Dialogue Session - Vision on the World Political and Economic Prospects

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 ...

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 ...

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 ...

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 ...