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September 30, 2021

Economics
Virtual Roundtable: The Rise of Economic Inequality

The rich have gotten richer as workers’ wages have stagnated, social mobility has declined, and regional economic divisions have sharpened. Who wouldn’t be angry? In this second session in The Threat…

Play A trader works on the floor of the New York Stock Exchange September 15, 2008 in New York City.

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

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

October 12, 2021

United States
Corporate Taxes in a Globalized World

A group of more than one hundred countries has agreed to a historic rewrite of global tax rules. Here’s what to know.

Group of Seven (G7) finance ministers pose for a photo during a meeting in London in June 2021.

October 25, 2018

Iran
Iran Is a Threat to the Banking System

At many banks, Nov. 5 will be a scary day. That’s when broad U.S. sanctions are set to be re-imposed on Iran, thereby placing new pressure on its struggling economy and increasing the regime’s desper…

Keep it clean

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

November 29, 2018

Cybersecurity
The U.S. Leans on Private Firms to Expose Foreign Hackers

When the Democratic National Committee realized they had been hacked in April 2016, they turned to experts from a private company: the cybersecurity firm CrowdStrike. Within a day, the company had id…

The U.S. White House

March 27, 2014

Sub-Saharan Africa
Really, Really Rich People in Africa

According to Forbes, the first African ever has entered into the “top 25” of the world’s billionaires. He is Aliko Dangote, number 23. Forbes says that his net worth is now U.S. $25 billion up from $…

Dangote

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.

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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…

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