Otaviano Canuto on Financial Globalization

In a world confronted with unprecedented challenges and growing geopolitical rifts, is it time for a reformed and more balanced international order? What are the new propositions by the "Global South"? Are they necessarily at odds with the ones of the 'West"? Guided by these questions, 2023 marked a milestone for the “Global South” as the BRICS group invited 6 other countries to join the club, and India presided over of the G20 just after Indonesia and before Brazil. Seeking to answ ...

This Paper was originally published on sciencedirect.com   From a time-space perspective, we assess the effects of geographical proximity on technological convergence over time identifying proximity dimensions associated with countries’ technological similarities. We compare a time series of input-output coefficients for 66 different countries extracted from the 2021 edition of OECD Inter-Country Input-Output to verify whether nearby countries are more likely to share similar tech ...

This Chapter was originally published on Cape Town Chronicles   The history of debt in Africa is a long and painful one. It began in the 1980s, when the public finances of most developing countries deteriorated following two episodes of oil shocks, leading to a "lost decade" of low growth, increased poverty, and political instability. The recovery from the debt crisis only became possible following initiatives in favour of heavily indebted poor countries (HIPC) and the Multilatera ...