Category Archives: Economy

Sanou Mbaye on Françafrique

Senegalese economist Sanou Mbaye on some of the problems French West African countries have been facing since independence: On the monetary front, the CFA Franc Zone’s member countries dismantled the federal structure that united them [French West Africa and French Central Africa] during French occupation and erected trade barriers instead. The CFA franc issued by… Read More »

Is microfinance a neo-liberal con?

A new book by Milford Bateman, who is described as “a freelance consultant specialising in local economic development policy, particularly in relation to the Western Balkans,” is described in the following terms on the publisher’s website: Over the last thirty years or so, microfinance has risen to become one of the most high-profile policies to… Read More »

Business advice for the Nigerian 2010 election season

BusinessDay: There is going to be lots of jobs and racketeering during the period. Artisans would make more money and thugs will have more jobs to do for their principals which would mean more money for them. The list of those that will benefit is endless. Election campaign involves a lot of activities which include… Read More »

France and Francophone Africa

Stephen Smith writes in the BBC Focus on Africa Magazine about the relationship between France and its former colonies in Africa. One of the things he looks at is what has changed after the fall of the Berlin Wall and what has not. There is a little about the economic relations, but I miss a… Read More »

Friday Links #44

1. Charitable giving and volunteering decline in England 2. Amartya Sen on the great misreading of Adam Smith 3. More Amartya Sen on Adam Smith (Planet Money podcast) 4. China’s first black news anchor 5. Angola’s biggest bank opens an office in Johannesburg

Nigeria’s foreign trade policy

From a BusinessDay Nigeria column: [O]ur trade policy has remained very inconsistent many years after independence. Recent reforms – particularly the NEEDS – have however tried to considerably minimize the unpredictability of the trade policy regime by establishing a schedule to fully adopt the Economic Community of West African States (ECOWAS) common external tariff (CET)… Read More »

Economics, mathematics and psychosis

If consumers begin to be fearful and conserve the government takes action to overcome this mental condition. How? Expand credit. If consumers then become to euphoric and spend to much the government takes action to overcome this mental condition. How? Restrict credit. Consumers spend very little time in the middle. Mathematics should be left to… Read More »