Economics

8 Items

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 […]

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 […]

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? […]

Further Comments on Ending Bribery

by Yaw Nyarko

For a follow-up on Ending Corruption in Africa, and reflections on issues brought up by the Anas Aremeyaw Anas video (click here) see this paper below by my good friend and colleague Atsu Amegashie, an economist at U. Guelph in Canada. Kafo Didi: Living Large but Producing very Little J. Atsu Amegashie February 11, 2011 Conventional wisdom strongly […]

Ivory Coast – Just Say No to the Incumbent and Loser of the Election

by Yaw Nyarko

From all the information coming in, the opposition candidate Alassane Ouattara and his party clearly won the recent presidential elections in Cote D’Ivoire. The incumbent, Laurent Gbagbo lost, so should concede, and hand over power. Thabo Mbeki , the African Union (AU) mediator and former South African President should tell Gbagbo that, NO, he can […]