L’Afrique : Entre la richesse du continent et la malediction des rentes

Rentier state theory grew out of an attempt to understand political development in the oil-rich states of the Middle East. The framework has since been applied to understand the politics of resource-rich countries in Latin America, Asia and Africa, with proponents arguing that rentier states tend to suffer from poor governance because state officials use “unearned income” to avoid institution-building and to suppress calls for democracy. This Policy Brief will discuss whether a fram ...

Depuis la fin de l’année 2017, le président Donald Trump mène plusieurs batailles commerciales, contre différents partenaires, sous prétextes de sauver des emplois industriels américains et de réduire le déficit commercial des États-Unis. S’il est difficile de se prononcer sur les effets des combats commerciaux amorcés par le président Trump, l’importance des opposants et des échanges pour l’économie mondiale en fait une source de risque pour la croissance, les emplois et les prix à ...

Comme le rappelle le Policy brief 17/32 consacré en large part à l’hypothèse dite de « Prebisch-Singer », la dynamique du prix des matières premières se décompose en tendance de très long terme, en cycle et en instabilité (volatilité) à court terme (Jacks, 2013)1 . La flambée du cours des matières premières sur la période 2002-2012 avait, dans cette perspective, conduit nombre d’observateurs à évoquer l’existence d’un « super-cycle » alimenté par la hausse structurelle de la demande ...

The fall in oil prices, which began in fall 2014, had a significant influence on the strategies of the key players in the oil industry in Africa. The continent’s oil sector has experienced deep-reaching changes, ranging from a drop in exploration budgets, the disappearance or sale of weakened companies, the reorganization or pullback of the traditional oil majors, the establishment of new companies and the arrival of state-owned companies attracted by the crisis-induced windfall eff ...

This paper reports the results of an application using an interregional input-output matrix for Morocco together with regional information on water consumption by sectors. We develop a trade-based index that reveals the relative water use intensities associated with specific interregional and international trade flows. We estimate, for each flow associated with each origin-destination pair, measures of trade in value added and trade in water that are further used to calculate our in ...

Since inception nearly a century ago, corporations and industries have coevolved with Morocco’s legacy of peace and prosperity. With a growing pressure on agricultural production and natural resources, exacerbated with climate change, there is urgency to define sustainable strategies that would reassure corporations and industries for longterm prosperity and for a healthy economy. Studies have highlighted the perilous state of our natural environment, the exhaustion of our aquifers, ...

Traiter de la dynamique du prix des matières premières impose de caractériser trois phénomènes auxquels ils sont soumis : les tendances de (très) long terme, les cycles de moyen/long terme et la variabilité/volatilité à court terme (Jacks, 2013). Influençant fortement les économies des pays exportateurs, chacun d’entre eux appelle à la mise en œuvre de stratégies spécifiques, notamment en termes de politiques publiques. Ainsi, alors que la volatilité interroge sur la disponibilité d ...

Renewable energy technologies are projected to have substantial growth in the coming decades, especially given the environmental, social and economic drivers observed globally. The Middle East and North Africa (MENA) region encloses abundant alternative energy sources such as solar, wind and hydropower. The concern is more whether the Arab region will be able to respond to and manage the growth opportunities in this emerging sector. This Policy Brief explores opportunities and chall ...

In June 2017, the second Annual Report on Commodity Analytics and Dynamics In Africa (Arcadia report) was published, in collaboration between the OCP Policy Center and CyclOpe. Its aim is to annually report on the evolution of the economic, legal, financial and societal links between Africa and the world commodity markets, both with regard to the cyclical changes in the markets, and to the structural changes or failures that may have emerged. Focusing on 2016 and early 2017, the Arc ...