Economics

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    Okonjo-Iweala’s reflections on the challenges of fighting corruption in Nigeria

Okonjo-Iweala’s reflections on the challenges of fighting corruption in Nigeria

Popular abroad but under-appreciated at home, Olu Fasan explores the conundrum that is Dr Ngozi Okonjo-Iweala after her recent public lecture at LSE.

On 16 May 2018, Dr Ngozi Okonjo-Iweala, former managing director of the World Bank and Nigeria’s two-time finance minister, who was also a foreign minister, came to LSE. Her mission was to talk about her latest book, […]

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    #PublicAuthority: What should the IMF do differently in Fragile States?

#PublicAuthority: What should the IMF do differently in Fragile States?

Duncan Green sets out how the International Monetary Fund can improve its engagement with fragile states.

This article is part of the #PublicAuthority blog series, part of the ESRC-funded Centre for Public Authority and International Development.

I took part in a really interesting discussion about the role of the IMF in fragile states in October 2017. Chatham House rules, so no names, no institutions. The Fund […]

  • A child's drawing of corrupt officials in Kenya
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    Bribery, Cooperation, and the Evolution of Prosocial Institutions

Bribery, Cooperation, and the Evolution of Prosocial Institutions

LSE’s Michael Muthukrishna discusses how the science of cooperation and cultural evolution will give us new tools in combating corruption.

There is nothing natural [1] about democracy. There is nothing natural about living in communities with complete strangers. There is nothing natural about large-scale anonymous cooperation. Yet, this morning, I bought a coffee from Starbucks with no fear of being poisoned or […]

November 13th, 2017|Economics, Featured|0 Comments|
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    There is No “Case for Colonialism”: insights from the colonial economic history.

There is No “Case for Colonialism”: insights from the colonial economic history.

Yannick Dupraz and Valeria Rueda discuss why colonialism is not a development policy to be judged on the basis of a careful cost-benefit analysis.

 

Third World Quarterly recently published a paper in which Bruce Gilley, a political scientist, argues in favour of a modern and improved colonialism. Internally, its argument is profoundly inconsistent, and Sahar Khan already had the patience […]

October 17th, 2017|Economics, Featured|2 Comments|
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    Sluggish recovery by low-income countries could be Africa’s next big challenge

Sluggish recovery by low-income countries could be Africa’s next big challenge

Underperforming currencies, constrained budgets and inflation pose policy dilemmas for many countries, writes Julians Amboko.

 

In April 2017, the World Bank tabled a fairly optimistic forecast for commodity prices for 2017 and 2018 anticipating: crude oil to average $55 per barrel in 2017 before nudging further north to $60 in 2018; a 26 per cent rise in the price of energy commodities […]

September 13th, 2017|Economics, Featured|0 Comments|
  • Permalink Arcades Shopping Mall in the centre of Lusaka is just one of many shopping centres springing up in Zambia
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    Why Zambia’s Mall Mania Poses Serious Problems for the Country’s Development

Why Zambia’s Mall Mania Poses Serious Problems for the Country’s Development

Zambia is experiencing mall mania, with millions of dollars in foreign capital pouring into retail property developments. What might this hyperconsumerism mean for the country’s long term development trajectory? Muna Ngenda discusses how unfiltered inflows of foreign investment can underdevelop emerging economies.

Zambia is a relatively small developing country (population of 16 million and GDP of $21 billion) in constant […]

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    Book Review – Clothing Poverty: the Hidden World of Fast Fashion and Second-hand Clothes by Andrew Brooks

Book Review – Clothing Poverty: the Hidden World of Fast Fashion and Second-hand Clothes by Andrew Brooks

Clothing Poverty should be of immense intellectual stimulation to anyone searching for inspiring examples of writing about a capitalist system as a whole rather than isolated capitalist actors, says Dagna Rams.

 

Many of us, clothes consumers in the West, are aware of the poor working conditions in Asian sweatshops existing side-by-side with multinational companies’ growing revenues. In this context, donating […]

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    Migratory flows, colonial encounters and the histories of transatlantic slavery

Migratory flows, colonial encounters and the histories of transatlantic slavery

Olivette Otele argues that economic considerations and research about the development of Africa could very well be intellectual wars by proxy over racial superiority and over the question of what Europe could have achieved with or without enslaved Africans as commodities, labour and reproductive tools.

Over the last 80 years or so, the history of the transatlantic slave trade and […]

A New Vision for Addressing Youth Unemployment in Africa

Marta Santoboni and Alexandra Karlsson highlight the need for a long-term strategy for combating African youth unemployment that incorporates investing in economic upgrading, linkages within domestic economies, strengthening regionalisation and negotiating for more favourable global trade agreements.

Africa’s youth population is expected to double to 830 million by 2050 . Whereas corporate and grey literature cherishes this growth as a […]

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    Book Review – Volunteer Economies: The Politics and Ethics of Voluntary Labour in Africa, edited by Ruth Prince and Hannah Brown

Book Review – Volunteer Economies: The Politics and Ethics of Voluntary Labour in Africa, edited by Ruth Prince and Hannah Brown

LSE’s Jordan Vieira describes the book as a valuable contribution to the study of Africa that showcases the many benefits of situating ethnographic work within its historical, socio-political, and economic contexts.

 

‘Volunteering’ has been an increasingly prevalent mode of activity around the world for a myriad of reasons, and Africa’s changing social configurations make for a rich field in which […]

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