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Little is known about what’s happening in Mozambique’s labour market, except that jobs are scarce for young people. Shutterstock

Nobel prize in economics: experiments are no substitute for diagnosis

The 2019 Nobel Prize in economics recognises the contribution of practical experimental work to development, but the value of putting diagnosis before treatment shouldn’t be lost.
Khayelitsha in Cape Town, South Africa. The country can’t afford to be distracted from problems of poverty, inequality and joblessness. EPA/Nic Bothma

South Africa must harness technology in a way that helps fix its problems

The ideas about the Fourth Industrial Revolution being punted by the World Economic Forum will fail to contribute to economic growth and job creation, and will amplify existing inequalities.
Informal food trade represents a critical source of employment and food security for the urban poor. Nic Bothma/EPA

Informal traders in African cities are being used as political pawns

By better understanding the politics and governance of African cities and variations across cities, we can identify feasible opportunities to improve informal traders’ livelihoods.
Central banks and other financial sector regulators have not always paid adequate attention to the sector’s impact on the environment. Shutterstock

Central banks are waking up to climate change dangers. It’s about time

Central banks are expected to act without fear or favour. But to deal with climate change, they may have to encourage financial institutions to favour certain types of activities over others.