32 Items

Blog Post - Views on the Economy and the World

How China Compares Internationally in New GDP Figures

| May 31, 2020

The World Bank on May 19, as it does every six years, released the results of the most recent International Comparison Program (ICP), which measures price levels and GDPs across 176 countries.  The new results are striking.  It is surprising that they have received almost no attention so far, perhaps overshadowed by all things coronavirus.

For the first time, the ICP shows China’s total real income as slightly larger than the US.  It reports that China’s GDP was $19,617 billion in 2017, in Purchasing Power Parity (PPP) terms, while the United States’ GDP stood at $19,519 billion.

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 - Technology and Policy

Scientists can create malaria-proof mosquitoes – but is the world ready?

| June 10, 2016

The ability to edit the genetic code of organisms is hailed as one of the most profound technological achievements of the last five years. Specific techniques known as “gene drives” can transmit inheritable traits throughout the entire population of an organism. There are several ways by which gene drives can be used to control major diseases such as malaria, which killed nearly 395,000 people in Africa in 2015. One approach is to introduce gene drives that induce sterility in mosquitoes.

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

How Africa Is Shaping Its Relations with China

| Apr. 11, 2016

For a summary of Prof. Juma's Twitter chat on this topic, click here. #AskCJuma. Nigeria’s President Muhammadu Buhari is on a high-level visit to China this week. The focus of the working visit is to explore areas of cooperation between China and Nigeria on power, transport, roads, and agriculture. The visit has reopened a lingering debate on Africa-China relations. Much of this debate has focused on how China’s interests are shaping its relations with Africa. But according to a new book, Africa and China, this debate overlooks the extent to which Africans and their governments are shaping their relations with China.

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 - Technology and Policy

The Benefits of Africa's New Free Trade Area

June 11, 2015

The creation in June 2015 of a free trade area from Cape Town to Cairo is possibly the most significant event in Africa since the formation of the Organization of African Unity in 1963. It is a grand move to merge existing regional organization into a single African Economic Community. The Tripartite Free Trade Area (TFTA) includes the 26 countries that are members of the Common Market for Eastern and Southern Africa (COMESA), East African Community (EAC), and Southern African Community (SADC).

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.