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10 Things You Don’t Know About Africa’s Booming Economy
Africa is no longer the “lost continent” of popular imagination. The region has been growing rapidly for over a decade, the private sector is expanding, and a new class of consumers is wielding...
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The Geography Of Poverty
WHERE do the world’s poor live? The obvious answer: in poor countries. But in a recent series of articles Andy Sumner of Britain’s Institute of Development Studies showed that the obvious answer is...
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South Africa Is A Mess. So Why Does It Get To Sit At The BRICS Big Boy Table?
This week, 5,000 delegates from developing nations have gathered in the coastal city of Durban for the fifth annual BRICS summit, and the first to be held in South Africa, which joined the association...
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Towards Digital Well Being
Tripling mobile Internet access over the next 15 years could make the developing world $22 trillion richer. Such improvement in the lives and earning potential of poor people could indirectly help with...
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Joint Communique Of Russian, Indian, Chinese Foreign Ministers’ Meeting
The Ministers agreed that Russia, India and China (RIC), as countries with important influence at international and regional levels and emerging market economies, need to further strengthen...
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A Tight Squeeze
During the financial crisis, when the global economy faced its gravest threat since the 1930s, policymakers sprang into action. To stimulate the economy, central banks slashed interest rates and...
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Here’s the $17 Trillion Reason Why the BRICS Summit This Week Is a Big Deal
Leaders of the so-called BRICS countries are meeting starting Wednesday in Ufa, Russia. Here’s what you need to know about these emerging market economies to follow the summit. Read Here – Bloomberg...
View ArticleWill China And India Always Be Poorer? Probably Not
Since 1950, middle-income countries have nearly always grown faster than expected. Looking just at the past decade and a half, current middle-income countries that had an average gross national income...
View ArticleThe Resurgence Of The Rest
The 2020s now appear likely to unfold as a typical postwar decade, with some emerging economies falling, others rising, and a few standing out as genuine stars. A few will continue to rise to...
View ArticleDeveloping economies must act now to dampen the shocks from the Ukraine conflict
The war in Ukraine could not have come at a worse time for the global economy—when the recovery from the pandemic-induced contraction had begun to falter, inflation was surging, central banks in the...
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