, 2022
    Energy markets have experienced significant disruptions since the outbreak of COVID-19. In late 2021, soaring natural gas prices triggered a new crisis, leading to risks of energy supply shortages worldwide and propelling the issue of energy security to the forefront. Africa will not be spared the repercussions of this crisis, which could further increase energy inequality, which is in turn linked to other forms of inequality. Indeed, in a context of persistent inflation, the lack o ...
  • Authors
    February 9, 2022
    The geographic position of Morocco and its history makes it a strategic country when it comes to matters of international migration. Having long been considered as a country of origin, the fast paced growing development of Morocco soon brought it from being merely a sending country to becoming a transit and destination to migrants from other parts of Africa. This change in the migratory context of Morocco has led to the adoption of a series of policies and governmental actions to ta ...
  • Authors
    February 3, 2022
    COVID-19 has ravaged nearly every country in the world, with the globalization of recent decades intensifying its spread. As of mid-2021, the world had spent $16.5 trillion—18% of global GDP—to fight the disease. And that amount does not even include the most important losses such as deaths, mental health effects, restrictions on human freedom, and other nonmonetary suffering. Nearly 90% of this spending was by developed economies, with the rest by emerging market and developing eco ...
  • Authors
    February 1, 2022
    We examine the effects of trade on youth labor force participation and unemployment rates by performing fixed-effects and Arellano-Bond GMM estimations on data from 89 developing and emerging economies from 1990 to 2018. The empirical results suggest that trade openness has U-shaped effects on youth labor force participation rates, with negative impacts at low-to-moderate levels of trade and positive but minor effects at relatively high levels of trade. Except for Latin America, the ...
  • Authors
    Morten Seja*
    Charlie Knight
    Hadley Hilgenhurst
    Amlan Banerjee
    Omair Azam
    January 31, 2022
    Setting the Scene for the Current State of Inclusive Green Finance Climate change is one of, if not the biggest, challenges facing the world. The challenge extends to banking regulators, who, in addition to other responsibilities, are now tasked with ensuring financial inclusion and climate change mitigation. However, central banks realizing how important inclusion and climate change are is only the first step. As part of this process, they need to understand how to define Inclusiv ...
  • January 31, 2022
    According to the Oslo Manual, innovation can be defined as “the implementation of a new or significantly improved product (good or service), or process, a new marketing method or a new organisational method in business practices, workplace organisations or external relations” (OECD, 2005, p. 46). For today’s middle-income countries in Africa, innovation is essential to sustain growth and promote the transition to high-income status. This paper begins by providing a summary of theore ...
  • Authors
    January 31, 2022
    On January 28, both Argentina’s government and the International Monetary Fund staff made announcements about an understanding on new support program. Meanwhile, in addition to the payment of an amortization due on January 28, another payment is also expected in the first week of February. Both payments relate to the previous package, approved in 2018 and substantially disbursed thereafter. Non-payment could sour relations at a critical moment for a new program to be approved by the ...
  • Authors
    January 26, 2022
    COVID-19 has caused serious damage throughout the entire world. As of mid-2021, the global fiscal cost of COVID-19—excluding the most important consequences, such as human lives, mental health effects, restrictions of human freedom, and other non-pecuniary components, have amounted to at least $16.5 trillion, about 18% of world GDP (Dinh 2021). Financial support has varied across countries depending on income level, political willingness, and the extent of the pandemic in each econo ...
  • Authors
    January 26, 2022
    The year began with simultaneous signs of a slowdown in global economic growth and a reorientation toward tightening of monetary policies in advanced economies. In its latest Global Economic Prospects released on January 11, the World Bank forecasts that, after a global growth surprisingly at 5.5% last year, it should moderate to somewhere around 4.1% and 3.2%. % in, respectively, 2022 and 2023. In addition to the effects of omicron at the start of the year, less fiscal support and ...