There are many hypotheses on why some nations fail and others become successful (see Acemoglu and Robinson 2012). While the debate rages on, an area of agreement is that the strength of institutions and their ability to adjust to shocks is an important factor.
Why reforms fail: Political-economy forces and agriculture in Africa
M. Ataman Aksoy, Bernard Hoekman, 15 May 2013
Are education policies reaching the marginalised in Africa?
Maria Kuecken, Marie-Anne Valfort, 9 March 2013
Do policies to improve educational quality perpetuate the marginalisation of children with low socioeconomic status in African schools? New research provides an answer: it reveals that these policies have no impact on academic achievement, the exception being for students with the highest socioeconomic standing.
Alberto Alesina, Stelios Michalopoulos, Elias Papaioannou, 4 February 2013
Rising inequality is increasingly a concern – spurred on by the Occupy Wall Street movement and the recent evidence. The idea that inequality spurs conflict leading to under-development dates back at least to Thomas Hobbes and Karl Marx.
Colonialism and development in Africa
Leander Heldring, James A Robinson, 10 January 2013
The Berlin Conference of 1884-1885 formalised what has become known as the ‘Scramble for Africa’. European powers arbitrarily divided up Africa between themselves and started administrating their new colonies. Seventy years later they bequeathed to native Africans countries that looked remarkably different from how they looked in 1880.
Africa can help feed Africa: Removing barriers to regional trade in food staples
Paul Brenton, 8 January 2013
Africa is not achieving its potential in food trade.
Growing demand for food in Africa is increasingly being met by imports from the global market. This, coupled with rising global food prices, is leading to ever mounting food import bills. Clearly something has to change. Business as usual with regard to food staples in Africa is not sustainable.
Jobs: The next piece of Africa’s growth jigsaw
David Fine, Susan Lund, 4 December 2012
Africa’s recent economic performance has been impressive. With average annual growth of 5.1% over the past ten years, the continent is the second fastest-growing region in the world (IMF 2012). The share of people in extreme poverty is falling.
Trade, geography, and the unifying force of Islam
Stelios Michalopoulos, Alireza Naghavi, Giovanni Prarolo, 8 December 2012
Both the Arab Spring and the ongoing struggles in Syria are giving a new shape to the Muslim world. The power of the state is shifting from dictators to Islamic parties. Naturally, the international community is following this transition closely. Will centralised, religiously based political forces succeed in bringing together the heterogeneous population of the region?
Landlocked or policy-locked?
Ingo Borchert, Batshur Gootiiz, Arti Grover Goswami, Aaditya Mattoo, 29 November 2012
We are used to thinking of landlocked countries as victims of geography. We worry that Ethiopia, Laos, Mali, Nepal, Rwanda and Zimbabwe, among others, cannot benefit fully from flows of trade, tourism and knowledge.
What economic model is Egypt going to adopt?
Mohsin Khan, 8 November 2012
The dramatic political developments since the Arab Spring have generated uncertainty and subsequent debate over the future of economic policies and economic reforms in the Arab world. This column asks:
Africa gets hit by Eurozone crisis
Monica Eaton, Michael J Ferrantino, 4 September 2012
There is currently an asymmetric contraction in merchandise trade focused on Europe. Data from CPB World Trade Monitor show real Eurozone imports declining by 7.7% in the 12 months ending May 2012, at a time when real world trade has expanded by 3.0%.
- Fiscal consolidation: At what speed?Blanchard, Leigh
- Public debt and economic growth, one more timePanizza, Presbitero
- Escaping liquidity traps: Lessons from the UK’s 1930s escapeCrafts
- The lessons of the North Atlantic crisis for economic theory and policyStiglitz
- Rethinking macroeconomic policyBlanchard
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Reichlin, Baldwin, 14 April 2013
Reichlin, Turner, Woodford
CEPR Policy Research
- The "Greatest" Carry Trade Ever? Understanding Eurozone Bank RisksAcharya, Steffen
- Political Credit Cycles: The Case of the Euro ZoneFernández-Villaverde, Garicano, Santos
- Winning by Losing: Incentive Incompatibility in Multiple QualifiersDagaev, Sonin
- Income and schoolingBrückner, Gradstein
- Monetary Policy and Rational Asset Price BubblesGalí
- How the EZ crisis is permanently changing EU institutionsMicossi
- WTO 2.0: Global governance of supply-chain tradeBaldwin
- Is US economic growth over? Faltering innovation confronts the six headwindsGordon
- The economic crisis: How to stimulate economies without increasing public debtWood
- Austerity: Too Much of a Good Thing?Corsetti