Opinion: Dilemmas of development aid
Like other areas of public policy, development aid has had its recurrent fads. The pendulum has swung from socialist-style big-push schemes to pro-market reforms and their latest iteration, results-based aid. This micro-oriented approach has recently come under attack for neglecting the wider “macro” environment of states and institutions. Decades after the flaws of the traditional aid model were exposed, economists are still casting about for a better alternative.
Spain and Morocco: trouble or potential?
The burden of controlling irregular immigration, terrorism and drug smuggling has fallen disproportionately on the European Union’s southern members, including Spain. Ensuring stability on both sides of the Strait of Gibraltar, one of the world’s key waterways, is particularly tricky. If the new government in Madrid can’t find ways to work more closely with Morocco, the problems both countries are facing could get worse.
Can India bank on its banks?
As the ratio of nonperforming assets in India’s banking sector rises, there have been loud calls for reform. The condition of loan portfolios at state-controlled banks is now so parlous that it is choking off the availability of new credit and forcing the government into ever more ambitious recapitalization schemes. But for all the smoke and noise, substantive change has been elusive.
As Indian agriculture expands, farmers and reform prospects suffer
India’s food output has nearly quadrupled over the past 50 years, but farm households – more than half the country’s population – are in some ways worse off. Rural distress is weighing on the country’s politics and eroding the government’s political base. If India wants to follow the path of the Asian tigers, it should start where they did: agricultural reform.
Will education let Africa reap its demographic dividend?
With nearly 40 percent of its population under the age of 18, Africa is the youngest continent in the world. This expanding work-age population should bring higher productivity, increased consumption and faster growth. But turning this workforce into an economic asset will require ending the mismatch between educational outcomes and market needs.
Ivory Coast’s recovery looks fragile
Ivory Coast is on the mend after a lost decade of internal turmoil and civil war. Yet recent army mutinies and protests by angry cocoa producers show how little real progress has been made in diversifying the economy and creating reliable security forces. On the horizon, perhaps, looms a presidential succession crisis as well.
Central Europe’s economies buck global trend
Central European economies have thus far escaped the worst of the turbulence that has hit emerging markets. A cyclical upswing is strong in the region and, barring unfavorable global developments, could continue in the medium and even the long term.
India and Africa: two perspectives across the Indian Ocean
<i>This report presents, back-to-back, two scenarios for the emerging strategic relationship between India and Africa outlined by GIS contributors, <b>Pramit Pal Chaudhuri</b> of India and <b>Teresa Nogueira Pinto</b>, our Africa expert.</i> View from India Africa summits are ...
U.S. defense procurement to change after presidential election
For the rest of this election year, the United States military will endure a funding squeeze as politicians try to hold down federal spending. But rising demand for forces to operate against Daesh, (also known as Islamic State or ISIS) in the Middle East and South Asia is putting pressure on the Pentagon. Once the November elections are resolved, persistent public ...