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Grow Rich in the New Africa
Africa is expected to outperform Asia in growth over in the next five years (2011-15), according to the Economist. And, it also projects that seven of the top 10 fastest growing economies in the world come from Africa Ethiopia, Mozambique, Tanzania, Republic of Congo, Ghana, Zambia, and Nigeria. These numbers are impressive, but they do not reveal the myriad of opportunities and alternative strategies to do business in Africa."Grow Rich in the New Africa" attempts to present a number of opportunities and strategies so that entrepreneurs, investors, and SMEs can piece together unique strategy configurations to be successful in Africa. It extends the coverage first presented in "Redefining Bus...
Redefining Business in the New Africa
2001-2010 proved to be a transitional decade for Africa, ushering in a new image and status for the continent. Africa began to show it was truly shaking the shackles of its colonial and chaotic past. Now that the New Africa has arrived, what does that mean? And, what does it mean for business? On almost every issue that has been pegged a negative for Africa - population boom, poverty, disease, governance, economic instability, and conflicts - there is evidence of a growing shift in the other direction. Businesses need to wake up and proactively shift to this new reality, or paradigm. While business principles apply across any market, businesses need to adapt their strategies to the context o...
Creating Wealth by Harnessing Opportunities in Africa
Did you know that Africa is a hidden treasure God has prepared to help you restore and/or multiply your assets? On overwhelming majority of the Church believes that Africa is a place that needs to be saved from poverty, disease, and conflict. While these are realities, God's picture is very different. Africa will be a part of God's blue print to save the world and to transfer wealth into His Kingdom. This is the time for Africa to arise and shine (Isaiah 60:1)! It is time for Africa to fulfill its Kingdom destiny in all Seven Mountains - media, government, religion, education, family, celebration/arts, and economy. This book will help align you with God's work in the business and economy sphere in Africa to usher wealth into God's purposes, into your storehouses, into Africa, and to the rest of the world. This book is based on prophecy and biblical premise for Africa's position in the Kingdom brought from Heaven to Earth. But, it also outlines current signs, strategies, and practical pathways to tap into the wealth that God has placed in Africa, both spiritual and natural.
Betrayed
Betrayed takes a new approach to the subject of global poverty, one that doesn't blame the West but also doesn't rely on the West for solutions. Betrayed puts the poor themselves at center stage, and shows how their entrepreneurial energies are shackled by political and social discrimination. When these shackles are removed, as is happening in places such as China and Vietnam, the poor are able to seize opportunities and drive wealth creation. Combining the latest research into poverty and state building with the author's personal observations drawn from years running businesses in the developing world, Betrayed explains how leaders in the developing world can build more inclusive societies ...
Inequality of Opportunity
Eight papers, both theoretical and applied, on the concept of equality of opportunity which says that a society should guarantee its members equal access to advantage regardless of their circumstances, while holding them responsible for turning that access into actual advantage by the application of effort.
Growth Through Heterogeneous Innovations
We study how external versus internal innovations promote economic growth through a tractable endogenous growth framework with multiple innovation sizes, multi-product firms, and entry/exit. Firms invest in external R&D to acquire new product lines and in internal R&D to improve their existing product lines. A baseline model derives the theoretical implications of weaker scaling for external R&D versus internal R&D, and the resulting predictions align with observed empirical regularities for innovative firms. Quantifying a generalized model for the recent U.S. economy using matched Census Bureau and patent data, we observe a modest departure for external R&D from perfect scaling frameworks.
Optimal Unemployment Insurance
Designing a good unemployment insurance scheme is a delicate matter. In a system with no or little insurance, households may be subject to a high income risk, whereas excessively generous unemployment insurance systems are known to lead to high unemployment rates and are costly both from a fiscal perspective and for society as a whole. Andreas Pollak investigates what an optimal unemployment insurance system would look like, i.e. a system that constitutes the best possible compromise between income security and incentives to work. Using theoretical economic models and complex numerical simulations, he studies the effects of benefit levels and payment durations on unemployment and welfare. As...
A New Database on Financial Development and Structure
This new database of indicators of financial development and structure across countries and over time unites a range of indicators that measure the size, activity, and efficiency of financial intermediaries and markets.
The Economics of Growth
A comprehensive, rigorous, and up-to-date introduction to growth economics that presents all the major growth paradigms and shows how they can be used to analyze the growth process and growth policy design. This comprehensive introduction to economic growth presents the main facts and puzzles about growth, proposes simple methods and models needed to explain these facts, acquaints the reader with the most recent theoretical and empirical developments, and provides tools with which to analyze policy design. The treatment of growth theory is fully accessible to students with a background no more advanced than elementary calculus and probability theory; the reader need not master all the subtle...
From Global Savings Glut to Financing Infrastructure
This paper investigates the emerging global landscape for public-private co-investments in infrastructure. The creation of the Asian Infrastructure Investment Bank and other so-called “infrastructure investment platforms” are an attempt to tap into the pool of both public and private long-term savings in order to channel the latter into much needed infrastructure projects. This paper puts these new initiatives into perspective by critically reviewing the literature and experience with public private partnerships in infrastructure. It concludes by identifying the main challenges policy makers and other actors will need to confront going forward and to turn infrastructure into an asset class of its own.
