Home » Posts tagged with » Economic Policy

Brexit Could Cost Poorest Countries £320m A Year, Warn Economists

Brexit Could Cost Poorest Countries £320m A Year, Warn Economists

  The world’s poorest countries could lose more than £320m a year if their existing trade agreements with the UK market are not maintained in the event of Brexit, a new series of essays published by the Overseas Development Institute (ODI) and the UK Trade Policy Observatory has warned. The authors said emerging markets in […]

Kofi Annan Rejects Trump

Kofi Annan Rejects Trump

A former Secretary-General of the United Nations, Mr. Kofi Annan, has expressed reservations about the candidature of the Republican Party in the upcoming US election, Donald Trump. At a conference held in Salzburg, Austria,  as part of the Nestle Salzburg Festival on Saturday, Annan expressed worry over Trump’s adventures and noted that he was sorry […]

Post-Brexit Sterling Decline Will Cost Poor Countries $4bn, Claims Study

Post-Brexit Sterling Decline Will Cost Poor Countries $4bn, Claims Study

The post-Brexit slump in the pound will cost developing countries nearly $4bn (£3.1bn) in the coming year, with reduced trade and aid, risk-averse financial markets, lower growth and sharply reduced remittances all playing a role, a report shows. Sterling’s 10% devaluation in the first week after the vote, coupled with lower UK gross domestic product, […]

Why Africa’s Economic Prosperity Will Not End Poverty

Why Africa’s Economic Prosperity Will Not End Poverty

For the last twenty years, sub-Saharan Africa has been growing fast, at an average of 5.2 percent per year. Meanwhile, the number of people on the continent reportedly living in poverty (under $1.25 a day) has continued to creep upwards from 358 million in 1996 to 415 million in 2011—the most recent year for which […]