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Cameroon’s ‘anglophone crisis’ offers a bleak outlook
In Cameroon’s English-speaking regions, forces advocating secession from the rest of the country are gaining clout. Violent clashes are increasing, dragging down the country’s economy and displacing thousands of people. President Paul Biya, now Africa’s longest-serving leader, is still likely to win a seventh term in office this year, but ...
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Loose monetary policy could be on its way out
In March, the United States Federal Reserve kept its main interest rate on hold, while the European Central Bank cut its main interest rate to zero. The moves confirmed what investors already knew: the American and European economies still have plenty of weaknesses. But despite appearances, the Fed and the ...
Productivity is no free lunch
Europe is worried about low and declining productivity growth. Most politicians and experts have a simple solution: more high-tech investments and more education, especially for young people. But it is questionable whether this proposed fix is realistic or will bring about the desired outcome. The educational visions that...
As sanctions take their toll, Russia turns to import substitution
As the Russian economy’s difficulties deepen, the Kremlin is putting a brave face on things. It maintains that Western sanctions have been beneficial and that its own anti-crisis program is working. Moreover, the government is talking up a new “Strategy 2030” to boost domestic self-sufficiency based on import substitution. The ...
Euro crisis: time for a rerun?
After Greece obtained its third bailout last summer, Europe turned its attention to other crises. But it would be naive to conclude that the sovereign debt crisis is over. The Greek drama is still far from a happy ending; in Portugal and Spain, fragile left-wing governments may want to abandon ...
