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In 1989, the British economist John Williamson christened what was to become the defining intellectual export of the era of globalisation: the Washington Consensus. Initially a reference to the policies adopted to tackle macroeconomic turmoil in Latin America, the term quickly morphed into a canonical
The authors of Why Nations Fail, Daron Acemoglu and James A. Robinson, make clear that a nation's prosperity is not dependent on aid from abroad in their book. The authors contend that no amount of donations, aid or other financial support can maintain a nation, much less reform it. Of course, there
In the past two decades, Zimbabwe has changed its currency six times. Each time the currency was rebased or changed, the worst affected people were pensioners.
David Ricardo, one of the founders of modern economics in the early 1800s, understood that machines are not necessarily good or bad. His insight that whether they destroy or create jobs all depends on how we deploy them, and on who makes those choices, could not be more relevant today. Artificial intelligence and the threat that it poses to good jobs
Kuria’s proposal to convert all public servants to contract workers is not secured in the science of reform.