#AD2019| Andreas Kraemer: "8 years later we find that it is a community building in progress"

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 ...

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 ...

Oil dominates Nigeria’s economy- “Africa’s Giant”. Oil revenues are both a blessing and a curse: a blessing because they are the single most important contributor to government revenues; a curse because, through the Dutch Disease, they undermine the productivity and competitiveness of other non-oil sectors, primarily agriculture and agri-processing; and manufacturing, two major sources of non-oil employment and incomes. Since Nigerian governments did not try to counter the Dutch Dis ...

From socio-economic crises to the scourges of war, through natural disasters and environmental degradation, the world's history is marked by events leading to mass migration, exacerbating the phenomenon of climate refugees. Today, environmental phenomena prompt many inhabitants to choose exile in search of more stable horizons. It is essential to note that no legal text, either global or regional, considers the case of climate refugees. Given the lack of a specific legal regime for ...

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 ...