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 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 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…
March 18, 2019Southeast Asia
By Van Jackson New Zealand may appear to be a paradise in the Pacific, but it is afflicted by many of the problems facing other liberal democracies, such as a rising suicide rate and deep socioeco…
May 9, 2019Politics and Government
ZARATE: Welcome to the Council on Foreign Relations. Great group. What a—what a great crowd. This is the opening plenary of this important conference on leading organizational change for diversity an…