The world financial crisis, the result of financial liberalisation and an excess of global liquidity, has pushed the world to the verge of recession. The crisis will also have major geopolitical ramifications.
After four decades of rent-driven development that has systematically killed off competition in the main sectors of the economy, Mauritania remains inherently prone to authoritarian intervention when powerful interests are threatened.
This ARI discusses the main causes of the credit crisis, the short-term responses from the authorities, and some of the regulatory issues arising from it. It argues that lessons from previous crises may have to be re-learned.
This ARI reviews the traditional doctrine regarding the role of central banks as lenders of last resort, in view of the financial crisis which began in the summer of 2007.
This ARI looks at the revenue stream likely to accrue to Ghana from oil production which is to start in 2010 and the implications for the economy.
This paper analyses the impact of remittances on a set of human development variables in Ecuador. It is focused on education and health indicators, as well on some other consumption variables. Prepared by Juan Ponce (Facultad Latinoamericana de Ciencias Sociales – FLACSO, Ecuador) and Iliana Olivié (Elcano Royal Institute’s Senior Analyst on International Cooperation and Development), the study was presented in two workshops held at the Elcano Royal Institute (Madrid) and at CIDOB (Barcelona) on 3 and 5 June 2008, respectively. It was also presented on 10 June in a specific session on Remittances held at the World Bank’s 2008 ABCDE in Cape Town (South Africa).
Remarks by Kofi A. Annan at the conference of the Spanish Prime Minister José Luis Rodríguez Zapatero, held at the Prado Museum (Madrid) on 16 June 2008 and organised by the Elcano Royal Institute, with the collaboration of the following Spanish institutions: CIDOB Foundation, FRIDE, ICEI and INCIPE.
Sixteen million international migrants originate from sub-Saharan Africa and remittance flows have grown in the last few years, but their impact on development remains unclear.
The emerging powers that have burst onto the world economic scene are causing an unprecedented structural change. This ARI looks at its main implications.
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