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Economic Diversification in Africa: How and Why It Matters


Carnegie Endowment for International Peace
Source: Getty
Summary:  Many African countries have placed economic diversification high on the policy agenda, yet they first need to define what it means in their specific structural and socioeconomic contexts.
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Summary
For decades, economic diversification has been a policy priority for low- and middle-income economies. In the words of former managing director of the International Monetary Fund (IMF), Christine Lagarde, “We know that economic diversification is good for growth. Diversification is also tremendously important for resilience.” Unfortunately, this goal continues to elude many African countries. In fact, the continent is home to eight of the world’s fifteen least economically diversified countries. This reality weakens the foundation of their economic transfomation and slows their pace of progress. It also ma ....

United States , Sri Lanka , Noord Holland , National Bureau Of Economic Research , South Africa , Carnegie Endowment For International Peace , District Of Columbia , International Institute , Saudi Arabia , Equatorial Guinea , World Bank , Ralf Ruhwedel , Michael Ferrantino , Francisco Garfias , Celestin Monga , Young Eun Kim , Harinder Kohli , Luigi Zingales , Guillermoe Perry , Stevenn Durlauf , Olivier Cadot , Timothy Besley , Francisco Buera , Deborah Winkler , Roberta Piermartini , Jean Imbs ,

Economic Diversification in Africa: How and Why It Matters


Carnegie Endowment for International Peace
Source: Getty
Summary:  Many African countries have placed economic diversification high on the policy agenda, yet they first need to define what it means in their specific structural and socioeconomic contexts.
Related Media and Tools
If you enjoyed reading this, subscribe for more!
Thank you!
Summary
For decades, economic diversification has been a policy priority for low- and middle-income economies. In the words of former managing director of the International Monetary Fund (IMF), Christine Lagarde, “We know that economic diversification is good for growth. Diversification is also tremendously important for resilience.” Unfortunately, this goal continues to elude many African countries. In fact, the continent is home to eight of the world’s fifteen least economically diversified countries. This reality weakens the foundation of their economic transfomation and slows their pace of progress. It also ma ....

United States , United Kingdom , Sri Lanka , Noord Holland , National Bureau Of Economic Research , New York , South Africa , Carnegie Endowment For International Peace , District Of Columbia , Columbia University , International Institute , City Of , Equatorial Guinea , Saudi Arabia , World Bank , Republic Of South Africa , J Peter Neary , Ralf Ruhwedel , Michael Ferrantino , Francisco Garfias , Fuad Hasanov , Francesco Trebbi , Harinder Kohli , Roberto Alvarez , Young Eun Kim , Heiko Hesse ,

Russia's Economic Outlook: Risks Prevail Over Drivers


Modern Diplomacy
Published 3 months ago
Geopolitical risks coupled with a second wave of the pandemic across the globe, waning activism from the largest economies in launching anti-crisis measures do not seem to be countered sufficiently by forceful drivers that would be supportive for the markets, writes Valdai Club Programme Director Yaroslav Lissovolik.
On the global scene, the support for the markets has been undermined by waning anti-crisis stimuli from the main centres of the world economy. In the case of the US the current political scene is making it increasingly difficult for the Democrats and Republicans to agree on a new stimulus package. In the case of China, the rate of recovery throughout the past months as well as the successful containment of the spreading of the pandemic limit the need for new anti-crisis measures. ....

United States , Ian Gillson , Apurva Sanghi , Deborah Winkler , National Goals , International Centre For Settlement Of Investment Disputes , World Bank , Foreign Investment Law , Strategic Investment Law , New Investment , Contracting State , International Centre , Investment Disputes , ஒன்றுபட்டது மாநிலங்களில் , அபூர்வ சங்கி , டெபோரா விங்க்லர் , தேசிய இலக்குகள் , சர்வதேச மையம் க்கு தீர்வு ஆஃப் முதலீடு சச்சரவுகள் , உலகம் வங்கி , வெளிநாட்டு முதலீடு சட்டம் , மூலோபாய முதலீடு சட்டம் , புதியது முதலீடு , ஒப்பந்தம் நிலை , சர்வதேச மையம் , முதலீடு சச்சரவுகள் ,