Tag Archives: economic growth

Rwanda: the Singapore of Africa or an authoritarian mirage?

The country's path to economic recovery after almost 30 years of the genocide

Notorious for the bloody genocide in 1994 that shocked the international community, Rwanda is now recovering from this atrocious event — and it seems successful at it.  In 2017, Paul Kagame, president of Rwanda and former military leader, claimed the country is aspiring to be the Singapore of Africa. Singapore is internationally recognized for jumping
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Viva El Niño!

Ethiopia, El Niño-influenced drought continues to affect millions of people, deepening food insecurity, malnutrition and water shortages in affected areas. [..] It is projected that in 2016, 2.2 million children under age 5 and pregnant/breastfeeding mothers will be moderately malnourished and 450,000 children will be severely malnourished (UN-OCHA, 13 April 2016). A major problem of
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Helicopter Money

The world is changing. After the financial crisis of 2007/2008, economic growth was supposed to recover, but it did not. Central banks all over the world cut interest rates sharply to just above zero percent. It did not help either. Then, quantitative easing was invented: if the standard recipe does not work, why not try
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Secular Stagnation

We thought the crisis was fading out. We thought we had suppressed a financial crisis, a global economic crisis, a debt crisis and a Eurozone crisis. After all, economic growth rates were starting to increase, world trade starting to recover and unemployment rates starting to fall. But November 2013 Lawrence Summers made it very clear
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