November 8, 2019Nigeria
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.
October 18, 2019Democracy
CFR's annual Back-to-School Event celebrated the tenth anniversary of The World Next Week podcast with James M. Lindsay, Robert McMahon, and Deborah S. Amos.
October 10, 2019Sub-Saharan 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.
September 30, 2019Puerto Rico
The plan of adjustment put forward by the oversight board, if approved by enough creditors and the courts, would cut Puerto Rico’s tax supported debt from $50 billion to $25 billion and smooth its re…
September 20, 2019Global Governance
On this anniversary of Magellan's first expedition to circumnavigate the globe, we should reflect on the trajectory globalization has taken—and adopt a more cosmopolitan approach to life on our shrin…
September 18, 2019Hong Kong
Since March, millions of Hong Kongers have protested their government’s proposed law to allow the extradition of criminal suspects to mainland China. Although Hong Kong Chief Executive Carrie Lam rec…