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May 30, 2019This paper empirically examines the impact of exchange rate arrangements on current account imbalances within the African context. Following Friedman’s hypothesis (Friedman, 1953), we test the propositions stating that flexible exchange rate regimes limit the magnitude of real external shocks and permit smoother adjustments of external imbalances. Using a new de facto exchange rate regime classification, we employ two empirical methodologies to test this hypothesis: we first apply a ... -
May 24, 2019On the eve of Britain’s exit from the European Union, the country is redefining its international approach. The United Kingdom has already taken action by becoming involved in new economic commitments, new trade agreements in Commonwealth countries but also from a diplomatic point of view in West Africa. While development aid remains a focal point of its intervention in Africa, it risks being undermined by the Brexit and its economic consequences. However, the United Kingdom is now ... -
The escalating China-US trade dispute: economic and geopolitical implications for Sub-Saharan AfricaMay 22, 2019The trade tensions between the United States and China will cause only minor immediate damage to their giant economies. However, tariffs have important and diverse effects on individual sectors and cause heightened uncertainty. The main adverse effects on Sub-Saharan Africa will therefore be through global investor confidence, economic growth and commodity prices, and these effects could be severe if the dispute escalates further and endangers the rules-based trading system. The tra ... -
May 17, 2019Sur quelles contraintes faut-il anticiper lorsqu’on évoque la croissance de l’Afrique? Comment guider les décideurs politiques dans les priorités à définir pour piloter l’économie et arriver à bon port dans le monde qui vient? Le séminaire organisé le 11 avril à Paris par le PCNS et le Centre de développement de l’OCDE a apporté des éléments de réponse. La discussion s’est ouverte en prenant appui sur le rapport de référence publié en 2018 par l’Union africaine et l’OCDE sur les “D ... -
May 2, 2019يعاود الفاتح من ماي اطلالته السنوية لينقش في الذاكرة تخليدا لأرواح نقابيي شيكاغو التي ضحوا بها في منتصف ثمانينيات القرن التاسع عشر إيمانا بضرورة تحسين شروط وظروف العمل، ووجوب حصر ساعاته اليومية في حدود الثمانية. وبعد قرابة ثلاثين عاما على أحداث شيكاغو، سيعرف المغرب - مع انتشار العمل المأجور خلال فترة الحماية - تأسيس أولى نقاباته، بمفهومها الحديث، بعد ترخيص الاقامة الفرنسية لنشاطات كل من "الجمعية العامة لموظفي الحماية" في ماي سنة 1919, يليها "تجمع الشحن والافراغ المغربي" في يونيو، ث ...
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April 30, 2019In a globalized world, the ability of countries to innovate is crucial to creating high levels of value added and enhancing economic competitiveness. Silicon Valley, USA, is a development model that many African countries seek to emulate by creating «African Valleys». The success of major US corporations has persuaded a great number of players that new technologies are essential drivers of growth, and several states have implemented policies to stimulate the development of start-ups ... -
April 25, 2019L’économie marocaine se trouve aujourd’hui à une étape cruciale de son évolution. Le ralentissement tendanciel de la croissance, persistance du chômage de masse, faibles gains de productivité, perte en compétitivité, lenteur de la transformation structurelle, approfondissement des inégalités, déclassement social... etc. sont autant d’indicateurs, dont la liste n’est pas fermée, qui plaident pour le dépassement du modèle de croissance poursuivi depuis plusieurs années. La nécessité d ... -
April 18, 2019The economic picture in South Africa is clear and well known: low economic growth, high unemployment rates, and constrained fiscal policy threatened by rating agencies. The causes of such situations are diverse and both internal and external. How can growth be boosted? The African continental free trade area offers a great opportunity to South Africa to take advantage of the continent’s more than one billion of potential consumers and build a new growth paradigm based on export (rat ... -
April 12, 2019Access to electricity is a key factor for the future of the African continent. Energy poverty and lack of universal access to electricity services are, in fact, remarkably hurting human progress in Africa. Today, sub-Saharan Africa hosts 14 percent of the world’s population but 60 percent of the world’s people without access to electricity: of the more than 1 billion people globally who had no access to electricity, around 600 million lived in the region. In these conditions, many A ... -
April 10, 2019Africa is experiencing a demographic boom, so as its population is expected to double by 2050 to reach 2.8 billion. The growth in Africa’s working-age population will be inevitable. The youth population will also grow to make of Africa the continent of youth ‘par excellence’, so as it will hold the largest number of young people in the globe. Source: UN DESA | United Nations Department of Economic and Social Affairs, 2018 Against this outlook, economic growth is essential for Afric ...
