Africa is at a crossroads. As one of the most vulnerable continents to climate change and climate variability, it has a strong incentive to join global efforts to reduce greenhouse gas (GHG) emissions and bolster its adaptive capacity. At the same time, African governments are committed to industrializing their economies in order to meet the […]
Manufacturing-led development has been the traditional model for creating jobs and prosperity. But in the past three decades, the services sector has grown faster than the manufacturing sector in many developing economies. In 2019, the services sector accounted for an average of 55 percent of GDP and 45 percent of employment in developing economies. As […]
A challenge to prevailing ideas about innovation and a guide to identifying the best growth strategy for your community.Success lies in understanding the changed structure of the global system of production and then using those insights to enable communities to recognize their own advantages, which in turn allows to them to foster surprising forms of […]
The Key Man is the story of how the global elite was duped by a capitalist fairytale. Clark and Louch shine a light on efforts to clean up global capital flows even as opaque private equity firms amass trillions of dollars and offshore tax havens cast a veil of secrecy which prevents regulators, investors and […]
Digital technology, big data, big tech, machine learning, and AI are revolutionizing both the tools of economics and the phenomena it seeks to measure, understand, and shape. In Cogs and Monsters, Diane Coyle explores the enormous problems—but also opportunities—facing economics today if it is to respond effectively to these dizzying changes and help policymakers solve […]
Zero day: a software bug that allows a hacker to break in and scamper through the world’s computer networks invisibly until discovered. One of the most coveted tools in a spy’s arsenal, a zero day has the power to tap into any iPhone, dismantle safety controls at a chemical plant and shut down the power […]
This week’s issue of includes: Key Global and Regional Developments over the Past Week Eye on Egypt Special Analysis Developments in Financial and Commodity Markets in the Past Week
In this broad-ranging book Raphael Kaplinsky, a leading development policy analyst, argues that the future is not necessarily bleak. Interrogating the causes and nature of the systemic crises we are living through, he shows how the challenges which we now face mirror previous historical epochs, in which dominant ‘techno-economic’ paradigms flourish, mature and run into […]
A cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse.The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force won’t be phones or credit cards but rather […]
People in a resilient society are able to bounce back from shocks, such as pandemics and economic crises.The Resilient Society, by Princeton University economist Markus Brunnermeier, describes how individuals, institutions, and nations can successfully navigate a dynamic, globalized economy filled with unknown risks. Lacking resilience, societies, families, and individuals can reach tipping points from which […]