Africa Poised for Democracy Upturn

By Sven Richter*
IDN-InDepth NewsAnalysis

African demographics are at the start of a long-term trend that will most likely trigger high gross domestic product (GDP) growth in the region for the next decade or two. A by-product of this is likely to be more democracy. Studies show that as GDP increases, the likelihood of democracies becoming autocracies fades and the likelihood of autocracies becoming democracies increases. This holds true for all nations, bar those with a very high GDP per capita where the wealth is derived from a single resource such as oil. 

Africa Poised for Democracy Upturn

By Sven Richter*
IDN-InDepth NewsAnalysis

African demographics are at the start of a long-term trend that will most likely trigger high gross domestic product (GDP) growth in the region for the next decade or two. A by-product of this is likely to be more democracy. Studies show that as GDP increases, the likelihood of democracies becoming autocracies fades and the likelihood of autocracies becoming democracies increases. This holds true for all nations, bar those with a very high GDP per capita where the wealth is derived from a single resource such as oil. 

A New Global Recession Looming

By Martin Khor*
IDN-InDepth NewsViewpoint

GENEVA (IDN) – It is now clear that the world is slipping – or has already slipped – into a new economic downturn, and that this will have serious consequences for the developing countries. Indeed, some prominent economists have warned that this time the crisis will be more serious and more prolonged than the 2008-9 Great Recession.

IMF’s Forecast Mistakes Are Not Trivial

By Raul de Sagastizabal*
IDN-InDepth NewsEssay

MONTEVIDEO (IDN) – The storm that threatens the global economy has been raging ever since the toxic assets crisis started five long years ago. That crisis has not ended, or receded, but transformed into multiple crises: from fiscal deficit and sovereign debt to poverty, unemployment and the rise in food and fuel prices. Nevertheless, the International Monetary Fund (IMF) had to get its face wet to take note of the storm and rain.

IMF’s Forecast Mistakes Are Not Trivial

By Raul de Sagastizabal*
IDN-InDepth NewsEssay

MONTEVIDEO (IDN) – The storm that threatens the global economy has been raging ever since the toxic assets crisis started five long years ago. That crisis has not ended, or receded, but transformed into multiple crises: from fiscal deficit and sovereign debt to poverty, unemployment and the rise in food and fuel prices. Nevertheless, the International Monetary Fund (IMF) had to get its face wet to take note of the storm and rain.

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