Science and technology is seen as a key driver of a nation’s economic fortunes. How is the African continent faring a decade after the first major global survey on countries’ performance?
South Africa’s lack of a clear policy direction, poor leadership, corruption and electricity supply problems will be the major constraints to its economic growth over the next 20 years.
The demand for agricultural products in Africa is expected to rise over the next 35 years due to factors such as population growth, urbanisation, economic growth and changing diets.
Greece can learn a lot from Africa’s 1980s and 1990s experience of living with structural adjustment (austerity). The damage has been long-lasting – not only on economies, but also directly on people.
Sub-Saharan African countries have the lowest trade among themselves compared with other regions. This is why there has been a major focus on reducing red tape and other non-tariff trade barriers
Africa’s growth failure happened because of a combination of external economic shocks and a less-than-perfect policy response, from both international donors and national economic policymakers.
China’s formal climate target shows that the world’s largest greenhouse emitter is determined to green its economy on an unprecedented scale - and that it can bring the rest of the world along for the ride.
Jeb Bush recently announced his candidacy for president by declaring that “our country is on a very bad course” and promised to fix this with the striking promise of “4% growth, and the 19 million new…
Remittances may hinder the development of democracy in sub-Saharan Africa. A lot depends on whether recipients value rights and freedom much more than improving their standard of living.
The South African Reserve Bank is a fine example of clear communication of the decision whether to hold, increase, or decrease interest rates. It also gives clear signals of future decisions.
Nigeria has been among the fastest growing economies this past decade but only 25% of the country’s population has benefited from this growth, leaving the majority trapped in the informal sector.
How realistic are expectations about Africa’s economic prospects? There are several reasons why we should be both optimistic and cautious about the continent’s future economic performance.
After decades of the fastest economic growth in the world, China’s economy has started to slow down. This is perhaps inevitable, given an average annual growth rate of around 10% was sustained for almost…
Principal Research Fellow, Melbourne Institute of Applied Economic and Social Research, and Professor of Economics, Department of Economics, The University of Melbourne