The latest spate of banking problems in Italy highlights the rather remarkable truth that governments have enormous difficulties dealing with banking crises. This situation prevails despite decades of experience on what not to do and what works in terms of bailouts.
Read new paper on disruptive technologies what impact they might have on economic growth.
Sir, Sebastian Mallaby’s spirited defence of capitalism (“Shortsighted complaints about short-term capitalism”, August 6) highlights one o
Throughout the developing world, people are voting with their feet and heading citywards. The future looks increasingly urban, and economic growth, employment prospects, and the quality of life are coming to depend upon the dynamism and health of cities. If urban economic engines falter or fail, both local and national consequences could be severe.
The purpose of this paper is to sketch a strategy for African late starters. It identifies the key objectives and the mix of policy initiatives appropriate for a post‐financial‐crisis environment where South‐South trade and capital flows are taking on a greater salience.
Africa is urbanizing fast. Its rate of urbanization soared from 15 percent in 1960 to 40 percent in 2010, and is projected to reach 60 percent in 2050 (UN Habitat 2010). Urban populations in Africa are expected to triple in the next 50 years, changing the profile of the region, and challenging policy makers to harness urbanization for sustainable and inclusive growth.