Fireside Chat : Résister à la fragmentation de l'économie mondiale

Argentina’s peso tumbled and stocks plunged after last Sunday’s primary elections. The perception of a likely victory of President Macri’s opponents – Alberto Fernandez, and running mate, Christina Fernandez de Kirchner - has sparked a new shift in investor preferences away from peso assets, pressures on the exchange rate, and hikes on sovereign spreads. Unless fears of a return to policies prevailing before Macri are assuaged, the market rout tends to deepen as a negative feedback ...

Thirty months into President Trump's radical trade policy, it is time to take stock. American firms tend to give the President the benefit of the doubt - that the aim is not protection (which most don't want) but opening up markets overseas, striking better trade deals, and reducing the nation's big trade deficit. So far, however, none of this has happened. Instead, there is virulent uncertainty, barriers against American firms are going up, Europe, Japan and China have struck impor ...

China’s economic records over the past four decades generated the intellectual curiosity of many foreign observers and researchers . The development pathway of Beijing is interesting to study as it proves that a country can take its destiny in its own hand. This paper tries to draw possible lessons from the Chinese development path to see if some of them could be adaptable to feed the development of the African countries. Introduction Forty years ago, China opened up its economy t ...

Contrairement aux autres Prix Nobel /physique, médecine, etc…/ le Prix Nobel d’Economie n’est pas attaché au testament d’Alfred Nobel, mais à un don de la Banque de Suède. C’est désormais, un Prix Nobel comme les autres, même si les premiers lauréats datent de 1969 / Ragnar Frisch et Jan Tinbergen/. Depuis, 49 autres prix ont été décernés. Au total, en 50 ans, ce sont 81 lauréat(e)s qui ont été ainsi distingués. On trouvera en annexe 1 la liste chronologique des lauréat(e)s et en an ...

Brazil's economic recovery after the deep 2015-16 recession has been the slowest on record, with GDP per capita last year remaining more than 9% below its pre-crisis peak (Chart 1, right side). The IMF's annual report on the country's economy, released two weeks ago, estimated current GDP to be nearly 4% below its potential level, which suggests insufficiency of aggregate demand (Chart 1, left side). On the other hand, as the slow recovery reflects structural factors, it is necessar ...

Richard Seshie est un Alumni du programme des Atlantic Dialogues Emerging Leaders 2017. Cet article a été précédemment publié ici.  Il prévaut fortement cette idée que nos pouvoirs publics ne sauraient jouer un rôle important pour les startups en Afrique. Dans plusieurs pays, leur nonchalance ou implication maladroite passée laisse dubitatif. Toutefois, c'est la nature historiquement extravertie de nos économies et ses implications qui devrait susciter plus qu'ailleurs un activism ...

Poker is a game for real men, cowboys, for example, ocean divers, stunt men, gambling away their meager pay. Poker is America, as oversized as trucks, egos and steaks. A gambler’s paradise. 24/24. Drinks on the house, a discount for the bridal suite. Poker made its way from quaint southern New Orleans to the rough west, where gold diggers gambled away fortunes, and settlers risked their wagons and horses for a game of cards. Decades ago, I met a descendent of this wild bunch in Las ...

Multilateral Development Banks (MDBs) have two financing windows, with different terms, dedicated to low- and middle-income countries. Countries are presumed to cross those windows as their income per capita rises, with middle-income countries (MICs) eventually “graduating” to a non-client status once they reach some criteria. However, due to what may be called “middle-income traps”, such progression toward graduation has been limited to a small number of countries. ...

Les recherches sur les sources de croissance de long terme des économies montrent qu’elle dépend plus de la croissance de la productivité que de la croissance des volumes des inputs accumulés. Au Maroc, les résultats disponibles fournissent des évidences sur le rythme très lent de la croissance de la productivité mesurée par la PTF ou le rapport production-travail. Des simulations montrent que seule une augmentation de la PTF permettra d’atteindre une croissance suffisamment élevée. ...

Despite considerable effort from the South African government to drive innovation, the investments to date have not reaped the fruits expected by both government and the private sector. I believe that if we are to realise ‘the new dawn’ in economic growth and transformation the state needs to reorganise itself to be an ‘entrepreneurial state’. This paper will proceed firstly by outlining current government action to support innovation, followed by a summary of the overarching recomm ...