Isabella LövinTo sustain economic growth and development, we need to tap the potential of all people, giving women opportunities not just to work, but also to lead. What better moment to transform women’s role in the economy than now, when the world is pursuing another economic transformation, toward a green economy?
Sehin Teferra (PhD)A few weeks ago, I facilitated a discussion for the members of a forum of women leaders in the public sector. Throughout the day, I helped these women of power explore the gender dimensions of their public roles as well as the ways in which they can foster strategic sisterhood as a means to strengthen the impact of their roles. As our conversation deepened, a few phrases came up repeatedly: strength, sacrifice, and service. I joked with the women that representation by such superwomen should transform Ethiopia in the very near future, but I worried at the narrative that expects so much from women leaders while almost expecting them to fail. One of the women called this the “‘yihew, eyiwat’ or ‘watch her fail’ syndrome.”
Michael Spence (PhD)In 1979, W. Arthur Lewis received the Nobel Prize in economics for his analysis of growth dynamics in developing countries. Deservedly so: His conceptual framework has proved invaluable in understanding and guiding structural change across a range of emerging economies.
The basic idea that Lewis emphasized is that developing countries initially grow by expanding their export sectors, which absorb the surplus labor in traditional sectors like agriculture. As incomes and purchasing power rise, domestic sectors expand along with the tradable sectors. Productivity and incomes in the largely urban, labor-intensive manufacturing sectors tend to be 3-4 times higher than in the traditional sectors, so average incomes rise as more people go to work in the expanding export sector. But, as Lewis noted, this also means that wage growth in the export sector will remain depressed as long as there is surplus labor elsewhere.
Abdulmenan Mohammed Hamza (PhD)Why Aid Is Not Working and How There Is a Better Way for Africa
We live in an era of the culture of aid which highlights ‘the rich should help the poor and that is morally good’. This conception is reinforced by pop culture (from Bob Geldof to Bono), the media, and a number of global initiatives that make aid the norm of dealing with poverty and its adverse effects on humanity. Yet the impact of aid on Africa’s success in the fight against poverty has remained one of the most contested issues of our time.
José Antonio OcampoThe last two years have thrown into sharp relief the structural injustices that underpin the global economy. The COVID-19 pandemic drove an estimated 88-115 million people into extreme poverty. In the meantime, the world’s billionaires saw their wealth increase by more than 25Pct in this period of pandemic. And while countries in the Global North are now administering vaccine boosters, those in the Global South continue to struggle to secure even first doses for their populations.
Bisrat TekluEthiopia continues attracting new investments in mining, and by 2030 the Ethiopian Government has planned to increase its current foreign exchange earnings from the export of minerals from USD265 million to USD17 billion. With this in mind, the government has, among other measures, issued mining licenses for six large-scale mining companies, namely Akobo Mining, Kurmuk Gold Mining, Into Mining, Oromia Mining, Ali Hamil Khadim, Crypto Mining and Chemicals, and Bhumi Mining. The government is further planning to engage other licenses to interested investors who intend to join the mining industry.
Zeresenay Zeleke (PhD)Ethiopia was left with little option other than defending itself when the super powers waged a war against it in support of domestic terrorists. No different for Ethiopia, peace and security are the minimum public goods a government should deliver to its citizens. Unfortunately, war is not a unilaterally avoidable evil. This is particularly true in the current world where a tense fight between those who want to assert their freedom and continue their greed hegemony is prevalent.
Gutu Merdasa (PhD)The Revival of Pan-Africanism
Kudos to the children of Ethiopia and Eritrea who stipulated these inspiring, but also resentful words, which went viral hours after being expressed to now be echoed by tens of millions across the world. Africans—and all Black people for that matter—who are sick and tired of neocolonialists and their non-stop attempts at reasserting their fading hegemony are continuing to welcome the movement. As part of another desperate move by waning Western influences, Ethiopia has once again been targeted at an unprecedented scale and manner as the West continues to take advantage of the current political instability in the country. In undermining the government’s attempts at enforcing law and order against the Tigray People’s Liberation Front’s (TPLF) tyrants, America and its Western allies have impeded on the right for self-governance of the government. They continue to support TPLF as it had served their interests in the Horn of Africa region during the past three decades of power.
EBRIt’s the beginning of the end of Western-hegemony
The war that has been waged against Ethiopia by neo-colonists is not like ones encountered before. It is multifaceted, congruent, and coordinated on several fronts, employing every possible way to enact regime change with the anticipation of complete disarray, and a civil war that proceeded to create a complete collapse.
It also set an unprecedented level of convergence between neocolonial powers, which were otherwise known to pursue unreconciled stances on several spheres. The inexplicability of this unholy alliance between these groups remains to be a mystery and a puzzle for many. Moreover, what exactly Ethiopia has done to deserve such a level of hostility and conspiracy makes the puzzle even worse deep in the cynics.
Share companies are one form of business organization that often issue shares to raise capital for operational and strategic reasons. In other countries, shares of public companies are traded on regulated stock exchanges. In the stock exchange process, investors can place orders to buy and sell shares. Shares can be a valuable part of an investment portfolio. Owning shares in different companies can help build savings and protect money from inflation and taxes. It’s one option of maximizing income from the investments to the individual. When we see it from the company’s side, managing shares has become a central task.
