Articles

Sovereign wealth funds (SWFs) have traditionally been created to recycle excess reserves from natural resource or non‐commodity revenues. However, in recent years funds are being established under conditions of capital scarcity with objectives to contribute domestic economic development, often through the buildout of national infrastructure programs. Such trends in new fund creation represent a fundamental shift in the sovereign wealth fund paradigm and raise serious questions about how these entities are to be capitalized and also the implications of capitalization models on their sustainability. This study examines the recent evolution of SWF models focused on economic development. Its analytic focus is drawn, in particular, to countries that are neither endowed with oil wealth, nor otherwise enjoy export surpluses to be used to capitalize a development‐oriented SWF. While this study is relevant to and expands the scope of the broad literature on SWFs, its specific contribution is as a focused analysis of how SWF funding sources impact achieving long‐term financial and socio‐economic development objectives.

The role of innovation and entrepreneurship is increasingly getting policy attention in emerging countries. A growing body of literature is deriving its inspiration from the work of Joseph Schumpeter. His seminal 1911 book, The Theory of Economic Development, outlined a general framework for understanding the role of innovation and entrepreneurship in economic transformation. Despite Schumpeter's influence on economic policies in industrialized countries, there has been little application of his work in emerging countries.

Cell phone use has grown faster in Africa than in any other region of the world since 2003....Of course, South Africa—the most developed nation—still has the highest penetration, but across Africa, countries have leapfrogged technology, bringing innovation and connectivity even to remote parts of the continent, opening up mobile banking and changing the way business is done.

"...[T]he rivalry between models of socio-economic development did not begin with the cold war. During the Depression, liberals sought to show that planned economic and social development was possible without the use of autocratic methods. Liberal internationalists, aware that their totalitarian ideological competitors offered their own attractive modernization programmes needed a liberal champion. In the TVA they found a global model that became nearly synonymous with liberal development because of its claim to harmonize potentially destabilizing forces. At a time when development models were features of the international discourse, the TVA distinguished itself by offering proof that large-scale, socially transformative, planning-based development was viable in a liberal democracy. The ease with which these ideas supplied an ideological strategy during the cold war illustrated the degree to which modernization had already proved its effectiveness as a weapon against ideological challenges to liberalism."

"Leaders are those who help groups create and achieve shared goals. Traditionally, the leaders in international politics have been the most powerful states. However, while hard military power counts for more in the context of international politics than it does in democratic domestic politics, even in international relations conquest, or pure coercion, is not leadership, but mere dictation. Disproportionate power, sometimes called 'hegemony', has been associated with leadership, but appeals to values and ideology also matter, even for a hegemon...."

China's Ministry of Science and Technology launched the China-Africa Science and Technology Partnership on November 24, 2009.  The ministry announced that technological cooperation will be enhanced in areas such as water management and conservation, sanitation, crop breeding, health, and renewable energy. One hundred joint research partnerships will be created, and 100 African scientists at the postdoctoral level will have the opportunity to conduct research at China's technology parks, research institutes, and private enterprises. Chinese scientists and engineers will also travel to African countries to provide technical guidance, and in order to increase the research capacities of African countries, China will also donate laboratory equipment.

Science, Technology, and Globalization Project Director Calestous Juma shared his insights into the history and future of Sino-African relations in a February 2008 interview with that's China columnist Jing Zhang.

"Efforts to introduce novel agricultural crops or foods are welcomed and supported by some politically important groups in the developing world, ignored by others, and at times opposed by a significant few. When considering the political actors on the landscape most likely to take active positions either for or against novel foods, there is little or no evidence of political resistance to any of the biofortified foods developed thus far using conventional crop-breeding techniques, yet resistance to GMO crops has been widespread for much of the past decade. Which actors on the landscape are opposing GMOs, how powerful are they, and will their opposition weaken if the current generation of GMO crops carrying improved agronomic traits is followed by a second generation of GMOs carrying improved nutrient traits?"

Innovation can help secure the universal access to modern energy and sustainability that Africa so sorely needs, says Calestous Juma.

Editorial in Science magazine's special issue on energy and sustainability.

"This introductory essay explains how this new technology is being driven by the actors (multinational corporations), markets (large global markets) and rules (intellectual property) of globalisation."