Session 7: The New Trilemma of Macroeconomic Policy: Future Policy Responses

Le rêve d’un monde en développement qui voit ses inégalités se réduire, la condition de vie de ses populations s’améliorer significativement, tout en profitant du bonheur procuré par une population jeune, reste à portée de main. Les macro-économistes ne diront certainement pas le contraire quand on soutient que la plus grande invention de Robert Mundell a sans doute été l’idée du triangle d’incompatibilité. Le concept de Mundell consiste en l’impossibilité de voir coexister de faço ...

Pour le n•165 - automne 2019, Politique Internationale a interviewé Karim El Aynaoui, président du Policy Center for the New South, au sujet de la zone de libre échange continental, pour le dossier spécial « développement: les voies africaines ». Il y répond notamment aux questions suivantes : en quels termes faut-il repenser le développement  de l’Afrique ? Comment l’approche marocaine se définit-elle ? la façade atlantique de l’Afrique et l’importance de ses échanges avec l’Améri ...

The effects of new technologies on the ways in which we think, govern, work and socialize are already posing complex problems for decision-makers, citizens and corporates, leading to reactions of rejection that reflect fear or lack of preparation in coping with digital transformations. Due to these changes, the classical patterns shaping our society - be it within the political, economic, or social spheres - have been rapidly altered. With this fast-paced transformation, the general ...

Created as a State-owned company in the late 1960s, Embraer was privatized in the mid- 1990s and became the main Brazilian company producing and exporting high-technology goods. The company diversified its operations within the aircraft business and added to its portfolio goods and services associated to its core activities. ...

La décennie 2009-2019 a vu se développer les crypto-monnaies. Ce que certains appellent des unités de compte cryptées. Cette étude est consacrée à deux d’entre elles : le Bitcoin, créé en 2009, et la Libra, dont les premières devraient apparaître en 2020. Deux crypto-monnaies qui peuvent s’opposer ou se compléter. Unité de compte reconnue, le Bitcoin va vite apparaître aussi spéculatif, l’éloignant du caractère monétaire que certains veulent lui attribuer. A l’inverse, la Libra, mon ...

The growth slowdown became evident in late 2017. World GDP at market exchange rates slowed from a seasonally adjusted annual rate of between 4 and 5% in the second half of 2017 to between 1.5% to 2% in the first half of 2019. The slowdown came as a big surprise and led to continuous revisions downwards of growth forecasts as shown yet again by the IMF’s World Economic Outlook issued last week. Nearly all observers and experts had expected the expansion of 2016/2017 to continue. Tha ...

The Trump government has been imposing restrictions on access to technologies by Chinese telecommunications firms. Why and what are the consequences? The Federal Communications Commission is about to ban carriers from using government funds to buy equipment from Huawei and ZTE. Other government agencies are expected to take similar measures. This is just the latest episode of a gradual squeeze that the Trump government has been giving over China's telecommunications giant Huawei, ...

Since 2013, armed conflict has raged in the Central African Republic, between the largely Muslim Seleka rebels and the predominantly Christian militias (known as the anti-Balaka). Rebel groups are controlling broad swathes of the country, exploiting mineral wealth, and levying taxes on cattle migration. Non-state actors such as the Popular Front for the Governance of the Central African Republic (FPRC), which claims to “govern” the country’s northeast, have severely tested the autho ...

In this brief, we review the evidence on Morocco’s export concentration, discuss its causes, and then draw some policy implications. The main message is that Morocco needs to raise its game in some less familiar markets and move outside its comfort zone. This implies not only investments by private firms, greater efforts on export promotion by the government and professional associations, but also deeper changes within Morocco, including in its educational system. Over the past two ...