A Tale of Two Egypts via CIPE Development Blog
Against the backdrop of the upcoming local elections on April 8 and the arrest of over 300 members of the country’s biggest opposition group, Egypt is at a critical juncture along its path towards political and economic development with contradictions that are pulling this most populous country in the region in critically opposite directions. With 40 percent of its population living below the poverty line, the Egyptian economy is witnessing consistent growth and is attracting billions of dollars in foreign direct investment. This remarkable dichotomy is dangerously pushing the country along a perilous tight rope between either becoming the success story of economic reform in the region or driving the country into failure and instability.
At a time when the global economy is teetering...
Unlike Anyone Else via CIPE Development Blog
Zimbabwe continues to supply entries for record books - unfortunately, not of a good kind. This time its the news that the central bank will be printing 10,000,000 dollar bills. Sounds like a lot. Well, its not. Its not even enough to buy a hamburger in a cafe. And, with the way things are going in the country, you may be lucky if you find anything to buy - especially, since goods are disappering from the store shelves into the black market as police are attempting to prosecute entrepreneurs for raising prices. I wonder, why, unlike many others, Zimbabwe hasn’t been able to benefit from high global prices on natural resources (of which it has plenty)? Some think corruption is one of the major......