Money begets money. That is the logical justification for debt accumulation. The pursuit of economic prosperity or at least survival amidst limited economic growth explains why countries borrow. Debt is considered a stimulant – borrow, invest in productive activities, and reap the benefits of growth. However, as countries emerge from the troughs of the pandemic-induced…
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Is Africa experiencing a coup culture resurgence? No less than 220 coups – attempted and successful – had been perpetrated in Africa since the 1950s, exceeding records from any other continent in the world. It is estimated that three of every four coups in the world take place in Africa, and the situation is even…
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By November 3, the United States of America (USA) will be making a choice between a Trump or Biden presidency. Increased uncertainty on the outcome of the elections drove jitters on major US equity indexes last week, as the markets priced in the possibility of an election contest given the increased adoption of mail-voting as…
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There’s been a paradigm shift in the global world economic order. The third wave of globalization that began in the 1970s is slowly winding down, and the coronavirus pandemic could just be the final nail on the coffin. Severe pandemics can have extremely important and potentially long-lasting lopsided economic consequences. As the world emerges from…
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Africa is an exceptional region with uneven patterns in economic growth, development, population distribution, and stability among member countries. The region is resource-rich, but its resource wealth is one of the lowest among the world’s developing regions. Africa is blessed with a vast amount of human capital, a burgeoning middle-class, and remains the fastest-growing continent.…
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