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March 19, 2024

Nigeria
The Ride of Their Lives

More than a mere automobile, the sport utility vehicle (SUV) in Nigeria is rich in social meaning.

Nigeria's President Bola Tinubu waves to the crowd as he takes a drive on a top of a sports utility vehicle.
Blog Post by Ebenezer Obadare Africa in Transition

April 5, 2024

United States
Election 2024: China’s Efforts to Interfere in the U.S. Presidential Election

Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: China is following Russia’s lead in meddling in the U.S. presidential election.

China Russia Flags
Blog Post by James M. Lindsay The Water's Edge

April 13, 2012

Sub-Saharan Africa
If Nigeria Is So Rich, Why Are Nigerians So Poor?

Femi Awoyemi, in a lucid and thoughtful article in the April 5 Leadership (Abuja) highlights that more than ninety percent of Nigeria’s population is poor "and exists largely at the mercy of fate." I…

Africa-Nigeria-20120410
Blog Post by John Campbell Africa in Transition

August 13, 2014

International Law
Extracting Justice: Battling Corruption in Resource-Rich Africa

Coauthored with Isabella Bennett, assistant director of the International Institutions and Global Governance program. Last week, when more than forty heads of state met in Washington for the U.S.-Af…

Local residents' clothes dry over the gas pipelines running through the Eleme community near the city of Port Harcourt, a major Nigerian oil hub in the country's southeast.
Blog Post by Stewart M. Patrick The Internationalist

September 14, 2006

Emerging Markets
Poor countries financing rich countries watch

Table 1.2 of Chapter 1 of the WEO makes one thing abundantly clear.  When the IMF talks about the need for investors to “increase the share of their portfolios in US assets for many years” (p.16) in …

Blog Post by Brad W. Setser Follow the Money

December 20, 2006

Financial Markets
With a lag, the financial world notices how rich the oil exporters have become …

The Economist did a big feature on petrodollars.   Breaking views and a host of financial columnists have hinted that Hank Paulson should have paid a visit to Riyahd as well as Beijing.  The BIS attr…

Blog Post by Brad W. Setser Follow the Money