Sovereign Stabilization Funds and the End of the Commodities Super-cycle: What are the Challenges?

Affluent citizens of Manhattan have been escaping to their beach homes at the famous Hamptons or the picturesque coast of nearby Massachusetts. Parisians are deserting their spacious apartments overlooking parks and boulevards, descending on quaint villages in Normandy or beyond. London has noted stagnation in the number of new renters and buyers, and Londoners with property in peaceful countryside are moving out of the city, ready to work from home. Futurologists, sociologists and ...

For the last 70 years, the social order in Europe has been based on the concept and practice of inter-generational solidarity. The welfare state granted every citizen, in addition to education and universal health services (and dependency care when needed in the most advanced welfare states), an old-age pension, which ensures that older generations do not suffer a huge income loss when retiring from work and are protected against insecurity. Population aging means that now, accordin ...

L’Afrique a perdu 70 % de ses arrivées touristiques en 2020, selon le dernier baromètre de l’Organisation mondiale du tourisme (OMT), soit un peu moins que la moyenne mondiale (74 %). Au début de la crise, l’Union africaine (UA) s’inquiétait surtout pour les petits pays insulaires fortement dépendants du tourisme. Les Seychelles ont perdu 71 % de leurs visiteurs en 2020, avec 114 850 arrivées contre 384 000 en 2019, et 61 % de leurs revenus touristiques. Lourde perte, dans la mesur ...

Brazil, an oil-exporting nation, was still struggling to recover from the depression which started around 2014/15 when it was hit by a quick succession of shocks: the COVID-19 pandemic and the oil price collapse. The global pandemic triggered major economic dislocations and contractions in foreign and domestic markets, which further exacerbated the fall in demand for oil, sending world prices tumbling further. Poverty was already widespread in Brazil pre-pandemic. And despite recen ...

Si les migrations en provenance d’Afrique constituent la priorité des politiques européennes de contrôle des frontières extérieures de l’Union européenne (UE), les dynamiques migratoires africaines sont pourtant avant tout régionales. Les migrations subsahariennes sont très peu connectées aux flux transcontinentaux : plus de 70 % restent en Afrique. Si l’on observe le continent dans son ensemble, en y ajoutant les pays du Maghreb et l’Afrique du Sud (deux régions mieux connectées a ...