Addressing Extremism and Socioeconomic Challenges

His message was one of reassurance, just as a great leader has to react in a crisis. The concerns about Covid 19 was nothing but “a frenzy and psychosis”. The President knew the secret to defeat the virus: vodka, sauna, tractor. Didn’t a US president named Donald Trump suggest  that toilet cleaning disinfectants chase the virus out of infected lungs on national television? (New York Times, April 24, 2020) That was Trump-speak, sure, but the man who uttered the tractor/vodka/nonsense ...

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 ...

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 ...

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 ...

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 ...

It has been more than 100 years since Germany manifested colonial power, a dark period of history indeed. Political and military leaders, supported by its ruler, Wilhelm II, Emperor of Germany and King of Prussia, committed crimes against humanity on African land.  The first genocide of the 20th Century, mass killings of 65 000 Herero in Africa, today known as Namibia. Between 1904 and 1908, Germany suffocated humanity in concentration camps like Shark Island, forcing them into dead ...

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 ...