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October 10, 2019

Sub-Saharan Africa
Rich People and Wealth in Africa

Rich people are everywhere, and they can have something to say about the level of economic development in their home countries. Afrasia Bank and New World Wealth have just published the 2019 Africa Wealth Report, which includes North Africa and African island states in the Atlantic and Indian Oceans. It identifies the continent’s six wealthiest cities, defined as total individual private wealth—equities, real estate, businesses—less liabilities. They are Johannesburg, Cape Town, Cairo, Lagos, Durban, and Nairobi.

Visitors walk past a reception with an electronic board displaying movements in major indices at the Johannesburg Stock Exchange building

November 24, 2014

Global
Resources to Riches? The Creation of Sustainable Resource Development

Christine Bader, Marcus Noland, and Ann M. Veneman join Peter H. Lehner to discuss their experiences with agriculture and extractive industries in resource-rich developing countries.

November 24, 2014

Global
Resources to Riches? The Creation of Sustainable Resource Development

Christine Bader, visiting scholar and lecturer at Columbia University, Marcus Noland, executive vice president and director of studies at the Peterson Institute for International Economics, and Ann M…

February 13, 2019

Nigeria
Nigeria Is Oil Dependent, not Oil Rich

At a business breakfast on February 7, Doyin Salami pointed out the elephant in the living room of Nigeria’s economy. The country is not oil rich; rather it is oil dependent. He asked attendees to acknowledge this distinction.

Nigeria-Oil-Pollution-Rivers-State

December 10, 2013

Financial Markets
The Dodd-Frank Act

The Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank"), signed into law in July 2010, is one of the most significant regulatory reform measures since the Great Depression.

President Barack Obama signs the Dodd-Frank Act

November 14, 2019

Mali
Foreign Troops Fighting Jihadists in the Sahel Face Criticism as Terror Grows

In response to the proliferation of ostensibly jihadist groups in the Sahel, governments have deployed more than 20,000 international and local troops, comprising 4,500 French soldieries, 13,000 UN peacekeepers, and about 5,000 troops connected to the G5 Sahel—an initiative godfathered by France and including Burkina Faso, Chad, Mali, Mauritania, and Niger. But terror groups have endured and grown more deadly.  

A French soldier kneels with his weapon while a camel stands in the background in a semi-arid landscape.

November 8, 2019

Nigeria
Middle Class Nigerians Struggle to Afford Housing in Lagos

Housing for professionals working in the modern economy are challenged in most of the world’s mega-cities. Lagos is no exception, as profiled by the BBC. Its reporter estimates that “middle-to-high-income” housing can cost between $5,000 and $40,000 a year. But the practice of paying a year’s worth of rent upfront sets Lagos apart: the BBC’s reporter was asked for between $11,000 and $22,000 for a two-bedroom apartment with electricity in a good Lagos neighborhood, Victoria Island.

Yachts seen docked at the marina in front of housing complex building

November 10, 2011

Europe
Stephen C. Freidheim Symposium on Global Economics: Europe's Debt, America's Deficit: The Crisis of the Rich World

Session One: An Overview of the Global Debt Crisis Alan Greenspan, President, Greenspan Associates LLC; Former Chairman, Federal Reserve Board Presider: Sebastian Mallaby, Director of the Maurice …

November 14, 2011

United States
A Conversation with Barney Frank

C. Peter McColough Series on International Economics: The Emperor has too Many Clothes: Adjusting America's Military Spending to Reality Congressman Frank will discuss the impossibility of significa…

May 23, 2018

Nigeria
Nigeria's Dangote, Africa's Richest Person, Became Rich at Home

Outside of business and financial circles, Dangote is not well known in the United States. Perhaps that is largely because his business interests—banking, cement, sugar, salt, agriculture, and manufacturing—are centered in Nigeria and Africa rather than overseas.

Nigeria-Aliko-Dangote-Africa-Richest-Person