The Growth Lab at Harvard CID prepared this presentation to be shared with Namibia's High Panel for Economic Growth, established by President Hage Geingob.
KEYNOTE ADDRESS: Achieving the Maputo Declaration Target and Prioritizing Public Agricultural Expenditures, presented by Godfrey Bahiigwa, ReSAKSS Africawide Coordinator, IFPRI at the 2013 ReSAKSS annual ReSAKSS conference
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4
World economy charts case
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4study presented by a Big 4
Effects of Gobal Primary Commodity Market Disruption on Growth and Poverty in...AKADEMIYA2063
The document discusses the effects of global primary commodity market disruptions caused by the COVID-19 pandemic on economic growth and poverty in Southern Africa. It finds that the international prices of commodities exported by many Southern African countries declined significantly in 2020 according to World Bank forecasts. Using economic modeling, it finds that several Southern African countries experienced negative effects on economic growth and increased poverty levels. The effects were generally greater for rural areas than urban areas. It recommends policies like boosting social protection, supporting rural economies, and diversifying trade as responses.
We are pleased to release to the November 2017 Africa Market Update covering the economies of Angola, Nigeria, Kenya, Tanzania, Uganda and Rwanda. This issue takes particular focus on the political risk environment in Angola and Kenya following the recent elections. In Angola, we look at key themes in the post-dos Santos era whilst in Kenya the issue assesses the macro and micro-political risk factors surrounding the protracted electoral cycle.
The future of agriculture in africa - oct19 workshop updated v.3 B.ThierryBenoît THIERRY
prospective presentation 2020-2030-2050 about transformation of agriculture in africa - challenges and opportunities - climate chane - demography - economy
1) Zambia faces several key structural issues that constrain its economic growth including overdependence on copper mining, low agricultural productivity, inadequate infrastructure, poor access to credit, and high unemployment.
2) To address these challenges, Zambia is pursuing policies to promote investment and diversification through special economic zones, incentives for foreign investment, and liberalizing financial markets.
3) However, Zambia still faces headwinds including falling copper prices, rising debt levels, and a challenging macroeconomic environment that threaten progress toward its goal of becoming a prosperous middle-income country by 2030.
African Economic Outlook 2015. Nordic dissemination Helsinki.UNU-WIDER
This document provides an outline and summary of the African Economic Outlook 2015 report presented by the UN-WIDER, African Development Bank Group, and Development Research Department. It summarizes that Africa's GDP growth is expected to be 3.7% in 2015 and 4.4% in 2016, driven by agriculture, manufacturing, extractive industries, services, and construction. However, risks to growth include lower commodity prices, pockets of conflict, and currency depreciations. It also discusses Africa's population growth and challenges around job creation, noting the need for innovative, multi-sectoral, and place-based regional development strategies.
KEYNOTE ADDRESS: Achieving the Maputo Declaration Target and Prioritizing Public Agricultural Expenditures, presented by Godfrey Bahiigwa, ReSAKSS Africawide Coordinator, IFPRI at the 2013 ReSAKSS annual ReSAKSS conference
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World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4
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World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4study presented by a Big 4
Effects of Gobal Primary Commodity Market Disruption on Growth and Poverty in...AKADEMIYA2063
The document discusses the effects of global primary commodity market disruptions caused by the COVID-19 pandemic on economic growth and poverty in Southern Africa. It finds that the international prices of commodities exported by many Southern African countries declined significantly in 2020 according to World Bank forecasts. Using economic modeling, it finds that several Southern African countries experienced negative effects on economic growth and increased poverty levels. The effects were generally greater for rural areas than urban areas. It recommends policies like boosting social protection, supporting rural economies, and diversifying trade as responses.
We are pleased to release to the November 2017 Africa Market Update covering the economies of Angola, Nigeria, Kenya, Tanzania, Uganda and Rwanda. This issue takes particular focus on the political risk environment in Angola and Kenya following the recent elections. In Angola, we look at key themes in the post-dos Santos era whilst in Kenya the issue assesses the macro and micro-political risk factors surrounding the protracted electoral cycle.
The future of agriculture in africa - oct19 workshop updated v.3 B.ThierryBenoît THIERRY
prospective presentation 2020-2030-2050 about transformation of agriculture in africa - challenges and opportunities - climate chane - demography - economy
1) Zambia faces several key structural issues that constrain its economic growth including overdependence on copper mining, low agricultural productivity, inadequate infrastructure, poor access to credit, and high unemployment.
2) To address these challenges, Zambia is pursuing policies to promote investment and diversification through special economic zones, incentives for foreign investment, and liberalizing financial markets.
3) However, Zambia still faces headwinds including falling copper prices, rising debt levels, and a challenging macroeconomic environment that threaten progress toward its goal of becoming a prosperous middle-income country by 2030.
African Economic Outlook 2015. Nordic dissemination Helsinki.UNU-WIDER
This document provides an outline and summary of the African Economic Outlook 2015 report presented by the UN-WIDER, African Development Bank Group, and Development Research Department. It summarizes that Africa's GDP growth is expected to be 3.7% in 2015 and 4.4% in 2016, driven by agriculture, manufacturing, extractive industries, services, and construction. However, risks to growth include lower commodity prices, pockets of conflict, and currency depreciations. It also discusses Africa's population growth and challenges around job creation, noting the need for innovative, multi-sectoral, and place-based regional development strategies.
Patrick Bond, University of KwaZulu-Natal Centre for Civil Society and School of Built Environment and Development Studies, Durban
Presentation given at the 'Beyond-GDP in Africa: Innovative Ideas for a Regional Dashboard' workshop, Centre for the study of Governance Innovation, University of Pretoria. www.governanceinnovation.org
Tony Hawkins investigates how to make economic growth benefit the poor in Zimbabwe.
Presented at 'Moving Forward with Pro-poor Reconstruction in Zimbabwe' International Conference, Harare, Zimbabwe, (25 and 26 August 2009)
The document discusses the economic challenges facing New Brunswick, including slow growth, an aging population, fiscal sustainability issues, and outmigration of young people. It notes New Brunswick has the second worst overall economy of 26 jurisdictions according to a recent report. It then outlines some of New Brunswick's advantages, such as natural resources and infrastructure. Finally, it compares New Brunswick's economy to other Canadian provinces, US states, and Northern Ontario to provide context on the scale of the challenges.
This document discusses Africa's economic growth acceleration since 2000 and business opportunities on the continent. Some key points:
- Africa's GDP grew at an average of 4.7% annually from 2000-2010, making it the third fastest growing region in the world. This was driven by commodity booms, greater stability, widespread reforms, and urbanization.
- Four sectors - infrastructure, agriculture, resources, and consumer facing - could represent combined revenues of $2.6 trillion by 2020, presenting significant business opportunities. Demand for food and agricultural production is also projected to greatly increase through 2030.
Report covers economic and business trends in Nigeria, Kenya, Tanzania, Gabon, Uganda and Rwanda. In Nigeria, the report sheds light on the contraction of the economy in Q1, 2016 and what this portends for the investment climate. As always, we have included a snapshot of the deals landscape in the continent.
- African economies have seen strong GDP growth in recent decades, but agricultural productivity has lagged behind other regions. This is partly due to low levels of public spending on agriculture.
- Public investment in agriculture, agricultural research and development, rural infrastructure, and education have large positive impacts on agricultural growth, poverty reduction, and total factor productivity.
- The CAADP framework aims to increase agricultural spending to 10% of national budgets and achieve 6% annual agricultural growth. Several countries have increased agricultural spending, and global support for agriculture is also growing. Increased public spending can enhance agricultural and rural finance.
We are pleased to release the April 2016 Africa Market Update covering economic trends in Kenya, Nigeria, Tanzania, Angola, Uganda and Rwanda. The report also includes a snapshot of the deals landscape in Africa (YTD) as well as insights into what South Sudan's admission to the East African Community portends.
The document discusses challenges and opportunities in agriculture in Nova Scotia. It notes that food production in NS has declined from 60% self-sufficiency to 15% today, with farms decreasing from over 12,000 to under 4,000 currently. However, it sees opportunities to strengthen local food systems and reverse these trends. It highlights the Community Economic Development Investment Fund (CEDIF) program that helps match local investors with agricultural businesses, and discusses the FarmWorks Investment Co-operative, a CEDIF focused on sustainable agriculture in NS.
Af db oecd uneca african economic outlook barcelona 28 june 2010 tcm4-52158Dr Lendy Spires
This document summarizes the key findings of the 2010 African Economic Outlook report published by the United Nations Economic Commission for Africa. It discusses the report's projections of economic growth in Africa between 2010 and 2011, noting growth rates around 4.5% in 2010 and 5.2% in 2011 on average across the continent. It also summarizes some of the drivers of growth in Africa like commodity prices and trade, as well as challenges including uneven impact of the global crisis and risks to continued growth from factors like global economic conditions and food prices.
Venture Financing in Zimbabwe - Tanaka MudavanhuTanaka Mudavanhu
This document provides an overview of venture finance in Zimbabwe. It discusses the country's economic struggles in recent decades including hyperinflation and economic instability. It also outlines current economic indicators like GDP, population size, and unemployment rate. The document then reviews the history of venture financing in Zimbabwe and notable current venture capital firms. It analyzes the current venture financing environment and opportunities, including undervalued asset prices and potential for growth in sectors like ICT, mining, and agriculture.
This report provides, in a nutshell, facts about East African countries and insights into doing business in the following sectors: energy, ICT and healthcare. The report is based on relevant statistics, recent articles and publications, and expert views. The primary focus is on Kenya, yet Ethiopia, Rwanda, Tanzania and Uganda will be covered to some degree as well.
South Africa, officially the Republic of South Africa, is the southernmost sovereign state in Africa.
It is bounded on the south by 2,798 kilometers of coastline of Southern Africa stretching along the South Atlantic and Indian Oceans, on the north by the neighbouring countries of Namibia, Botswana and Zimbabwe, and on the east by Mozambique and Swaziland, and surrounding the kingdom of Lesotho.
South Africa is a multiethnic society encompassing a wide variety of cultures, languages, and religions.
Its pluralistic makeup is reflected in the constitution's recognition of 11 official languages, which is among the highest number of any country in the world.
South Africa has the seventh-highest per capita income in Africa. However, poverty and inequality remain widespread, with about a quarter of the population unemployed and living on less than US$1.25 a day.
Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 2: Focus on Zimbabwe
Speaker: Ritesh Anand, Invictus asset management
South africa macro economic_presentationmalay1aero
The document provides an overview of the macroeconomic environment and key indicators of South Africa. It discusses South Africa's GDP, which contracted 1.3% in the second quarter of 2015, as well as consumer inflation rates and unemployment levels. Several sectors are highlighted as driving the economy, including finance, mining, and manufacturing. Opportunities for investment are also listed across sectors such as IT, textiles, and agro-processing. Fiscal and monetary policies, including government spending, taxation rates, and trade data, are reviewed. Doing business in South Africa is examined, finding some regulatory differences between major cities.
Dr Dev Kambhampati | Doing Business in Namibia - 2013 Country Commercial Guid...Dr Dev Kambhampati
This document provides an overview and guide to doing business in Namibia. It discusses Namibia's political and economic environment, key industries, trade regulations, and opportunities and challenges for U.S. companies. The guide is divided into 10 chapters covering topics such as selling U.S. products, trade financing, investment climate, and contacts for further research. It aims to equip American firms with information to successfully enter and operate within the Namibian market.
This document provides background context on poverty reduction in Namibia and the role of the fisheries sector. It discusses that poverty is a major problem in Namibia despite average GDP growth of 4% annually. The fisheries sector contributes on average 5.4% to GDP annually and employs around 12,825 people. While Namibia has sustainably managed fisheries, the study aims to investigate whether growth in the fisheries sector impacts poverty reduction.
The document analyzes recent economic developments in South Africa. It finds that the South African economy has been slowing and falling behind its emerging market peers in growth rates. Political tensions have also risen under President Jacob Zuma, which has weakened the ruling ANC party's popularity. The rand and bonds have underperformed while the stock market has performed better. South Africa faces challenges of high unemployment, deficits, and reliance on mining while also benefitting from its human capital and infrastructure compared to other African nations.
The document provides an economic analysis of Zambia for the first quarter of 2015. It summarizes that GDP growth was estimated to be 1.25% for Q1, lower than usual due to a contraction in mining output. Inflation dropped for three consecutive months due to lower oil prices. The kwacha depreciated against the dollar and Zambia recorded trade deficits for three months. External performance deteriorated as the budget deficit was estimated to have widened in Q1.
Venezuela experimentó un colapso económico sin precedentes en los últimos años debido a su dependencia del petróleo y a las malas políticas implementadas durante el gobierno de Hugo Chávez. La caída en los precios del petróleo a partir de 2014 reveló las vulnerabilidades del modelo, llevando a una caída del 81% en las importaciones y del 48% en el PIB entre 2013 y 2018. La producción de petróleo y las importaciones de alimentos también se desplomaron, generando una grave crisis humanitaria.
In the decade 1999-2009, Jordan experienced an impressive growth acceleration, tripling its exports and increasing income per capita by 38%. Since then, a number of external shocks that include the Global Financial Crisis (2008-2009), the Arab Spring (2011), the Syrian Civil War (2011), and the emergence of the Islamic State (2014) have affected Jordan in significant ways and thrown its economy out of balance. Jordan’s debt-to-GDP ratio has ballooned from 55% (2009) to 94% (2018). The economy has continued to grow amidst massive fiscal adjustment and balance of payments constraints, but the large increase in population – by 50% between 2008 and 2017 – driven by massive waves of refugees has resulted in a 12% cumulative loss in income per capita (2010-2017). Moving forward, debt sustainability will require not only continued fiscal consolidation but also faster growth and international support to keep interest payments on the debt contained. We have developed an innovative framework to align Jordan’s growth strategy with its changing factor endowments. The framework incorporates service industries into an Economic Complexity analysis, utilizing the Dun and Bradstreet database, together with an evaluation of the evolution of Jordan’s comparative advantages over time. Combining several tools to identify critical constraints faced by sectors with the greatest potential, we have produced a roadmap with key elements of a strategy for Jordan to return to faster, more sustainable and more inclusive growth that is consistent with its emerging comparative advantages.
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Presentation given at the 'Beyond-GDP in Africa: Innovative Ideas for a Regional Dashboard' workshop, Centre for the study of Governance Innovation, University of Pretoria. www.governanceinnovation.org
Tony Hawkins investigates how to make economic growth benefit the poor in Zimbabwe.
Presented at 'Moving Forward with Pro-poor Reconstruction in Zimbabwe' International Conference, Harare, Zimbabwe, (25 and 26 August 2009)
The document discusses the economic challenges facing New Brunswick, including slow growth, an aging population, fiscal sustainability issues, and outmigration of young people. It notes New Brunswick has the second worst overall economy of 26 jurisdictions according to a recent report. It then outlines some of New Brunswick's advantages, such as natural resources and infrastructure. Finally, it compares New Brunswick's economy to other Canadian provinces, US states, and Northern Ontario to provide context on the scale of the challenges.
This document discusses Africa's economic growth acceleration since 2000 and business opportunities on the continent. Some key points:
- Africa's GDP grew at an average of 4.7% annually from 2000-2010, making it the third fastest growing region in the world. This was driven by commodity booms, greater stability, widespread reforms, and urbanization.
- Four sectors - infrastructure, agriculture, resources, and consumer facing - could represent combined revenues of $2.6 trillion by 2020, presenting significant business opportunities. Demand for food and agricultural production is also projected to greatly increase through 2030.
Report covers economic and business trends in Nigeria, Kenya, Tanzania, Gabon, Uganda and Rwanda. In Nigeria, the report sheds light on the contraction of the economy in Q1, 2016 and what this portends for the investment climate. As always, we have included a snapshot of the deals landscape in the continent.
- African economies have seen strong GDP growth in recent decades, but agricultural productivity has lagged behind other regions. This is partly due to low levels of public spending on agriculture.
- Public investment in agriculture, agricultural research and development, rural infrastructure, and education have large positive impacts on agricultural growth, poverty reduction, and total factor productivity.
- The CAADP framework aims to increase agricultural spending to 10% of national budgets and achieve 6% annual agricultural growth. Several countries have increased agricultural spending, and global support for agriculture is also growing. Increased public spending can enhance agricultural and rural finance.
We are pleased to release the April 2016 Africa Market Update covering economic trends in Kenya, Nigeria, Tanzania, Angola, Uganda and Rwanda. The report also includes a snapshot of the deals landscape in Africa (YTD) as well as insights into what South Sudan's admission to the East African Community portends.
The document discusses challenges and opportunities in agriculture in Nova Scotia. It notes that food production in NS has declined from 60% self-sufficiency to 15% today, with farms decreasing from over 12,000 to under 4,000 currently. However, it sees opportunities to strengthen local food systems and reverse these trends. It highlights the Community Economic Development Investment Fund (CEDIF) program that helps match local investors with agricultural businesses, and discusses the FarmWorks Investment Co-operative, a CEDIF focused on sustainable agriculture in NS.
Af db oecd uneca african economic outlook barcelona 28 june 2010 tcm4-52158Dr Lendy Spires
This document summarizes the key findings of the 2010 African Economic Outlook report published by the United Nations Economic Commission for Africa. It discusses the report's projections of economic growth in Africa between 2010 and 2011, noting growth rates around 4.5% in 2010 and 5.2% in 2011 on average across the continent. It also summarizes some of the drivers of growth in Africa like commodity prices and trade, as well as challenges including uneven impact of the global crisis and risks to continued growth from factors like global economic conditions and food prices.
Venture Financing in Zimbabwe - Tanaka MudavanhuTanaka Mudavanhu
This document provides an overview of venture finance in Zimbabwe. It discusses the country's economic struggles in recent decades including hyperinflation and economic instability. It also outlines current economic indicators like GDP, population size, and unemployment rate. The document then reviews the history of venture financing in Zimbabwe and notable current venture capital firms. It analyzes the current venture financing environment and opportunities, including undervalued asset prices and potential for growth in sectors like ICT, mining, and agriculture.
This report provides, in a nutshell, facts about East African countries and insights into doing business in the following sectors: energy, ICT and healthcare. The report is based on relevant statistics, recent articles and publications, and expert views. The primary focus is on Kenya, yet Ethiopia, Rwanda, Tanzania and Uganda will be covered to some degree as well.
South Africa, officially the Republic of South Africa, is the southernmost sovereign state in Africa.
It is bounded on the south by 2,798 kilometers of coastline of Southern Africa stretching along the South Atlantic and Indian Oceans, on the north by the neighbouring countries of Namibia, Botswana and Zimbabwe, and on the east by Mozambique and Swaziland, and surrounding the kingdom of Lesotho.
South Africa is a multiethnic society encompassing a wide variety of cultures, languages, and religions.
Its pluralistic makeup is reflected in the constitution's recognition of 11 official languages, which is among the highest number of any country in the world.
South Africa has the seventh-highest per capita income in Africa. However, poverty and inequality remain widespread, with about a quarter of the population unemployed and living on less than US$1.25 a day.
Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 2: Focus on Zimbabwe
Speaker: Ritesh Anand, Invictus asset management
South africa macro economic_presentationmalay1aero
The document provides an overview of the macroeconomic environment and key indicators of South Africa. It discusses South Africa's GDP, which contracted 1.3% in the second quarter of 2015, as well as consumer inflation rates and unemployment levels. Several sectors are highlighted as driving the economy, including finance, mining, and manufacturing. Opportunities for investment are also listed across sectors such as IT, textiles, and agro-processing. Fiscal and monetary policies, including government spending, taxation rates, and trade data, are reviewed. Doing business in South Africa is examined, finding some regulatory differences between major cities.
Dr Dev Kambhampati | Doing Business in Namibia - 2013 Country Commercial Guid...Dr Dev Kambhampati
This document provides an overview and guide to doing business in Namibia. It discusses Namibia's political and economic environment, key industries, trade regulations, and opportunities and challenges for U.S. companies. The guide is divided into 10 chapters covering topics such as selling U.S. products, trade financing, investment climate, and contacts for further research. It aims to equip American firms with information to successfully enter and operate within the Namibian market.
This document provides background context on poverty reduction in Namibia and the role of the fisheries sector. It discusses that poverty is a major problem in Namibia despite average GDP growth of 4% annually. The fisheries sector contributes on average 5.4% to GDP annually and employs around 12,825 people. While Namibia has sustainably managed fisheries, the study aims to investigate whether growth in the fisheries sector impacts poverty reduction.
The document analyzes recent economic developments in South Africa. It finds that the South African economy has been slowing and falling behind its emerging market peers in growth rates. Political tensions have also risen under President Jacob Zuma, which has weakened the ruling ANC party's popularity. The rand and bonds have underperformed while the stock market has performed better. South Africa faces challenges of high unemployment, deficits, and reliance on mining while also benefitting from its human capital and infrastructure compared to other African nations.
The document provides an economic analysis of Zambia for the first quarter of 2015. It summarizes that GDP growth was estimated to be 1.25% for Q1, lower than usual due to a contraction in mining output. Inflation dropped for three consecutive months due to lower oil prices. The kwacha depreciated against the dollar and Zambia recorded trade deficits for three months. External performance deteriorated as the budget deficit was estimated to have widened in Q1.
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Venezuela experimentó un colapso económico sin precedentes en los últimos años debido a su dependencia del petróleo y a las malas políticas implementadas durante el gobierno de Hugo Chávez. La caída en los precios del petróleo a partir de 2014 reveló las vulnerabilidades del modelo, llevando a una caída del 81% en las importaciones y del 48% en el PIB entre 2013 y 2018. La producción de petróleo y las importaciones de alimentos también se desplomaron, generando una grave crisis humanitaria.
In the decade 1999-2009, Jordan experienced an impressive growth acceleration, tripling its exports and increasing income per capita by 38%. Since then, a number of external shocks that include the Global Financial Crisis (2008-2009), the Arab Spring (2011), the Syrian Civil War (2011), and the emergence of the Islamic State (2014) have affected Jordan in significant ways and thrown its economy out of balance. Jordan’s debt-to-GDP ratio has ballooned from 55% (2009) to 94% (2018). The economy has continued to grow amidst massive fiscal adjustment and balance of payments constraints, but the large increase in population – by 50% between 2008 and 2017 – driven by massive waves of refugees has resulted in a 12% cumulative loss in income per capita (2010-2017). Moving forward, debt sustainability will require not only continued fiscal consolidation but also faster growth and international support to keep interest payments on the debt contained. We have developed an innovative framework to align Jordan’s growth strategy with its changing factor endowments. The framework incorporates service industries into an Economic Complexity analysis, utilizing the Dun and Bradstreet database, together with an evaluation of the evolution of Jordan’s comparative advantages over time. Combining several tools to identify critical constraints faced by sectors with the greatest potential, we have produced a roadmap with key elements of a strategy for Jordan to return to faster, more sustainable and more inclusive growth that is consistent with its emerging comparative advantages.
The literature on income gaps between Chiapas and the rest of Mexico revolves around individual factors, such as education and ethnicity. Yet, twenty years after the Zapatista rebellion, the schooling gap between Chiapas and the other Mexican entities has shrunk while the income gap has widened, and we find no evidence indicating that Chiapas indigenes are worse-off than their likes elsewhere in Mexico. We explore a different hypothesis. Based on census data, we calculate the economic complexity index, a measure of the knowledge agglomeration embedded in the economic activities at a municipal level in Mexico. Economic complexity explains a larger fraction of the income gap than any individual factor. Our results suggest that chiapanecos are not the problem, the problem is Chiapas. These results hold when we extend our analysis to Mexico’s thirty-one federal entities, suggesting that place-specific determinants that have been overlooked in both the literature and policy, have a key role in the determination of income gaps.
For three years Harvard CID has been working on a plan to rescue Venezuela and get the country on a path of sustainable, inclusive growth, and development. We have teamed with Venezuelan experts at home and abroad, worked with international institutions, and have started the process of building consensus around the plan among the opposition parties that control the Venezuelan National Assembly. The Venezuelan Caucus at the Kennedy School will be hosting a series of talks on Venezuela: The morning after, by different members of our team and on different topics. You can follow on their Facebook webpage. More coming soon, stay tuned!
El colapso económico de Venezuela no tiene precedentes en la historia económica posterior a la segunda guerra mundial. La caída paralela de la producción (49%) e importación per cápita (84%), conjuntamente con la hiper-inflación más alta registrada en doce meses consecutivos (200.005% en los doce meses previos a Agosto 2018), conforman un cuadro único de la catástrofe que le ha caído al país tras veinte años de socialismo.
El documento describe el colapso económico de Venezuela entre 2013 y 2018, con una contracción estimada del PIB per cápita de casi el 50%. Se atribuye este colapso a dos factores principales: 1) los ataques al funcionamiento de los mecanismos de mercado, debilitando la capacidad de respuesta de la sociedad, y 2) el colapso de las importaciones debido a restricciones. La hiperinflación actual ha hecho que los precios aumenten 200 veces desde septiembre de 2017.
¿Cómo ha llegado Venezuela a la situación actual, y qué tan grave es el colapso que ha sufrido en función de otras catástrofes económicas registradas en el mundo?
On March 5th I had the privilege to host Lant Pritchett in my econometrics class at @Kennedy_School, sharing his work: "The RCT debate is over. We won. They lost." Nothing substitutes for listening to Lant, but here is a link to his compelling presentation".
Panama has been one of the fastest growing economies in the world over the previous decade. In that short but vibrant time span, the country managed to double its income per capita. Growth has been spearheaded by the development of a modern service sector on the activities surrounding the Canal, and non-residential construction. Large public infrastructure projects and the private provision for infrastructure demanded by the service sector, have fueled growth and expanded job opportunities for non-skilled workers.
Two warning signals hover over Panama’s stellar performance. The construction sector has been growing at a rate equivalent to doubling its stock of structures every four years. The demand for non-residential construction cannot grow indefinitely at a higher rate than the rest of the economy. Once the stock of infrastructure required by the service sector is set and large infrastructure projects are completed, the rate of growth will recede and other sectors shall take the leading role. The deceleration of construction, characterized by a lower demand of non-skilled labor, will feed into the second warning signal: Income inequality. In spite of the minor improvements registered over the accelerated-growth spell, Panama remains amongst the world's top five most unequal countries. Both warning signals point to the need of further diversifying the Panamanian economy, and promoting economic activity in the provinces so as to deconcentrate growth and make it more inclusive.
¿Cuánto tiempo le tomará a Venezuela recuperarse la catástrofe económica sufrida? Tomando en cuenta la propia experiencia de Venezuela y la del resto del mundo, establecemos la probabilidad de recuperación para diferentes escenarios y plazos.
Bajo el patrocinio del Banco Inter-Americano de Desarrollo y en el marco del programa de Ciudades Emergentes y Sostenibles, un equipo de Centro para el Desarrollo de la Universidad de Harvard pasó la segunda parte del 2017 trabajando en Hermosillo, Sonora. Nuestra meta es analizar el desempeño económico reciente del lugar y su potencial económico, e identificar las restricciones más importantes al crecimiento.
Venezuela ha sufrido entre 2013-2017 el colapso más grande que haya registrado cualquier economía de América Latina en su historia, en época de paz o guerra. La caída de los precios y la producción petrolero, en combinación con el endeudamiento salvaje de la República en los tiempos de bonanza, ha dejado a la República exangüe y forzado una caída en las importaciones que ha llevado al país al borde de una crisis humanitaria. Aquí se simulan los impactos de algunos reformas económicas en el evento de una transición, desde el punto de vista de la balanza de pagos. En conclusión, aún haciendo supuestos muy optimistas, se hace imposible sacar al país adelante sin una combinación de ayuda internacional (asistencia extraordinaria del Fondo Monetario Internacional) Y una reestructuración de deuda muy agresiva.
We know diversification, extending production into more complex and higher value added goods and services, is they key to the process and development. And yet diversification implies doing things you currently don´t know how to do. Countries need to add new capabilities, which they cannot possibly have. We also know that it is easier to “move brains” to new locations, than to move knowhow into brains, i.e. moving experienced workers into a new location is faster than building experienced workers. Is this easier or even feasible to do? We find this is highly contingent on the “Sense of Us” as it regards policy areas like immigration and business travel. The "Sense of Us" is the collective illusion defining a place sense of who they are. Here we present three examples of three different policy engagements in Panama, Saudi Arabia and Chiapas (México), to show how did we stumble into the sense of us enthuse places, and how understanding it and be able to shape in a more inclusive way is cornerstone in the efforts to develop and grow out of poverty.
Un recorrido por los 50 casos de desastres económicos que se han registrado desde 1960: ¿En cuánto tiempo se recuperaron? ¿Buscaron asistencia internacional? ¿Los petroleros salieron más rápido? Algunas notas sobre los retos adaptativos que nos plantea la recuperación de la economía venezolana.
Una recorrido por la economía venezolana durante la revolución bolivariana: La fase de expansión basada en el boom petrolero y el acelerado endeudamiento externo, y el colapso. Una hoja de ruta para salir adelante entres fases: Emergencia, estabilización, y reforma estructural.
Venezuela is undergoing one of the worst economic losses ever registered by any country in a three-year period, either by Latin American or world standards. Poverty rates have skyrocketed and stand today beyond 80%. We define two landmarks for recovery, and revise how much would Venezuela need to grow - oil and non-oil sectors - and how likely are those rates from the Venezuela and the world´s experience. We end up by outlining some of the adaptive challenges Venezuela would need to tackle to engine a sustainable recovery.
Un grupo de profesores e investigadores de Harvard, con el auspicio del Banco Inter-Americano de Desarrollo, ha pasado 8 meses analizando el extraordinario período de crecimiento acelerado de Panamá, sus principales motores, los principales desequilibrios que se han ido creando y las potenciales restricciones al crecimiento sostenido de Panamá.
Devaluations may have an impact on multinational stock prices depending on the size of the particular country and whether they are anticipated or not. In an efficient market, predictable devaluations on small countries should not impact stock prices of large multinational companies. We analyze cummulative abnormal returns (CAR) to five devaluations in Venezuela within the context of stiff exchange controls. Our event study covers a period of five years and uses daily stock prices for up to 122 multinationals with Venezuelan subsidiaries. We find evidence of significant negative impacts on stock prices on various devaluations, reaching up to -1.75% over the event window. We interpret these results as evidence of market myopia, as they are driven by retained earnings on financial statements being converted into dollars at highly overvalued official rates, in spite of subsidiaries not having access to dollars at these prices for years prior to the devaluations.
Panama has experienced rapid economic growth over the past decade by developing its service sector centered around the Panama Canal. Growth has been led by construction and competitive modern services like finance and trade. However, inequality remains high and education quality needs improvement. Restrictions on skilled immigration prevent skills and knowledge from spreading beyond special economic zones to the wider economy, which would benefit Panamanians. Loosening immigration policies could help address skill shortages and further economic development.
More from Center for International Development, Harvard University (20)
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
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Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
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Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
3. The Namibian century: unprecedented progress
African peers International peers
GDP per capita
2000=100
GDP per capita
2000=100
3Economic growth and productive diversification in Namibia 11/09/2019
Namibia
Namibia
Botswana
Swaziland
Lesotho
South Africa
Chile
Australia
New Zealand
Peru
Kazakhstan
6. -2.7 -1.6 0.6 0.7 3.5 3.1 3.3
3,509
Min
3,935
Med
6,121
Max
g80s: -2.1 g90s: 0.7 g00s: 3.3
g: 0.8
R
2
: 0.57
σΔy: 3.3
3.553.63.653.73.753.8
log(GDPPC)
1980 1985 1990 1995 2000 2005 2010 2015
Years
Note: GDP per capita (constant 2005 US$), log
Data source: World Development Indicators
Overall, ten, and five year growth rates
21st March 1990:
Independence Day
6Economic growth and productive diversification in Namibia 11/09/2019
A 4-year recession
…because the 1980s were very bad and the 1990s were stagnant
8. 50
60
70
80
90
100
110
120
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Namibia: Terms of Trade Index (2015=100)
Source: UNCTAD.
In part, this was due to a terms of trade improvement in 1990-2007 that then
stabilized from 2008 onwards
8Economic growth and productive diversification in Namibia 11/09/2019
9. But Namibia gained market share, South Africa did not
9
0
.0005
.001
.0015
.002
2000 2005 2010 2015 2020
year
Textiles
Electronics
Minerals
Machinery
Source: UN COMTRADE
NAM: Share of world exports by export subgroup
0
.01
.02
.03
.04
Shareofworldexports
2000 2005 2010 2015 2020
year
Textiles
Electronics
Minerals
Machinery
Source: UN COMTRADE
ZAF: Share of world exports by export subgroup
Namibia South Africa
21. Interpretation
• The growth acceleration after 2000 was export led
• But after 2007, the government adopted an unsustainable fiscal policy
• …this lead to unsustainable growth in non-tradables and a widening
current account deficit
• This forced the government to adopt a contractionary fiscal policy leading
to an inevitable bust
• With some extra bad luck associated with poor performance in Angola and ZAF
• There is still need for further fiscal consolidation
• ...so growth will not come from fiscal stimulus
• It will have to come from more fundamental sources
• More on this in the next session
21