I think that basic economics, the way it is taught today, tends to give people reflexive pro-free market, anti-government positions — positions that arenot held by people with a deeper exposure to economic thinking. When your understanding of government finances is based on reading the newspaper, it’s somewhat eye-opening to come to college and learn… Read More »
The country realises that it is now a migration destination. H/T Bunmi
1. Could aid squeeze help Africa? – Reuters Africa news blog 2. Tyler Cowen’s Berlin Notes – Marginal Revolution 3. Nuggets of Ethiopian industrial development – Chris Blattman 4. Nigerian king who beats up his wife gets deposed – NEXT 5. Open letter to Bono and Bob Geldof – Marieme Jamme
By Aljazeera
From NEXT: The governor of Nigeria’s central bank, Sanusi Lamido Sanusi, has criticized the Federal Government’s continued spending on reducing fuel cost, renewing the call for the removal of a subsidy programme that has gulped trillions of naira but has failed to reach ordinary people as intended. Mr. Sanusi was speaking on Monday at a… Read More »
From The Economist: For anyone who has ever felt a tinge of rose-tinted nostalgia for the traditional, Ayaan Hirsi Ali provides a bracing, and on the whole healthy, cold shower. Having experienced traditional society from the inside—in the form of a Muslim Somali family headed by a well-known politician who practised polygamy and left a… Read More »
19.7%, says the finance minister.
Via Naijablog
Interested in Actor-Network Theory? Check out the video.
From WSJ: Foreign consumer-goods companies including Coca-Cola Co., Nestlé SA and Unilever PLC have been in Africa for decades without much competition from local players. Now, home-grown companies are expanding aggressively across the continent, eager to accommodate a growing middle-class among the billion-person population. Examples? Among the most prominent of these consumer upstarts: African retailers… Read More »