Nobel laureate and Kwame Nkrumah’s economic adviser Arthur Lewis saw Ghana as a testing ground for his ideas on economic development. But he was met with fierce resistance.
Forecasts are crucial for all economic and business activity. But looking into the future involves uncertainty and risk. Forecasts may be inaccurate, which creates a serious dilemma for policy makers
Recent studies show that development aid to poor countries contributes in the long term to their economic growth. But the aid architecture has adapted slowly to a new reality.
The international conference for the economic recovery of Mali resulted in promises of substantial aid, but the areas targeted fail to address the country’s real needs.
A group of junior doctors, nurses and healthcare workers will not be employed by the Malawian government this year as it is cuts its wage bill to satisfy its international donors.
The US may not like it, but by devaluing the yuan the People’s Bank of China has done what longtime critics of China’s currency policy have long been clamouring for.
If Greece exited the Eurozone it would face several years of economic chaos. But it would be the master of its own destiny. The current EU offer will further destroy the Greek economy.
Backed into a corner as the banks reached the brink, the Greek prime minister may have fashioned some sort of success, and the prospect of something approaching debt relief a little down the line.