Kenneth Rogoff: America’s current account: a deficit of judgment

Despite arguments to the contrary, America’s current account deficit is a huge problem, says Kenneth Rogoff. But a decline in the dollar won’t solve it: a more sophisticated, multilateral, response is required – Will America’s latest public and private borrowing rampage, already more than a decade old, end in tears? Should we expect the gaping…

Read More

Moeletsi Mbeki: Liberating the means of production

Africa’s political elites have undermined their countries’ economies, says Moeletsi Mbeki. The region must give power to the private sector producers if it is ever to develop – When African and Asian colonies gained independence last century, their new leaders faced two main challenges: to consolidate quickly their political power while ensuring stability and, in…

Read More