The new consensus about the cause of the 2008 financial crisis is seductive — and misleading. Sebastian Mallaby presents an alternative opinion.

With new sources of uncertainty proliferating by the day, the world should brace for a broad economic slowdown or, at minimum, a lengthy period of slower growth.

Released last month, the 2021 Corruption Perception Index (CPI) confirmed what many Nigerians know intuitively—that a steady stream of official antigraft rhetoric has hardly made a dent on what many agree is the most formidable perennial challenge to the country’s long-term stability. President Buhari’s sentiment to the effect that “if Nigeria does not kill corruption, then corruption will kill Nigeria,” is widely shared. Not only is Nigeria down five places from its 2020 ranking, its total score of twenty-four out of a maximum one hundred points represents a drop for the third successive year, making it West Africa’s second most corrupt country. Guinea-Bissau, still reeling from a failed military takeover in early February, holds the dubious honor of being the most corrupt.  

Ten predictions for the world in 2023.

The PAP has made unbending integrity central to its identity, magnifying the damage the recent scandals have done to the party.