Quality education is often referred to as high-level training supported by sophisticated facilities, rigorous standards and well-trained educators. For many, prestige is perhaps the biggest indicator when gauging educational quality and the effectiveness of schools or universities.

The Brexit referendum in the United Kingdom and the presidential race in the United States have shown, among other things, that public distrust of global integration is on the rise. That distrust could derail new trade agreements currently in the works, and prevent future ones from being initiated.

The United Kingdom’s Brexit referendum has shaken equity and financial markets around the world. As in prior episodes of contagious financial turmoil, the victory of the “Leave” vote sent skittish global investors toward the usual safe havens. US Treasury bonds rose, and the dollar, Swiss franc, and yen appreciated, most markedly against sterling.

Ethiopia has Africa’s largest livestock population. The pastoralist way of life is one of the oldest socio-economic systems in Ethiopia. Pastoralism is an economic activity practiced among twenty-nine different ethnic groups in the country, constitutes about 12Pct of the total population of Ethiopia and covers 40Pct of Ethiopian land.

Africa’s drive for fast growth has garnered a great deal of attention over the last decade. This means taking lessons from the economic policy-making process of fast-growing East Asian countries like Taiwan and South Korea is important. Both nations confronted similar problems in their drive for fast growth and poverty reduction, without which the registered success in those countries would have been unthinkable.

Over the last 35 years, Western democracies have seen a rapid rise in political instability, characterised by frequent shifts in governing parties and their programmes and philosophies, driven at least partly by economic transformation and hardship. The question now is how to improve economic performance at a time when political instability is impeding effective policymaking.

Currency-market volatility has been around for decades, if not centuries. Wide gyrations in exchange rates became a staple of international financial markets after the Bretton Woods system broke down in the early 1970s, and mega-depreciations were commonplace later in the decade and through much of the 1980s, when inflation raged across much of the world. Even through much of the 1990s and early 2000s, 10-20Pct of countries worldwide experienced a large currency depreciation or crash in any given year.

Today, great-power competition is a fact: The United States now competes with an increasingly active Russia and a rising China. The Middle East, the South China Sea, and Ukraine are just three theatres where this new reality is playing out.

The story of the Laffer curve and three points about Ethiopia’s tax revenue

In economics, the Laffer curve is one possible representation of the relationship between rates of taxation and the resulting levels of government revenue. It postulates that no tax revenue will be raised at the extreme tax rates of 0Pct and 100Pct and that there must be at least one rate that maximises government taxation revenue. The curve is typically represented as a graph (see the figure on the following page), which starts at 0Pct tax with zero revenue, rises to a maximum rate of revenue at an intermediate rate of taxation, and then falls again to zero revenue at a 100Pct tax rate.

The Fundamental, Missing Issues in the Debate

Industrialisation is the process of building up a country’s capacity to convert raw materials into new products. It involves a growing complexity of production systems, reliance on primary or secondary economic activities and an increase in output.