26 Items

Electricians install solar panels.

AP/Mary Altaffer

Report Chapter - Brookings Institution

Mexico’s Energy Reforms: A Blow to Realizing the Most Competitive and Dynamic Region in the World

| Feb. 28, 2022

In late 2017, Mexico made headlines as Italian company Enel bid what was then a world-record low price for renewable energy in the country’s third such energy auction. This development was possible due to the historical and sweeping energy reforms passed with broad support in Mexico in 2013. Then-President Enrique Peña Nieto had succeeded where previous Mexican presidents had failed, reversing decades of resource nationalism and overhauling the energy sector through constitutional reforms that gave the private sector a larger role and advantaged renewable energy in Mexico’s economy. The 2017 auction seemed to indicate Mexico’s bright future not only as a conventional oil producer, but also as a clean energy power.

Tractors on Westminster bridge

AP/Matt Dunham

Paper - Institut für Sicherheitspolitik

The Global Order After COVID-19

| 2020

Despite the far-reaching effects of the current pandemic,  the essential nature of world politics will not be transformed. The territorial state will remain the basic building-block of international affairs, nationalism will remain a powerful political force, and the major powers will continue to compete for influence in myriad ways. Global institutions, transnational networks, and assorted non-state actors will still play important roles, of course, but the present crisis will not produce a dramatic and enduring increase in global governance or significantly higher levels of international cooperation. In short, the post-COVID-19 world will be less open, less free, less prosperous, and more competitive than the world many people expected to emerge only a few years ago.

Nov. 23, 2016, a train returns from transporting ballast used in the construction of the Nairobi-Mombasa railway

AP Photo/Ben Curtis

Discussion Paper - Belfer Center for Science and International Affairs, Harvard Kennedy School

African Regional Economic Integration

| Winter 2018

The power of Pan-Africanism as a guiding vision for the continent’s development is widely studied, mostly as an aspirational phenomenon. At worst, Pan-Africanism has often been seen as a poor imitation of American federalism or European integration. Both of these perceptions do not reflect the profound nature of the role that the ideology of Pan-Africanism played in shaping the continent’s economic transformation. 

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 - 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

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.