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Lack of state capability is at the heart of the development problematique, says an expert

27 Sep

By Keffyalew Gebremedhin

I had the privilege of attending this past Thursday the UN WIDER’s 16th Annual Lecture in Helsinki, Finland, on the topic of Pathways to Capable States, with presentation by Harvard University’s Prof. Lant Pritchett. I found the good professor’s ideas interesting, despite some apparent gaps, to my thinking, especially pertaining to international cooperation (the aid modality).
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Foreign aid has ceased to be development tool: It is now used for political stabilisation purposes – African expert

27 May

By Kristin Palitza. IPS

CAPE TOWN , May 22, 2012 (IPS) – Africa needs to reduce its dependency on foreign aid and get to the point of financing its own development, some of the continent’s key development experts say. Timing is optimal now that Africa is experiencing an economic boom with annual growth rates of up to eight percent.
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China: Highlights From Premier Wen Jiabao’s Last Press Conference

23 Mar

The Editor

Speaking at his last press conference on March 14, 2012 at the close of the National People’s Congress, China’s parliament, Chinese Premier Wen Jiabao Wen discussed several important topics.

Anyone interested in getting some understanding of what is happening in that huge country, internally and in its relations with the outside world, would benefit reviewing the premier’s last remarks, as compiled by Caixin Online.

(Beijing) — Chinese Premier Wen Jiabao gave a nationally-televised press conference in closing the National People’s Congress, the last of his five-year term.

During the conference, Wen discussed China’s macroeconomic growth, U.S.-China trade links and cross-strait relations. Wen called upon party members to revisit the lessons of history and stressed the need to encourage reforms that promote economic development.

Wen also commented on the Chongqing police chief incident and the Wu Ying private financing case.

Premier Wen Jiabao at the March 14 press conference at the end of session of the National People’s Congress (Courtesy of Caixine Online)

Here are some highlights from Wen’s remarks:
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Meles and the Deconstruction of Ethiopia

23 Mar

By Prof. Messay Kebede

N. B.: My customary readers may wonder why my political writings increasingly focus on psychological analyses to the detriment of socioeconomic forces. Is it because in my mind psychological factors prevail over socioeconomic conditions? The answer is no unless certain circumstances lend importance to the personality of political leaders. Such is the case when state power falls in the hands of megalomaniac dictators. Only objective socioeconomic and political conditions can create situations that call for a specific rule.
But, wait there’s more-!>

በአሁኑ ወቅት ኢትዮጵያ ውስጥ የዋጋ ግሽበት ፈታኝ ችግር መሆኑን ሚኒስትር ሱፍያን አህመድ አስታወቁ — ሪፖርተር

21 Mar

በኅይሌ ሙሉ

ከጥቂት ዓመታት ወዲህ የተከሰተው የዋጋ ግሽበት በአገር ደረጃ፣ በመንግሥት፣ በገንዘብና ኢኮኖሚ ልማት ሚኒስቴር ደረጃ ፈታኝ ችግር መሆኑን የገንዘብና ኢኮኖሚ ልማት ሚኒስትሩ አስታወቁ፡፡ በአገሪቱ የተከሰተውን የዋጋ ግሽበት ተከትሎ መንግሥት የዋጋ ንረት የታየባቸውን መሠረታዊ ፍጆታዎች ከውጭ በማስመጣት በድጐማ ለኅብረተሰቡ ቢያቀርብም፣ በተለያዩ ምክንያቶች የተፈለገው ለውጥ ሊመጣ አለመቻሉን የጠቆሙት ሚኒስትሩ አቶ ሱፍያን አህመድ፣ አገሪቱ የገጠማትን ይህንን ፈታኝ ችግር ለመፍታት የሚመለከታቸው አካላት በቅንጅት መሥራት እንዳለባቸው አስገንዝበዋል፡፡

ሚኒስትሩ እንዳሉት፣ ከሁሉም በላይ በዋጋ ግሽበቱ የሚጐዳው ዝቅተኛው የኅብረተሰብ ክፍሉ በመሆኑ፣ ችግሩ በአገር ደረጃ የሚካሄደውን ድህነትን የመዋጋት እንቅስቃሴ የሚፈታተን ሆኗል፡፡ መንግሥት በአገራቱ ውስጥ እጥረት የሚታይባቸው ሦስት መሠረታዊ የምርት ፍጆታዎች (ስንዴ፣ ዘይትና ስኳር) ከውጭ አገር በመግዛት በአገር ውስጥ ማከፋፈል ከጀመረ የቆየ ቢሆንም፣ ችግሩ እየተባባሰ ከመሄድ ውጪ የመጣ ለውጥ የለም ብለዋል፡፡

የመሥርያ ቤታቸውን የስድስት ወራት የሥራ አፈጻጸም ሪፖርት ትናንት ለተወካዮች ምክር ቤት ያቀረቡት አቶ ሱፍያን እንደገለጹት፣ መንግሥት ከውጪ ያስመጣቸው ምርቶች በጣም ቀልጣፋ የሆነ ግልጽነት የተላበሰ የግብይት ሥርዓት ተዘርግቶ ለኅብረተሰቡ ቢሰራጩ ኖሮ የዋጋ ግሽበቱ በከፍተኛ ደረጃ ሊቀነስ ይችል ነበር፡፡

ቀሪውን ለማንበብ እዚህ ይጫኑ

Egypt’s posturing against US over NGOs saga backfires, says Al Ahram

4 Mar

Egypt’s ruling military comes under fire for failing to stick by what initially seemed a resolute stance in the case of illegal funding of foreign NGOs operating in Egypt.
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China says solution to Sino-US trade imbalance lies in easing restrictions on high tech exports to China

4 Mar

From the People’s Daily Online

The United States has long been blaming China for its trade deficit. It has imputed the massive unemployment in its manufacturing sector and many other problems to its trade deficit with China, and put pressure China in various fields such as the RMB exchange rate, anti-dumping, and intellectual property rights.

However, experts noted that a main cause of China-U.S. trade imbalance is the different economic patterns of both countries. China only has nominal surplus, while the United States enjoys profits.

Asymmetrical trade pattern leads to trade imbalance

China’s comparative advantage lies in labor-intensive industries, while America’s comparative advantage lies in high-tech industries. China has fully utilized its comparative advantage to export large amounts of cheap but good products to the United States, fulfilling the demand of U.S. consumers. However, the United States has imposed tight restrictions on high-tech exports to China. This asymmetrical trading pattern has inevitably led to trade imbalance between the two countries.

During a recent visit to the United States, Chinese Vice President Xi Jinping called for the United Stated to change its economic policies, including easing restrictions on high-tech exports to China, so as to solve the trade imbalance.

Profits flow out of surplus countries

Processing trade is a major contributor to China-U.S. trade imbalance.

China’s Minister of Commerce Chen Deming noted that multinational corporations are dominating global investment activities in a globalized world. From the perspective of profit flows, processing trade only brings nominal surplus to surplus countries, while real profits largely go to where multinational corporations are headquartered. Multinational corporations’ Chinese subsidiaries engaged in processing trade have become their main sources of profits.

China has gained only a little in the entire business chain, so certain scholars have suggested measuring the trade balance by added value rather than by total imports and exports. Under the new measure, China’s trade surplus will fall significantly.

How to solve China-U.S. trade imbalance

Economist Yin Xiangshuo believes that in order to solve the China-U.S. trade imbalance, the United States should ease restrictions on high-tech exports to China, encourage savings, and cut consumption and imports. China should further boost domestic demand, speed up industrial restructuring, and export more high-quality products, while reducing exports of low-value-added cheap products.

22nd World Economic Forum to meet in Addis Abeba in May, announces co-chairpersons

1 Mar

By Keffyalew Gebremedhin

Ethiopia would host the 22nd World Economic Forum (WEF) from 9-11 May 201, according to announcement on 29 February in Addis Abeba by Mekonnen Haddis, Advisor to Deputy Prime Minister and Foreign Minister Hailemariam Dessalegn, and Elsie Kanza, Director for Africa the World Economic Forum.
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