Economics

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 […]

  • Permalink Maputo, Mozambique.

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    Book review – The Rise of Africa’s Middle Class: Myths, Realities and Critical Engagements, by Henning Melber(ed.)

Book review – The Rise of Africa’s Middle Class: Myths, Realities and Critical Engagements, by Henning Melber(ed.)

The Rise of Africa’s Middle Class: Myths, Realities and Critical Engagements seeks to wrestle back the African middle class debate from the Afro-optimists with mixed success, according to LSE’s Rebecca Simson.

 

Over the last few years a flurry of reports and articles by international organisations, private firms and the media have celebrated the growth of Africa’s middle class. Many predict […]

  • Permalink Nigeria Federal Inland Revenue Services (FIRS) building
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    Enhancing Tax Collection Efficiency and Compliance in Nigeria: The role of behavioural economics

Enhancing Tax Collection Efficiency and Compliance in Nigeria: The role of behavioural economics

Eustace Uzor argues that incorporating insights from behavioural economics into the operation of the Federal Inland Revenue Service (FIRS) could transform tax collection in Nigeria.

Nigeria recently increased efforts to raise tax revenues, given the permanently low oil prices. However, despite earlier tax reforms, tax revenue has remained rather low, at a tax to GDP ratio of 6.1 per cent. […]

March 20th, 2017|Economics, Featured|0 Comments|

Lessons for Ghana in the Malaysian Economic Miracle

Nikita Singla discusses the divergent paths of economic development taken by Ghana and Malaysia, two countries that used to share numerous structural similarities.

Malaysia and Ghana could have very well been referred to as identical twins just about five decades ago. Today however, even a call for comparison between the two raises eyebrows. Both Malaysia and Ghana gained independence from […]

January 11th, 2017|Economics, Featured|1 Comment|
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    The Limits of Overly Simplistic Theory in Textbook Economics: the Case of Child Labour

The Limits of Overly Simplistic Theory in Textbook Economics: the Case of Child Labour

Alexander Krauss outlines why analysing complex phenomena like child labour needs to be done using cross-disciplinary approaches and mixed methods.

Economists commonly assume that monetary poverty is the most important explanation for child labour – and for some, the only serious explanation. Yet to really understand child labour we need to get beyond the popular but reductionist, theoretical idea in […]

January 4th, 2017|Economics, Featured|0 Comments|
  • Permalink Irrigation in a smallholderfarm in South Africa 
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    The Inadequacy of South Africa’s Black Economic Empowerment policy

The Inadequacy of South Africa’s Black Economic Empowerment policy

Vrinda Chopra analyses the detrimental effects of the BBBEE on smallholder farmers and cooperatives in South Africa.

The Broad-based Black Economic Empowerment (BBBEE) of South Africa is a landmark policy for reversing the historical marginalisation of Black, Coloured and Indian people in the country. The policy outlines a scorecard that promotes non-white ownership, management, procurement and capacity building to ‘push’ […]

January 3rd, 2017|Economics, Featured|0 Comments|

Zimbabwe Bond Notes and Their Possible Long-term Legacy

Tinashe Nyamunda analyses the Reserve Bank of Zimbabwe’s efforts to address the liquidity shortage in the country.

Zimbabwe’s export incentive scheme was introduced to encourage exports and address the liquidity crunch in the country. If, for example, tobacco exporters accept bond notes, they receive a five percent incentive in addition to their export earnings. But in a country with a […]

December 22nd, 2016|Economics, Featured|0 Comments|
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    African Countries can Regain the Economic Momentum of the Past Two Decades

African Countries can Regain the Economic Momentum of the Past Two Decades

IMF’s Roger Nord shares some thoughts on how African countries can reverse the current economic downturn.

The Great sub-Saharan African Take-off

For nearly two decades starting in the mid-1990s, sub-Saharan Africa posted high rates of growth, averaging 5 to 6 per cent per year across the continent. After the lost decade of the 1980s, when per capita incomes fell, many countries […]

December 13th, 2016|Economics, Featured|0 Comments|
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    Economic solutions are crucial to help solve Somalia’s political woes

Economic solutions are crucial to help solve Somalia’s political woes

Maximilien von Berg argues that a formalised and inclusive financial sector is necessary for Somalia’s political and economic prospects to improve.

 

With the 2016 presidential contest looming, political stakes are high in Somalia. Yet, it is no secret that this race falls way short of a democratic election. This is precisely why the economy should have every development partner’s complete […]

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