Emerging Markets

  • Are Bad Habits Stifling Africa’s Economic Potential?

    Are Bad Habits Stifling Africa’s Economic Potential?

    Ever since the start of their post-colonial era, problems such as corruption, poor governance, ethnic divisions and poor infrastructure have continued to haunt several African economies in their quest for sustained economic growth. Can these issues be overcome and will Africa live up to its promise?

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  • Kenya’s Slow & Painful Path To Vision 2030: A Result Of Human Failure?

    Kenya’s Slow & Painful Path To Vision 2030: A Result Of Human Failure?

    READER SUBMISSION –By 2030, Kenya, East Africa’s largest economy, hopes to become a “middle-income country providing a high quality life to all its citizens”. Yet while the government’s Vision 2030 plan is strong in ideology and rhetoric, it neglects to compensate for the true problem in the country: human failures such as endemic corruption, poor governance, and low productivity.

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  • Will Argentina’s Energy Aggression Isolate The Nation?

    Will Argentina’s Energy Aggression Isolate The Nation?

    Angering Spain by seizing and nationalizing a majority of Repsol's shares in YPF and ramping up the rhetoric over the Falkland Islands as exploration deals promise to make the territory a major oil player overnight, Argentina is making few friends in the fossil fuels industry these days. Sam Logan, owner of the Latin America-focused private intelligence boutique, Southern Pulse, speaks to Oilprice.com about the politics of populism behind Argentina's energy aggression.

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  • Can Africa Break Its Resource Curse?: Joseph Stiglitz

    Can Africa Break Its Resource Curse?: Joseph Stiglitz

    Resources should be a blessing, not a curse; yet contrary to common sense, resource-rich countries in Africa have tend to experience less economic growth in the long run than those deprived of natural riches. The new discoveries of natural resources in several African countries – including Ghana, Uganda, Tanzania, and Mozambique – thus raises an important question: will these newly enriched countries be able to avoid the “resource curse”?

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  • Why Foreign Aid Skeptics Are Wrong: Jeffrey Sachs

    Why Foreign Aid Skeptics Are Wrong: Jeffrey Sachs

     

    In 2010, global donor aid for low-income countries reached $26.9 billion, leading to major successes in public health and saving millions of lives. Yet, there are still some who would have you believe that all the funds are going to waste, and that aid-supported programs should be halted immediately.

    NEW YORK – The critics of foreign aid are wrong. A growing flood of data shows that death rates in many poor countries are falling sharply, and that aid-supported programs for health-care delivery have played a key role. Aid works; it saves lives.

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  • The YPF Takeover Will Not Solve Argentina’s Energy Problems: Alieto Guadagni

    The YPF Takeover Will Not Solve Argentina’s Energy Problems: Alieto Guadagni

    Argentina’s decision to nationalise YPF – a subsidiary of Spanish energy company Repsol – has been met by international disapproval; though the Argentine government insists that the move had been necessary in order to meet its energy needs. Yet this may not turn out to be the case, particularly with investment in exploration greatly reduced.

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  • Will Africa’s Wet Dreams Turn Into A Nightmare?

    Will Africa’s Wet Dreams Turn Into A Nightmare?

    Scientists have discovered a vast reservoir of groundwater located within Africa, which is said to contain a hundred times the amount of water found on the continent’s surface. But while the news has already sparked excitement across the once water-scarce continent, this joy will be short-lived unless global leaders exercise moral and social responsibility.

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  • Emerging Markets Need A Higher-Education Rethink: Shaukat Aziz

    Emerging Markets Need A Higher-Education Rethink: Shaukat Aziz

    The rise of emerging markets to prosperity and global influence will be short-lived unless the challenges to longer-term economic growth are addressed. But, a massive increase in the number of competent and motivated leaders and professionals will be needed in order to overcome these challenges head-on. A major transformation of tertiary education in emerging markets is thus a fundamental condition of sustainable growth.

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  • Zimbabwe’s Descent Into Darkness: Robert Mugabe & The Energy Crisis

    Zimbabwe’s Descent Into Darkness: Robert Mugabe & The Energy Crisis

    Zimbabwe consumes more energy than it can produce; and in order to meet this energy shortfall, the country has been importing energy from its neighbours. But what happens when Zimbabweans can no longer pay for their energy, and how did the country get into this situation in the first place?

    In the 32 years of his benighted rule, Zimbabwe’s President Robert Gabriel Mugabe has done more damage to the country than its former white-led minority government ever did.

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  • How Will The Latest US Sanctions on Iran Affect Africa’s Largest Economy?

    How Will Oil Sanctions On Iran Affect Africa’s Largest Economy?

    The latest round of US sanctions on Iran has left many countries scrambling for new sources for oil. South Africa, who receives nearly 25 percent of its need from Iran, is no different. Yet for South Africa, the situation is further complicated due to its long ties with Iran. Additionally, as the only the nation in the world to have voluntarily surrendered its incipient nuclear weapons program, South Africa could be a crucial player in Iran’s nuclear talks.

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