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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

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.

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 …

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…

January 18, 2024

Technology and Innovation
Don’t Let AI Become the Newest Digital Divide

AI will bring major breakthroughs in areas like education and medicine. However, lack of internet access could prevent many people from benefitting from these innovations.

10-year-old Fiammetta attends her online lessons surrounded by her shepherd father's herd of goats in the mountains, while schools are closed due to coronavirus disease (COVID-19) restrictions, in Caldes, Italy.

January 12, 2024

United States
Campaign Roundup: The Iowa Caucuses Are on Monday

Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: Monday night’s Iowa Republican caucuses are the first official nominating event on the 2024 preside…

A snow truck as viewed clearing snow in front of the State Capitol Building in Iowa.