Strengthening Digital Services with Blockchain Technology in Africa
Africa Opinions

Strengthening Digital Services with Blockchain Technology in Africa

Tarnished by its association with cryptocurrencies in the minds of many people around the world, blockchain is actually a groundbreaking innovation expected to become commonplace in the near future. Blockchain is an extremely secure system to store and manage digital data and information.  Initially developed a decade ago to support cryptocurrencies, blockchain technology is now […]

Dangote Oil Refinery a Game-changer-Akinwumi
Africa Opportunities

Dangote Oil Refinery a Game-changer-Akinwumi

Lagos, 23 January 2022 – African Development Bank President Dr. Akinwumi A. Adesina has described the Dangote oil refinery and petrochemical plant projects as a “game-changing initiative” that will spur Africa’s development and deepen regional integration. On Saturday, the continent’s premier development bank chief toured the $19.5 billion Nigerian greenfield crude oil refinery and petrochemical production […]

The Case for Strategic Price Policies
Opinions

The Case for Strategic Price Policies

James K. Galbraith, AUSTIN – With a single commentary in The Guardian (and an unintended assist from New York Times columnist Paul Krugman), economist Isabella Weber of the University of Massachusetts injected clear thinking into a debate that had been suppressed for 40 years. Specifically, she has advanced the idea that rising prices call for a price policy. Imagine that. The last vestige of a systematic […]

Who Is Winning the Trade War?
Opinions

Who Is Winning the Trade War?

Pinelopi Koujianou Goldberg, NEW HAVEN – The United States-China trade war started in 2018 and has never officially ended. So, which side has been “winning” it? Recent research offers an unambiguous answer: neither. US tariffs on Chinese goods led to higher import prices in the US in the affected product categories, and China’s retaliatory tariffs on US […]

Why Did Almost Nobody See Inflation Coming?
Opinions

Why Did Almost Nobody See Inflation Coming?

Jason Furman, CAMBRIDGE – In 2008, as the global financial crisis was ravaging economies everywhere, Queen Elizabeth II, visiting the London School of Economics, famously asked, “Why did nobody see it coming?” The high inflation of 2021 – especially in the United States, where the year-on-year increase in consumer prices reached a four-decade high of 7% in December […]

Regime Change in the Global Economy
Opinions

Regime Change in the Global Economy

Michael Spence, MILAN – In 1979, W. Arthur Lewis received the Nobel Prize in economics for his analysis of growth dynamics in developing countries. Deservedly so: His conceptual framework has proved invaluable in understanding and guiding structural change across a range of emerging economies. The basic idea that Lewis emphasized is that developing countries initially grow by […]

COVID Goes to Court
Opinions

COVID Goes to Court

Antara Haldar, CAMBRIDGE – The coronavirus is everywhere: in the air, on surfaces, in our respiratory tracts, and, over the past week, at the US Supreme Court. On January 10, key elements of US President Joe Biden’s controversial “vaccine-or-test” mandate provisionally went into force, requiring that all workers at companies with more than 100 employees […]