27 Items

Blog Post - Views on the Economy and the World

Addressing Commodity Price Volatility in Algeria & Morocco

| June 11, 2016
I recently visited Algeria and Morocco.  Like so many other developing countries, they are dealing with the sharp decline in global commodity prices that has taken place over the last few years.  In meetings in Algiers and Casablanca, I offered four concrete ideas for policies to help commodity-exporting countries deal with global price volatility.  The four proposals, very briefly, are: (1) hedging with options (as Mexico does), (2) commodity bonds, (3) countercyclical fiscal institutions (like Chile’s), and (4) central bank targeting of a currency-plus-commodity basket.

Blog Post - Views on the Economy and the World

Fiscal Education for the G-7

| May 26, 2016
As the G-7 Leaders gather in Ise-Shima, Japan, on May 26-27, the still fragile global economy is on their minds.  They would like a road map to address stagnant growth. Their approach should be to talk less about currency wars and more about fiscal policy.Fiscal policy vs. monetary policyUnder the conditions that have prevailed in most major countries over the last ten years, we have reason to think that fiscal policy is a more powerful tool for affecting the level of economic activity, as compared to monetary policy.

Blog Post - Technology and Policy

Statement on Agricultural Biotechnology

| Sep. 30, 2015

My work on agricultural biotechnology for Africa dates to the mid-1980s. My first major publication on the subject in 1989 was entitled The Gene Hunters: Biotechnology and the Scramble for Seeds. This was nearly seven years before the first commercial release of the transgenic crops in North America. The focus of my work has been on identifying technologies that could contribute to sustainable development in Africa. I have advocated policies that seek to reduce the negative consequences of new technologies while maximizing their impacts.

Blog Post - Views on the Economy and the World

A Pre-Lima Scorecard for Evaluating Who is Doing their Fair Share in Pledged Carbon Cuts

| Nov. 19, 2014
Those worried about the future of the earth’s climate are hoping that this year’s climate change convention in Lima, Peru, December 2014, will yield progress toward specific national commitments, looking ahead to an international agreement at the make-or-break Paris meeting to take place in December 2015.The precedent of the Kyoto Protocol negotiated in 1997 is more discouraging than encouraging. It was an encouraging precedent in that countries were politically able to agree on legally binding quantitative limits to their emissions of Greenhouse Gases, to be achieved with the aid of international trading and other market mechanisms.

Blog Post - Views on the Economy and the World

The Ibrahim Prize for Excellence Among African Leaders

| Oct. 21, 2013
On October 14, the Mo Ibrahim PrizeCommittee announced, for the second year in a row, that it had not found anyone to whom to award its Prize for Achievement in African Leadership.The Prize is given to a recently-retired Executive Head of State or Government in Africa who satisfies the criteria of having been democratically elected, having left at the end of his or her constitutionally mandated term, and having demonstrated exceptional leadership.  The winner receives $5 million paid over ten years, followed by $200,000 annually for life, which makes it the world’s most valuable annually awarded prizeThe Mo Ibrahim Foundation supports other valuable activities as well, especially the annual rating and ranking of countries in the Index of African Governance, which was also released October 14.

Blog Post - Technology and Policy

Doctoral Training in Science and Engineering in Africa

| June 03, 2013

The global community is increasingly facing critical challenges in healthcare, energy, sustainability, and agriculture.  These issues are technologically complex, requiring scientific literacy among politicians, policymakers, and populations in both developed and developing nations.  Moreover, these issues demand innovative discoveries, requiring well-trained engineers to both invent creative and cost-effective solutions as well as inform decisionmakers on relevant technical considerations.

Blog Post - Technology and Policy

Africa's New Science and Innovation Agenda

| May 14, 2013

I am on my way back from the World Economic Forum (WEF) meeting in Cape Town, South Africa. This was a remarkable meeting with an overwhelming intellectual energy. The event was unique in many respects. But foremost, it was anchored by a preliminary meeting of the Grow Africa venture where private enterprises have pledged $3.5 billion in support to African agriculture. This was a serious event that involved heads of state and government from eight African countries. I had the unique opportunity to be part of a small group of people working to connect science and technology with the larger business agenda of WEF.

Blog Post - Technology and Policy

Engineering the Future

| Mar. 18, 2013

The rise of emerging markets is heralded as a force that will change the global balance of power. But behind the rise of the new economies lies a strong commitment to leveraging engineering as a foundation for economic transformation. Engineering provides the basic foundations for economic growth such as energy, transportation, irrigation, and telecommunications. Yet the men and women who build and maintain these systems are hardly recognized. The announcement of the inaugural Queen Elizabeth Prize for Engineering will go a long way toward helping the international community appreciate the role that engineers have played in making modern civilization possible.

Blog Post - Technology and Policy

Africa and Brazil at the Dawn of New Economic Diplomacy

| Feb. 26, 2013

In recent years the major focus of China’s engagement in Africa has been on economic diplomacy. Much of this debate has been influenced by concerns over China’s rise as an economic superpower and the preoccupation with viewing Africa through the jaded natural resource lens. A closer look at Africa’s growing economic diplomacy reveals a more complex picture involving other important emerging market economies as illustrated by economic relations with Brazil. Africa’s relations with Brazil highlight the emergence of BRICS (Brazil, Russia, India, China, and South Africa) as a new economic alliance that is reshaping international trading relations.

Blog Post - Technology and Policy

Developing Country Farmers Bridge the “Biotechnology Divide”

| Feb. 22, 2013

  Critics of agricultural biotechnology have long contended that it would not benefit farmers in developing countries. Their concerns were not unjustified. A large number of technologies continue to be restricted to industrialized countries despite their global relevance. Farmers in developing countries, however, are bridging the “biotechnology divide.” According to a new report by Clive James of the International Service for the Acquisition of Agri-Biotech Applications (ISAAA), “For the first time, developing countries grew more, 52% of global biotech crops in 2012 than industrialized countries at 48%.