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Anybody with $20M to spare – to end Ebola in West Africa in 2 weeks?

by Yaw Nyarko

In a perfect world, the Ebola virus raging in 3 countries in West Africa could be contained in a few days and ended in 2 weeks.  The incubation period of the virus from first contact to the time symptoms are visible is from 2 to 21 days.   Until the symptoms start one is not contagious.  […]

On My Way to Abu Dhabi

by Yaw Nyarko

I am on my way to Abu Dhabi, the capital of the UAE – the United Arab Emirates.   Earlier today in New York I spoke to a Nigerian worker at a bank who thought Dubai was a country and Abu Dhabi its capital – just to show how this country, formed in 1971, and particularly […]

Ghana’s Currency Tumbles

by Yaw Nyarko

Ghana’s Currency Tumbles The value of the Ghanaian cedi has taken a somewhat big hit recently, measuring a decline of 8% against the dollar in January, and continuing in its downward trend with a 1.2 percentage point decline in the past several days (See below, Chart from Bloomberg.com). Within days of the beginning currency volatility, […]

No Roads, No Votes

by Yaw Nyarko

Without a doubt, the people in developing countries are right in emphasizing the importance of roads.  It is for many villages, the very definition of modernity.  The road links the village to the rest of the country – bringing an expansion in the market whose importance Adam Smith has so forcefully written about.  Getting the […]

A Talk With Alemayehu Seyoum Taffesse

by Yaw Nyarko

Alemayehu Seyoum Taffesse (IFRPI, Ethiopia) at NYU Africa House My good friend and colleague gave a great talk the other day.  It was on aspirations.  His basic argument is that there is something called “aspirations” that people have in their heads.  Their work effort depends upon the level of these aspirations.  The aspirations can be […]

Our CTED operations Ghana

by Yaw Nyarko

I am just leaving Ghana to New York. We just opened in Accra a building next to the NYU in Accra campus which we will use as the Ghana office of our Center for Technology and Economic Development (CTED). We are hoping that our research will actually improve the lives of poor people. We do […]

Live from the WEF Today

by Yaw Nyarko

I watched a live session of the World Economic Forum today – no I am not in Davos but watching this from computer in freezing New York. I logged on halfway through. Prez Jonathan sounded good and very presidential. President Kagame, in asking a question from the floor, was all over the place – unclear […]

Former Chairman of Nigeria’s Anti-Corruption Efforts makes Headlines with New Report; Current Chairman Speaks at NYU Today

by Yaw Nyarko

The Financial Times has just leaked word on a report by Nuhu Ribadu, former head of Nigeria’s anti-corruption efforts, on the effect of corruption in the Nigerian oil industry. Ribadu, currently serving as Chairman of the Petroleum Revenue Task Force, reported that Nigeria loses $6.3 billion to oil theft each year, and lost an estimated $29 billion in […]

Is There a Separate Economics for Africa?

by Yaw Nyarko

On my mind today, perhaps because I am doing some proposal writing, is something that has been nagging me for years, and perhaps explains a lot of the economics I do. Is there a separate economic theory for poor, different from the rich? Is there a separate economics for Africans, different from that of Europeans and Americans? […]

Congratulations to Tom Sargent

by Yaw Nyarko

I just came back from the New York University dinner gala celebration for Tom Sargent in recognition of his award of the Nobel Prize.  It was a really grand affair in the Plaza Hotel – a wonderful old style New York Hotel with an elegant ballroom.  In his speech, Tom gave an interesting comparison of the […]