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Economic Diversification in Africa: How and Why It Matters


Carnegie Endowment for International Peace
Source: Getty
Summary:  Many African countries have placed economic diversification high on the policy agenda, yet they first need to define what it means in their specific structural and socioeconomic contexts.
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Summary
For decades, economic diversification has been a policy priority for low- and middle-income economies. In the words of former managing director of the International Monetary Fund (IMF), Christine Lagarde, “We know that economic diversification is good for growth. Diversification is also tremendously important for resilience.” Unfortunately, this goal continues to elude many African countries. In fact, the continent is home to eight of the world’s fifteen least economically diversified countries. This reality weakens the foundation of their economic transfomation and slows their pace of progress. It also ma ....

United States , United Kingdom , Sri Lanka , Noord Holland , National Bureau Of Economic Research , New York , South Africa , Carnegie Endowment For International Peace , District Of Columbia , Columbia University , International Institute , City Of , Equatorial Guinea , Saudi Arabia , World Bank , Republic Of South Africa , J Peter Neary , Ralf Ruhwedel , Michael Ferrantino , Francisco Garfias , Fuad Hasanov , Francesco Trebbi , Harinder Kohli , Roberto Alvarez , Young Eun Kim , Heiko Hesse ,

China: Neijuan - New Wildcat article


China: Neijuan - New Wildcat article
We translated this new Wildcat article, written by a comrade who has been living in China for a while. Click here for the original article.
The word ‘Neijuan’ is composed of the characters for ‘inside’ and ‘roll’ or ‘to roll’ and is intuitively understood as something like ‘turning inwards.’ It can be translated as ‘retreat’ or ‘involution’. It means stagnation or stasis due to loss of friction or a process that binds its participants without benefiting them. Involution also means the opposite of evolution.
Neijuan is fashionable right now, like Sang culture a few years ago, or currently (Hunshui)Moyu (‘fishing in muddy waters’, see below). Originally used to describe a self-reinforcing process in agrarian societies that prevents them from progressing, ’Neijuan’ has now become the term that the metropolitan Chinese use to describe the ills of their modern lives, their sense of frantically treading ....

New York , United States , North West , South Africa , United Kingdom , Hong Kong , Pearl River , South Korea , Republic Of , Republic Of China , Taiwan General , Tiananmen Square , Schweizer Monat , Exklusive Einblicke , Amy Chang Chien , Asia Pegida , Nahee Kang Eva Paus , Johannes Agnoli , Fordism Gambino , Ferruccio Gambino , Bleierne Zeit , Sidney Leng , Meng Fanqiang , Jiang Zemin , Hong Kongers , Nicholas Cruz ,