Economy

This article examines the quiet but profound implications of the erosion of U.S.-led hegemony for small and vulnerable states of the New South. While the post-1945 international order was never egalitarian, it offered predictability: power was organized through law, and sovereignty for weaker states rested less on justice than on procedural stability. Davos 2026 marked a turning point in the public acknowledgment of that system’s unraveling. Statements by leading Western figures rev ...

From the use of tariffs as a foreign policy instrument, to the weaponization of critical resources, and from targeted sanctions to attacks on critical infrastructure, economic security is at the forefront of international debates. The aggressive use of economic instruments for strategic purposes has become an explicit feature of international affairs, in a way not seen since the interwar period[1]. Beyond the weaponization of resources of all kinds, an increasing ‘monetization’ is u ...

The 2026 World Economic Forum (WEF) Annual Meeting took place in an environment of elevated economic uncertainty and structural risk repricing. According to the Global Risks Report (GRR) 2026, geoeconomic confrontation and economic downturn rank among the most severe near-term risks, while inflation-related risks and economic volatility have risen sharply in perceived severity compared with the previous edition. Notably, 50% of respondents to the Global Risks Perception Survey ...

Le Mali, le Burkina Faso et le Niger, réunis au sein de l’Alliance des États du Sahel (AES), affirment l’ambition de bâtir une souveraineté nationale qui leur permettrait de s’émanciper de la domination et des influences extérieures et de se doter d’une liberté d’action dans les choix de développement politique et économique. Cependant, cette ambition se heurte à de nombreuses contraintes économiques et sécuritaires.La souveraineté ne peut se construire sans une base économique soli ...

This paper revisits Big Push industrialization theory in the context of open economies deeply integrated into global value chains (GVCs). While classical Big Push models emphasize demand complementarities and coordination failures in largely closed economies, many middle-income countries now industrialize through foreign-owned, import-intensive production networks. We develop an extended Big Push framework that incorporates GVC integration and import leakage, and show how these feat ...

The post-1945 international order, an architecture born of war-weariness and colonial twilight, is now a majestic but empty shell. Its foundational promise—a universal system of rules administered impartially—has been hollowed out by decades of selective enforcement, instrumentalized law, and a chasm between the rhetorical ideals of its custodians and their geopolitical practice. This is not a temporary dysfunction, but a systemic failure of legitimacy. From the invasion of Iraq und ...

Introduction: COP30 as a Test of Reality, Not AmbitionCOP30 in Belém was never going to be a breakthrough. In a world marked by fiscal exhaustion, geopolitical rivalry, and eroding trust in multilateralism, expecting transformational climate cooperation bordered on denial. The choice of the Amazon as host carried symbolic weight, but symbolism does not override power, interests, or institutional capacity.The outcome of COP30 confirms a deeper truth: the global climate regime has ent ...

In response to developing countries’ dissatisfaction with the New Collective Quantified Goal (NCQG) of $300 billion, which was decided at the Twenty-Ninth Conference Of the Parties (COP29) to the United Nations Framework Convention on Climate Change, in 2024 in Baku, Azerbaijan, the COP29 and COP30 presidencies promised to develop a roadmap to achieve $1.3 trillion in external climate finance that developing countries need, and to present it at COP30 in Belém, Brazil[1]. The two pre ...

This policy brief examines what the 2025–2026 period reveals about the future of global energy risk and the energy transition. After the shocks of 2021–2023, 2025 brought broad price easing: oil and coal prices declined as supply growth outpaced demand, and the World Bank projects further declines in the global energy price index in 2026, offering short-term relief for energy-importing economies. The brief argues, however, that the macroeconomic relevance of energy entering 202 ...

This policy brief was originally published on : euromesco.net This paper examines the nexus between governance structures, digital transformation, sustainability, and port service efficiency through an international comparative lens, with a specific focus on the Tanger Med–Algeciras corridor in the strait of Gibraltar. Using global best practices—from Singapore to Busan and Kaohsiung—it explores how public-private coordination, digital innovation, and green transition policies ...

La création de l’Alliance des États du Sahel (AES) symbolise une rupture politique et géostratégique majeure, appuyée sur un discours souverainiste et anti-occidental. Deux ans après, Mali, Burkina Faso et Niger peinent à assurer leur intégrité territoriale, à stabiliser leur sécurité intérieure et à bâtir une gouvernance solide. L’intégrité territoriale est un problème commun aux trois États, car dans ces pays, la cohésion de l’État et le contrôle du territoire sont directement men ...

This Paper was originally published on sciencedirect.com This study provides an original and significant contribution to evaluating educational service quality in Morocco by leveraging, for the first time, microdata from the Service Delivery Indicators (SDI) survey. The survey covers a nationally representative sample of 300 public and private primary schools across rural and urban areas. The use of SDI data represents a major methodological advancement, shifting away from perc ...

Ce Policy Paper analyse les enjeux politiques, économiques et opérationnels du Fonds pour les pertes et dommages, créé pour répondre aux impacts climatiques irréversibles subis par les pays les plus vulnérables. Il clarifie d’abord la notion de pertes et dommages, qui mêle effets économiques et non économiques, et souligne les défis d’attribution liés à la superposition entre chocs climatiques et fragilités structurelles. L’analyse met ensuite en lumière les tensions d’économie poli ...

This paper presents the theoretical specification and current developments of a Spatial (Interprovincial) Computable General Equilibrium (SCGE) model for Morocco. The model is formulated as a Johansen-type CGE system, solved in linearized form, and is designed to analyze the regional and national impacts of policy shocks within an integrated interregional economic framework. The Moroccan economy is disaggregated into 72 provinces, 20 production sectors, multiple institutional agents ...

The U.S. military buildup in the Caribbean—the most significant since the Cuban Missile Crisis—comes at a moment when a new world order is taking shape, its contours still unclear, and in which the U.S. seeks to be more assertive in the Western Hemisphere. This disposition toward South America and the Caribbean was underscored by the recent publication of the new U.S. National Security Strategy, in which the Monroe Doctrine is explicitly invoked. This Policy Brief situates the devel ...

In 2025, the global landscape became increasingly fragmented and uncertain. Great power competition intensified, regional conflicts became protracted and exacerbated, while economic nationalism reshaped the rules of trade and development. The mechanisms for conflict resolution and cooperation that have long provided a foundation for international cooperation are now under strain due to polarization and mistrust. Even longstanding alliances, bilateral and collective security architec ...

L’« uberisation », terme né du nom de l’entreprise américaine Uber au début des années 2010, désigne initialement un modèle économique fondé sur la mise en relation directe entre offre et demande via des plateformes numériques. Rapidement popularisé, le concept s’est élargi, avec Airbnb dans l’hébergement, puis à une multitude d’autres secteurs : livraison de repas, services à domicile, commerce en ligne, voire des métiers traditionnellement régulés ou corporatistes. Ce néologisme t ...

 Global GDP growth has proven resilient in 2025, despite the shocks caused by the trade policies implemented by United States President Donald Trump in the first year after his return to office. The gloomy projections offered by multilateral and private institutions in the first quarter of 2025 have given way to revised levels mostly in the 2.5% to 3% range for the year. ...

This paper assesses the economic and environmental implications of Morocco’s strategic transition from internal combustion engine vehicle (ICEV) manufacturing to electric vehicle (EV) production, with a particular focus on the regional impacts of localizing high-value battery manufacturing. Using an interregional input-output model, extended with environmental satellite accounts, the study simulates a structural shock related to the wholesale substitution of ICEV-specific inputs wit ...

This Policy Paper analyses the Fourth Industrial Revolution (4IR) through the critical lens of technological colonialism. It argues that the fusion of physical, digital, and biological technologies is not merely a technical phenomenon but a civilizational shift reshaping the foundations of global power. The article traces a historical continuum from previous industrial revolutions, demonstrating how patterns of inequality and extraction persist, now transposed into the digital realm ...

This report addresses the business environment in Brazil as one of the determinants responsible for the weak evolution of productivity in recent decades. After addressing this productivity performance, we define what constitutes the business environment, using as a reference the three ways in which the World Bank has been addressing the subject.Next, we highlight how the business environment affects productivity in a country. Finally, we review some recent reforms in the country's b ...

La modélisation classique de la croissance repose sur des outils – notamment la fonction de production agrégée et la comptabilité de la croissance – dont les incohérences logiques et les ambiguïtés épistémologiques sont connues depuis la Controverse de Cambridge et les travaux d’Anwar Shaikh. Pourtant, ces failles continuent d’alimenter des raisonnements fallacieux dans le débat économique et les discours institutionnels. Cet article montre que la nature tautologique de ces outils n ...

The meeting between Donald Trump and Xi Jinping in Busan, South Korea, was more than an exercise in diplomacy. It was an emblematic performance of a world in transformation. Behind the formalities, the cameras, and the studied smiles lay an unspoken recognition: the world is no longer unipolar. The era of American supremacy, sustained for decades through its economic reach, military presence, and ideological projection, is giving way to a more diffuse, multipolar reality. ...

Morocco has emerged as one of Africa's success stories, achieving significant progress in economic transformation and the green transition over the past 25 years. Continuing and deepening this transformation is essential to reach the country’s goal of becoming a high-income economy in the coming decades. Significant challenges include managing the risk of the middle-income trap, addressing demographic pressures, promoting inclusive growth, ensuring environmental sustainability, and ...

Official Development Assistance (ODA) to developing countries has fallen in recent years to well below the UN target of 0.7% of developed countries’ gross national income. Global remittances have become the biggest inflow to poor countries, greater than ODA or foreign direct investment which has also declined. Against the backdrop of geopolitical tension between major powers, other countries including developing ones and development institutions have to do their parts in mobilizing ...

Almost a year after President Donald Trump’s return to the White House, the United States displays little of the isolationism many of the country’s international partners anticipated, and many of Trump’s supporters desired. From economic sanctions to military intervention, Trump is proving to be something of a foreign policy president, although with distinctly unilateral instincts. This approach is particularly evident in Washington’s current approach to the ‘South’, including Latin ...

This paper analyzes the impact of the BRICS+ Summit of July 2025 on the evolution of the bloc, as well as on the relationship between the bloc and the U.S. under President Trump. It also tackles the aftermath of the summit and in particular the impact it had in the souring of Brazil-U.S. relations. Before the paper analyzes the impact of BRICS+ on Morocco, it goes over the consequences of the events that resulted from the summit on the Brazilian political sphere.  ...

The publication of the latest (74th) edition of the Statistical Review of World Energy (SRWE, 2025) is a good opportunity to take stock of some major trends in the world of energy. In this note, we focus on the African continent. All figures below are taken from this document and refer to the year 2024, unless otherwise indicated.SRWE figures relate to commercially-traded energies, which include fossil fuels, hydroelectricity, nuclear power and modern renewable energies other than h ...

On 1 October, China marked the 76th anniversary of the founding of the People's Republic. Few nations in modern history have experienced such a remarkable transformation in so short a time. In just over seven decades, China has ascended from poverty and fragmentation to become a technological, economic, and diplomatic powerhouse of global significance. This trajectory—driven by strategic planning, institutional stability, and a steadfast belief in the state as a catalyst for develop ...

This blog was originaly published on orfonline.org. The maritime cities of the 21st century are not merely legacies of the industrial age. Rather, they are becoming platforms of global connectivity and engines of economic transformation. As global trade shifts toward digital platforms and multimodal logistics, the traditional harbour is transforming into a 'Blue City' - a modern coastal centre where trade finance, service industries, and skilled workers are considered as k ...

Depuis que l’économie a été reconnue par les Nobel, en1969, c’est à cette discipline qu’il revient de clore les cérémonies annuelles d’attribution des Prix aux lauréats. Pour cette année 2025, c’est le 13 octobre que  l’Américano-Israélien, Joel Mokyr, le Français, Philippe   Aghion, et le Canadien, Peter Howitt, ont été consacrés Prix Nobel de l’Économie. ...

Conventional wisdom holds that the United States has undergone massive deindustrialization in recent decades, with the country's manufacturing sector supposedly withering as it lost ground to China. This narrative has fueled debates about industrial policy, economic nationalism, and the reshoring of manufacturing production. But what if this story is only partially true? What if, instead of disappearing, American industry simply changed its address?  ...

Africa's development depends on the mobilization of catalytic levers capable of accelerating growth momentum, with wider benefits for the African people. The digital, energy and demographic transitions are all major challenges, but at the same time they present the continent with new opportunities for transformation. In this context, Atlantic Africa appears to be a strategic and promising area, thanks to the richness and diversity of its natural resources, its geographical position ...

This policy paper examines digital colonialism as a defining structural challenge of the twenty-first century and argues for the urgent pursuit of digital sovereignty in the Global South. While digitalization holds immense potential to foster inclusion and bridge development gaps, current dynamics reproduce historical patterns of dependency: data is extracted from Southern populations, routed through infrastructures owned by Northern corporations, processed by algorithms trained on ...

Global economic growth has been more resilient than expected, as the artificial intelligence-led growth seems to be compensating for the negative impacts of trade conflicts. Overstretched asset values and slowing jobs growth may be signaling that the balanced crossing of those two paths will be challenged. ...

En dépit des progrès sociaux, le Maroc reste confronté à une série de défis. Le chômage persiste à un niveau inacceptable, l’adéquation entre la formation et l’emploi est insatisfaisante, l’accès aux soins est contrarié par maintes contraintes, les disparités territoriales demeurent flagrantes. Pourtant, que de réformes, que de programmes sociaux sont financés depuis des décennies pour couvrir les déficits accumulés par le passé. Beaucoup de ces secteurs névralgiques pour le bi ...

Ce livre n’est pas un énième essai sur les Fake news. Il refuse les raccourcis moralisants, les solutions toutes faites ou les anathèmes technophobes. Ce que propose ici l’auteur, c’est une cartographie rigoureuse et plurielle d’un désordre informationnel devenu structurel — non pas un simple accident de parcours numérique, mais un révélateur des tensions démocratiques, des fractures institutionnelles et sociétales ainsi que des reconfigurations épistémiques de notre épo ...

Morocco’s strong macroeconomic performance over the past two decades—anchored in infrastructure modernization, industrial diversification, and renewable energy leadership—has positioned it as a success story in the Global South. Yet these achievements mask persistent regional disparities that undermine inclusive development. Coastal regions such as Casablanca-Settat and Tangier-Tétouan-Al Hoceima dominate economic activity, while hinterland and southern provinces face structural dis ...

Amidst intense geopolitical competition, efforts to develop tokenized monetary units—tradable on programmable platforms such as blockchains—have added a new dimension to the debate about the role of a global payment and reserve currency. Tokenized monetary units are expected to greatly improve the efficiency of payment transactions in terms of their speed and cost, especially cross-border transactions. They could also meet emerging demand for technologically enabled features such as ...

Le constat est unanime et est constamment souligné : le modèle de développement en vigueur au Maroc a atteint ses limites. La Vision Royale, refusant « un Maroc à deux vitesses », vient formaliser au plus haut niveau cette préoccupation systémique, documentée par une décennie de rapports officiels. La  Vision de Sa Majesté le Roi Mohammed VI est un hymne à une dynamique de croissance dont les retombées doivent être plus équitablement réparties et à un développement te ...

Le développement de l’Afrique repose sur la mobilisation de leviers catalyseurs capables d’accélérer la dynamique de croissance avec des retombées élargies au bénéfice des populations africaines. Les transitions numérique, énergétique et démographique constituent autant de défis majeurs, mais elles présentent parallèlement de nouvelles opportunités de transformation pour le continent. Dans ce contexte, l’Afrique atlantique apparaît comme un espace stratégique et prometteur, grâce à ...

Les questions des inégalités sociales et des inégalités territoriales sont profondément liées.  Les politiques publiques ne peuvent réduire l’une sans s’attaquer à l’autre.  Le phénomène des inégalités peut s’accentuer avec la fragilité de la situation socio-économique de certains territoires d’autant que le développement territorial n’est pas spontanément équitable. La réduction de ces inégalités, un des enjeux majeurs des politiques publiques, oblige à con ...

This Paper was originally published on springer.com This paper provides an in-depth analysis of socio-economic convergence across communes in Morocco, focusing on monetary poverty and educational inequalities. This research investigates the impact of the well-known territorial and inclusive development policies of the National Initiative for Human Development on the catch-up process. We explore the data from the last two general population and housing censuses (2004 and 20 ...

The Atlantic Initiative, announced by King Mohammed VI in November 2023 to provide landlocked Sahelian countries with access to the Atlantic Ocean via Moroccan territory, promises to profoundly reshape the bilateral relationship between Rabat and Nouakchott. This research paper examines how this unprecedented project creates new strategic opportunities while raising shared challenges for Morocco and Mauritania. Diplomatically, the rapprochement around the Atlantic Initiative unfolds ...

Ce travail apporte un éclairage critique sur l'alignement des dispositifs publics d'orientation des étudiants marocains à l'étranger avec les ambitions de développement du pays. Il interroge la capacité de ces mécanismes à transformer la mobilité étudiante d'une potentielle "fuite des cerveaux" en un véritable "gain de cerveaux". S'appuyant sur une étude de cas qualitative, nous avons mené une analyse de contenu systématique (cartographie) de 204 programmes promus par le ministère d ...

This policy brief analyzes the first 100 days in office of Chancellor Friedrich Merz, which have been marked by an assertive foreign policy, ambitious security reforms, and a shift toward economic pragmatism. Merz has sought to reestablish Germany as a ‘leading middle power’, emphasizing closer European coordination, renewed transatlantic engagement, and unwavering support for Ukraine. However, his approach to the Gaza conflict, characterized by alignment with U.S. positions and rel ...

Estimates based on last year’s U.S. imports, by Maia G. Crook (from JPMorgan) indicate that the average effective U.S. tariff rate is currently 16%, and is expected to rise to 20% by the end of 2025. This represents an increase from 13% mid-year and 2.3% in 2024 (Figure 1). Effective tariff rates are a measure of the degree of protection a tariff structure offers to the value added provided by each sector to a country’s final product, taking into account both the tax on final g ...

This Opinion was originally published in Project Syndicate However politically convenient narratives about the United States "abandoning" manufacturing may be, the reality is more complex and less gloomy than many assume. In fact, US manufacturing has not disappeared, but it did internationalize as American companies pursued higher-value opportunities at home. ...

This paper argues that the Middle East has become the crucible of twenty-first-century imperial politics, exposing the collapse of legal universality and the resurgence of coercive empire. Through the archetypes of Hammurabi and Nebuchadnezzar, it analyzes how states invoke law rhetorically while practicing domination through siege, spectacle, and exclusion.The United States, China, Türkiye, Israel, Iran, the European Union, and the Gulf monarchies all oscillate between Hammurabian ...

This Paper was originally published on tandfonline.com The gender gap in education remains a concern for Moroccan policymakers and researchers, yet it is rarely measured quantitatively. This study examines differences in reading and mathematics performance between girls and boys, both at the national level and by place of residence, using PIRLS (2016, 2021) and TIMSS (2015, 2019) data covering 21,129 students. The Blinder-Oaxaca decomposition method is applied to distingui ...

L’Initiative Atlantique, annoncée par le Roi Mohammed VI en novembre 2023, visant à offrir aux pays sahéliens enclavés un accès à l’océan Atlantique via le territoire marocain, promet de redessiner en profondeur la relation bilatérale entre Rabat et Nouakchott. Cet article examine comment ce projet inédit crée de nouvelles opportunités stratégiques tout en soulevant des défis partagés pour le Maroc et la Mauritanie. Sur le plan diplomatique, le rapprochement autour de l’Initiative A ...

La parution de la dernière édition (la 74ème) de la Statistical Review of World Energy (SRWE, 2025) est une bonne occasion de faire le point sur certaines grandes tendances du monde de l’énergie. Dans cette note, nous nous centrerons sur le continent africain. Tous les chiffres ci-dessous sont extraits de ce document et portent sur l’année 2024, sauf indication contraire. Les chiffres de la SRWE portent sur les énergies qui font l’objet d’échanges commerciaux, ce qui inclut les éner ...

The author of this opinion, Gabriela Keseberg Dávalos, is a 2013 alumna of the Atlantic Dialogues Emerging Leaders Program.On August 17, 2025, Bolivians did what once seemed unthinkable: they voted the Movement for Socialism (MAS) out of power, after almost two decades of dominance. For a country where last-minute surprises are the political norm, this outcome feels extraordinary. But the verdict is clear: MAS, the party that defined Bolivia’s politics for an entire generation, ...

This paper develops a continuous-time optimal control model to analyze the economic effects of the U.S. administration’s newly imposed “reciprocal tariffs,” which are determined by bilateral trade deficits. The model focuses on a small, open developing economy integrated into global value chains and facing limited policy space. We demonstrate how reciprocal tariffs, endogenously linked to the trade balance, affect production, consumption, capital accumulation, and overall welfare. W ...

History offers ample instances in which the veneer of fairness in international relations has worn away, revealing with unsentimental clarity the crude mechanics of power. The contemporary global trade architecture, promoted for decades by the United States as a virtuous system of open markets, a rules-based order, and reciprocal gains, is merely the latest in a long lineage of such illusions. ...

The multilateral, rule-based trading system underpinned by the World Trade Organization (WTO) has been undermined by the unilateral imposition of U.S. tariffs. Crucially, the foundational principle of non-discrimination among WTO members has been abandoned. While many countries have attempted to negotiate with the U.S. to resolve tariff disputes, they have simultaneously sought to deepen trade ties with each other through plurilateral and regi ...

The international monetary system has been dominated by the U.S. dollar since the Second World War. The hegemony of the greenback cut across the end of the dollar exchange standard established by the Bretton Woods Agreement, and came out from the global financial crisis—and the euro crisis—even stronger than before. The euro area and China are taking steps to strengthen the international role of their currencies, but surmounting the inner strength of the dollar-based monetary system ...

China's ascent to the position of the world's most prominent energy consumer has altered global energy markets and fundamentally reshaped the geopolitics of energy security. As China navigates the complexities of sustaining its economic momentum, ensuring access to reliable, affordable, and diversified energy sources has become an existential imperative, intricately woven into its foreign policy strategy. In parallel, Africa's immense wealth of both conventional and renewable resour ...

This Paper was originally published on springer.comBrazil went from a quite impressive economic performance during much of the twentieth century to a period of mediocre growth from 1980 onwards. This shift has positioned the country as a textbook case of the “middle-income trap”. This paper aims to demonstrate how certain transformations in the international economy since the 1980s—notably the globalization of firms and industries—combined with a set of domestic challenges, disrupte ...

This paper was originally published on tandfonline.comThis study investigates the long-term impact of hosting the FIFA World Cup on unemployment using panel data of 10 countries from 1983 to 2022. The empirical analysis used two estimation techniques namely the Robust Weighted Least Squares (RWLS) and Estimated Generalized Least Squares (EGLS) with fixed and random effects. Our findings reveal that hosting the FIFA World Cup can reduce long-term unemployment by 2.86% to 3.60% over f ...

This paper was originally published on tandfonline.comYouth’s life paths have become increasingly challenging, especially for those classified as ‘Not in Education, Employment, or Training’ (NEET), who comprise 31.2% of North Africa’s youth population. This paper contributes to the growing discourse on the NEET phenomenon by exploring its structural and psychosocial dimensions in North Africa, with a specific focus on gender. Using a rich micro-level dataset of 7,815 individuals age ...

An Executive Order issued on July 30 by President Donald Trump hiked United States tariffs on imports from Brazil by 40%, in addition to the 10% established on April 2—the so-called ‘Liberation Day’ when Trump set out ‘reciprocal tariffs’ on countries around the world.The decree came with a long list of exemptions for Brazilian exports. For a number of product lines, the 10% April 2 tariff will continue to apply. These include air transport equipment, orange juice, furniture, fuel, ...

This paper was originally published on The South African Institute of International Affairs (SAIIA) In the face of Africa’s development challenges and the mismatch between long-term needs and short-term pressures, ring-fencing development expenditures offers a viable solution to secure sustainable financing for growth. ...

This Paper was originally published on ilo.org A guide by the Mainstreaming Employment into Trade and Investment in the Southern Mediterranean (METI) Programme to advise policymakers on how to develop and implement trade, investment and employment.The PRG is a strategic framework designed to align trade and investment policies with employment goals in the Southern Mediterranean. The guide promotes practical solutions and supports policies that foster economic growth, empow ...

This article assesses the economic performance of the original BRICS economies, relative to the growth and currency appreciation projections presented in the papers that introduced the acronym, prior to the grouping becoming a diplomatic, political, and economic reality. It also discusses the BRICS agenda in the current challenging geopolitical context, in which economic fragmentation tends to raise costs for the global economy and presents considerable obstacles for emerging and de ...

This Blog was originally published on t20southafrica.org The G20 should address reform challenges during South Africa's presidency, as ongoing geopolitical tensions obstruct global cooperation and complicate efforts to revamp the international financial architecture. ...

Available soon on livremoi. The 2025 edition of the African Economic Report continues in the spirit of previous versions. It presents a broad overview of the continent’s economic evolution and offers insights into Africa’s relationship with the rest of the world. In other words, it explores how Africa navigates the effects of global fragmentation within its regional spaces while pursuing its ambition of continental integration. ...

The BRICS+ group of countries met in Rio de Janeiro over the weekend of 6-7 July. The original group – Brazil, Russia, India, China and, soon after, South Africa – emerged as the materialization of a work of fiction. Jim O’Neill, then chief economist at Goldman Sachs, produced a report in 2001 drawing attention to the rise of these countries as emerging regional powers in global economic growth. ...

Developing countries have few options to deal with the ongoing tariff war amid unpredictable shifts in global supply chains. However, regional economic integration offers a strategic path of development in these uncertain and challenging times. Helped by geographical proximity and cultural familiarity, countries in a region can benefit greatly from promoting trade with one another, reaping the benefits of comparative advantages and economies of scale—if they are able to establish a ...

La stabilité apparente des taux directeurs de la BCEAO (Banque centrale des États de l'Afrique de l'Ouest) masque une réalité bien plus préoccupante : un resserrement monétaire non déclaré dans la zone UEMOA (Union économique et monétaire ouest-africaine) et une rareté accrue de la liquidité qui frappe tout le système. Nous proposons une analyse en profondeur des mécanismes de cette crise bancaire latente, ses manifestations concrètes sur le tissu économique et ses implications pour ...