Africa needs more ‘interventionist states’, says UN’s economic czar
If you don’t know the name, you should: more than any other African, Carlos Lopes is in charge of steering this continent’s economic future.
If you don’t know the name, you should: more than any other African, Carlos Lopes is in charge of steering this continent’s economic future.
Faced with another looming debt crisis, industrialised economies are turning to low interest rates to fix the problem, even though this does nothing to address their long-term problems. For African economies, already under significant debt pressure, this is not a viable solution. By Carlos Lopes, Executive Secretary of the United Nations Economic Commission for Africa.
It seemed as though Africa was set to embrace meaningful transformation. But perhaps we were all too busy approving frameworks and strategies centred on the need for real structural transformation to realise that the African story line is still not sanguine. Huge differences in the distribution and exercise of political and economic power have resulted in violent conflicts and the key economic locomotives of this continent have been choked.
Addis Ababa (Ethiopia) – As Africa transforms its economy, it will need modern jobs and increased productivity to fight hunger on the continent, African leaders agreed at a two-day summit.
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