Introduction / Session de dialogue

On the day he formally took power in Nigeria, 29 May, President Bola Tinubu put an end to fuel subsidies.  It was a bold and politically difficult decision, but long overdue. Nigeria is a leading oil producer and yet its citizens struggle to put gas in their tanks. It exports crude oil but imports refined fuels. For years, the government capped the gasoline price and paid importers the difference between the higher landed cost of petrol and diesel and the lower price at th ...

If we want to understand the implications for growth—particularly the costs—of moving towards a fractured trading system, we can use as a benchmark what happened during the period of what is usually called hyper-globalization or globalization 2.0. Here, I'll try to highlight the relevant aspects, to use them as a benchmark to shine a light on the costs of increasing fragmentation of the trading system. So, what was hyper-globalization or, as Professor Richard Baldwin from the Genev ...

This Policy Brief examines economic research in Africa using data from the RePEc (Research Papers in Economics) platform. It examines the productivity of researchers affiliated with African institutions, some of whom are extremely prolific, while the average for the continent as a whole remains below international standards. As a result, Africa's contribution to global economic research as a whole remains modest, despite the continent's considerable economic stakes. The paper then ...